The SAA business rescue process concluded on April 30, 2021, subsequent to the filing of the Notice of substantial implementation of the Business Rescue Plan by SAA Business Rescue Practitioners. Meanwhile, the business rescue process for Mango is ongoing and being managed by the Mango Business Rescue Practitioners. Its finalization hinges upon the substantial implementation of the Business Rescue Plan and the filing of the Notice of substantial implementation with the CIPC by the Business Rescue Practitioner. We are awaiting further legal advice on how we conclude the Mango matter.
The divestiture process involving Takatso Aviation (Pty) Ltd's minority shareholders was overseen by Takatso itself, rather than the Department of Public Enterprises. However, following the recent termination of the SEP transaction by the Parties, there is no longer a requirement to fulfil this condition.