Entrepreneurs can use SAA’s woes to take off – and SA needs them
If staff snap up retrenchment packages, business opportunities arise, say leading litigation experts
SAA clearly cannot survive in its current form; a well-documented scenario with several calls for restructuring, refinancing, remodelling and retrenchments. However, there has been much less noise about this national problem being turned into an entrepreneurial opportunity.
Predictably, while much pain is likely to be associated with any of the reconfiguration proposals, some individuals are likely to view the scenario unfolding at SAA as an opportunity.
Several experts have noted that employees who are not retained or taken over during these restructuring plans at SAA would be retrenched. Indeed, leading litigation experts believe the majority of staff would “snap up an offer of a year’s package and retraining”. Herein lies the entrepreneurial opportunity...