The business rescue practitioner of Mango, Sipho Sono, is hopeful that Minister of Public Enterprises Pravin Gordhan will approve the sale of the low-cost airline "imminently". The exact nature of the concerns SAA raised was not revealed, but Sono has previously described them as "of a mere housekeeping nature". If the proposed sale fails, Sono will implement a wind-down process already incorporated in Mango's adopted business rescue plan. Mango was placed in voluntary business rescue in July 2021 and has not flown since. If the PFMA application is approved, Competition Commission and other regulatory approvals would then still be needed.

Source: News 24 December 07, 2022 19:59 UTC