The liquidators of South African Express expected to wind up the failed state owned carrier estate by April 2026 nearly six years after it entered provisional liquidation.
They awaited the sale of its brand for 7,950 EUR and the settlement of outstanding employee payments.
Joint liquidator Aviwe Ndyamara briefed the South African parliament Select Committee on Public Petitions and Executive Undertakings on 24 February that the estate was substantially wound up.
The South Gauteng High Court granted a final liquidation order in September 2022 more than two years after the airline entered provisional liquidation on 28 April 2020.
Liquidators worked with the former Department of Public Enterprises to preserve value for creditors and left about 196,100 EUR in free residue for distribution to creditors.
Aviwe Ndyamara shared “We have now finalised and almost concluded 90 percent of the administration. We lodged the first and final liquidation and distribution account with the Master of the High Court in 2025.”
Ofentse Mokae shared “South African Express was an entity of the state, and this situation is deeply concerning. While relevant departments were involved, their lack of urgency in resolving the challenges faced by affected workers leaves much to be desired.”
