SA Express to appeal business rescue judgement

After the Johannesburg High Court ruled on Thursday.
The application was brought by transport company Zeigler. Image: Moneyweb

Merely a few moments after the Johannesburg High Court ruled that SA Express be placed under business rescue on Thursday, the airline said it will appeal the judgement. 

The application was brought by transport company Zeigler in January, saying the company is technically insolvent. Zeigler is a former service provider of SA Express and is owed R11 million by the airline. 

In September last year, the embattled airline received a R300 million lifeline from Treasury to assist with operational expenses. This came after the entity was provided with a R1.2 billion government bailout in the 2019 budget. 

In a statement, SA Express Spokesperson Mpho Majatladi said the company has instructed its lawyers to file for leave to appeal. 

Considering the content of the judgment, it is clear that the court went over and above what was required and granted orders not sought by the applicant. The court has also not made any order on whether the matter was urgent or not, in circumstances when the urgency was specifically opposed.”

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Pay the invoices of your providers when they are due; if you can’t then you are NOT running a business but using your service providers as unwitting credit lines…

If you don’t make money; its not a business and it a charity…

You look at this through private business’s capitalist eyes. This is wrong in my view. The ANC cadres who run SAX want to stay in their jobs as long as possible, chewing up taxpayer money. Add insult to injury is that they fund this “appeal” from these funds and use the taxpayer money to employ their lawyer pals who turn out to be, imagine this, lazy, incompetent and corrupt, and lose the case, again. But who cares, we’ll pop round to their mansion for a Johnny Blue or ten. ‘Tis the way of the ANC.

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