The South African government, warning of a potential “uncontrolled implosion” at its national airline, has ordered South African Airways into a business rescue plan to avoid the risk of complete liquidation.
During October, Canadians filed the highest number of personal insolvencies in a decade, the latest sign that households are struggling to cope with elevated debt loads. There were 13,200 consumer insolvencies
Passengers board a South African Airways plane at the Port Elizabeth International Airport in the Eastern Cape province, South Africa, September 30, 2018. REUTERS/Siphiwe Sibeko/File Photo JOHANNESBURG