ARTICLES RELATING TO SAA

Rating South Africa’s creditworthiness: Nothing but the facts?

2017-04-19 19:21

The track record of major rating agencies may warrant a healthy level of scepticism but their job is not an easy one, says Dr Stephen Labson.

SAA's losses balloon to R4.5bn

2017-03-27 19:33

SAA’s losses have escalated once more - to R4.5bn. This is R1bn higher than reported just ten days ago, the national carrier's latest income statement to parliament reveals.

Leadership void and losses plague these state companies

2017-03-24 07:05

Key state companies and agencies that play a pivotal role in driving the SA economy and distributing essential services are in disarray.

SAA will continue to lease aircraft, says board

2017-03-20 14:20

The SAA board says the national carrier will continue to lease aircraft in the foreseeable future as it is “simply not in a position” to buy them.

REVEALED: SAA bleeding billions more than first reported

2017-03-17 13:21

SAA has revised its budgeted loss forecast for 2016/17 to R3.5bn from an earlier estimate of R1.7bn, documents sent to Parliamentarians reveal.

Myeni’s ‘highest order’ delinquency is killing SAA

2017-03-12 06:07

The crisis at SAA has reached a “tipping point” threatening its survival, hence the application to have chair Dudu Myeni declared a delinquent director, says pilots’ association chair Jimmy Conroy.

6 reasons listed why court must declare SAA's Dudu Myeni delinquent

2017-03-08 15:04

Civil rights body OUTA and the SAA Pilot’s Association have outlined in court papers six allegations related to botched deals and other governance issues against Dudu Myeni.

SAA's civil damages burden piles up - lawyer

2017-03-08 06:03

Fines by competition authorities and civil claim awards can result in financial and credibility ‘poverty’ for organisations, such as the R1.16bn fine SAA has received.

I didn't join govt to make money - Ramaphosa on SAA claims

2017-03-01 20:00

Deputy President Cyril Ramaphosa has rejected allegations by the ANC Youth League that he is doing business with SAA as "a lie and a fabrication".

SAA merger still on the cards as consultants finalise review

2017-02-22 15:17

The merger of SAA with South African Express, and the introduction of a strategic equity partner are still being considered, National Treasury says in its 2017 Budget Review.

 

Public enterprises played a big part in South Africa’s credit ratings downgrade

2017-04-05 13:27

S&P's main worry is that plans to improve the underlying financial positions of parastatals may not be fully implemented, writes Stephen Labson.

Pravin Gordhan: Competent, ethical people must run state firms

2017-03-24 14:04

Finance Minister Pravin Gordhan says competent people with the right ethical behaviour are needed to run public institutions.

Letter from Gordhan: SAA to get new CEO soon

2017-03-23 19:37

The process of appointing a new chief executive officer for SA Airways is expected to be finalised in a matter of days, states a letter from Finance Minister Pravin Gordhan.

Myeni is puzzled why SAA execs are sitting on draft action plan

2017-03-20 07:21

SAA chair Dudu Myeni has questioned why her executives are not finalising and acting on a plan to respond to a damning 2015 forensics report into procurement and contracting.

SOEs becoming 'piggybanks of politicians' - Save SA

2017-03-13 12:28

The crisis in state-owned companies has resulted in a call by Save South Africa for a judicial commission of inquiry to expose poor governance and reckless leadership.

Support grows for legal action against SAA's Dudu Myeni

2017-03-10 12:58

The Federation of Unions of South Africa has thrown its weight behind a push to have SAA chairperson Dudu Myeni declared a delinquent director.

OUTA turns to court to declare SAA's Dudu Myeni 'delinquent'

2017-03-08 11:03

OUTA and the South African Airways Pilots Association have filed a court application seeking to declare SAA chairperson Dudu Myeni a "delinquent director".

SAA investigations top R21m in 4-year period

2017-03-06 22:07

Between the period 2013 and 2016 SA Airways have spent more than R21m on forensic and internal investigations, according to Finance Minister Pravin Gordhan.

First it was Pravin, now the Hawks gun for Jonas

2017-02-26 06:10

Investigating unit is probing alleged corruption by the deputy finance minister in a deal involving SAA’s maintenance unit.

SAA set to receive another cash injection

2017-02-22 15:07

Loss-making national airline South African Airways will need to receive another cash injection, says Treasury.

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