#SAA update: The Business rescue practitioners say they are pleased to advise that the payment of Cabin Crew and Ground Staff employees who took Voluntary Severance packages at the end of August 2020 were paid their Part 1 of their packages on Friday 12 February 2021.
The payment follows the receipt of a further tranche of R5 billion from the Department of Public Enterprises on 12 Feb, which has further allowed the BRPs to confirm the second payment on 19 February. Since Friday 12 February, the BRPs have received a total of R7.8 billion. #SAA
The #SAA BRPs say that Part 1 of the VSP payment in respect of Management, Specialists and Pilots who took VSPs shall be made on 17 February 2021 and Part 2 on 19 February 2021.
#SAA BRPs made Tranche 4 payments to 164 individuals who accepted the 3- month salary settlement agreement and 13th cheque payment to 53 Non-VSP employees. A total of 82% of employees have been paid in terms of the settlement agreement.
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