Airline’s rescue strategy: Consultants earn more than GHC12 million in 6 months
- Two rescue practitioners in South Africa have been paid over R36 million in six months
- Les Matuson and Siviwe Dongwana were tasked with developing plans to revive the country's airline industry
- Matuson & Associates had been paid R22.2 million, while Dongwana's Adamantem had been paid just over R14 million
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Business rescue practitioners in South Africa have earned more than R36 million for the provision of a rescue strategy for the national airline.
YEN.com.gh understands that Les Matuson and Siviwe Dongwana raked in the amount in months after their appointment.
The minister of public enterprises, Pravin Gordhan, gave the details in a written reply to a parliamentary question from the EFF's deputy president Floyd Shivambu on Monday, June 8, 2020.
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The revelation comes at a time when the practitioners have placed a request for a fifth extension to release their business plan.
Per a report by Sunday Times, the request follows a petition by two of the biggest trade unions at the company.
As a result, creditors gave them up till Monday, June 15, 2020, to publish their final plan.
Information available shows that as of May 26, 2020, Matuson & Associates had been paid R22.2 million, while Dongwana's Adamantem had been paid just over R14 million.
According to Gordhan, the practitioners have been paid in accordance with the hours worked and the rate set down for them.
Meanwhile, South Africa has lifted its lockdown and is implementing measures to revive its economy.
Information available shows that its citizens have now returned to work, religious activities and work at mines and factories have all started.
President Cyril Ramaphosa was reportedly praised for COVID-19-related decisions but the country’s economy remains in a dire state and was reportedly close to recession before the outbreak of the virus.
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Source: YEN.com.gh
