Public Enterprises seeks to appeal court judgment regarding budget airline Mango
The Department of Public Enterprises (DPE) announced on Monday that it had applied for leave to appeal the Pretoria High Court judgment, and order, regarding State-owned low-cost airline Mango, that had been handed down, early last month. Mango, part of the South African Airways group, has been under its own business rescue process.
“The intention of this application is to ensure that all aspects of Mango’s business rescue process are transparent, legally sound and in the best interest of the South African public,” stated the DPE. “This is not a stalling tactic or an attempt the undermine the need to bring finality to Mango’s business rescue process.”
On September 6, the Pretoria High Court had ordered Public Enterprises Minister Pravin Gordhan to decide on the sale of Mango, as proposed by the airline’s business rescue practitioners (BRPs), within 30 days. The DPE affirmed that its application to appeal this ruling was “consistent” with the legal advice it had been given, regarding the case.
The DPE also affirmed that Gordhan was still waiting for information from the BRPs, which he needed to make his decision. This information was, firstly (in the order given by the DPE), a detailed business plan, to allow the consortium’s viability to be assessed; secondly, “comprehensive due diligence’; and thirdly, details about foreign ownership, to ensure compliance with the country’s laws.
Comments
Research Reports
Latest Multimedia
Latest News
Showroom
At John Ratcliffe, we are aftermarket specialists for heavy-duty on and off-road vehicles. We engineer and retrofit advanced safety systems, engine...
VISIT SHOWROOM
Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
