Treasury said to ask PIC for R100bn for state-owned enterprises

2017-09-22 19:47

National Treasury is pressuring the Public Investment Corporation to provide as much as R100bn to fund struggling state-owned enterprises, according to two people with knowledge of the situation.

PSA adds voice to concerns over use of PIC funds to bail out SAA

2017-09-22 11:52

The Public Servants Association has become the latest union to express concern over the possibility that the government could use workers' pension funds to bail out South African Airways.

SAA bailout scramble: Why the rush, asks FMF

2017-09-21 17:52

Could protecting SOE debt of about R434.1bn be the reason for government's urgency to try and bail out SAA yet again, asks the Free Market Foundation.

Steven Friedman: SOEs shouldn't be used as pawns in SA politics

2017-09-19 07:36

Privatisation talk in South Africa shows how state owned enterprises are being used as tools for enrichment by the connected and less as key elements of development, says Prof Steven Friedman.

An end to impunity at SAA

2017-09-17 06:00

Dudu Myeni says the flailing national airline is seen by the public as an ‘alcoholic’.

Gigaba must review Myeni’s reappointment at SAA, committee resolves

2017-09-13 18:48

Finance Minister Malusi Gigaba must review the reappointment of SAA chairperson Dudu Myeni, parliament’s standing committee of finance has requested.

SA must sober up to save itself from sickly state-owned enterprises

2017-09-12 07:20

There is no good case for bailing out South African Airways, it's simply a matter of avoiding a potentially catastrophic debt default, explains Seán Mfundza Muller.

Dudu Myeni vows to stay at SAA 'until ubaba goes'

2017-09-03 06:00

Despite her term having ended on August 31, the airline’s controversial board chair has been enabled to stay on.

Public Protector concerned about intimidation of whistleblowers at SAA

2017-09-01 21:12

Public Protector Busisiwe Mkhwebane has expressed concern over allegations that South African Airways was trying to intimidate employees who disclosed information about alleged corruption to her office.

Zuma takes questions on Muthambi, Motsoeneng and SAA

2017-08-31 20:52

President Jacob Zuma didn’t answer why he is “always associated with incompetent and corrupt characters” like former Communications Minister Faith Muthambi and former SABC COO Hlaudi Motsoeneng.


Starting date for new SAA CEO finally set

2017-09-22 14:47

Following the conclusion of negotiations on a release date of its new CEO Vuyani Jarana by his current employer, SAA is now able to say when he will actually start.

Gigaba says SAA's Myeni's contract is legal

2017-09-22 10:53

Finance Minister Malusi Gigaba has told Parliament’s standing committee on finance that South African Airways chairperson Dudu Myeni’s extended contract is legal.

SAA still negotiating with Vodacom to release new CEO Vuyani Jarana

2017-09-21 13:22

SAA is still in negotiations with Vodacom over its contract with the state-owned airline’s newly appointed chief executive Vuyani Jarana.

SAA 23% flight cut decision faces headwinds

2017-09-17 20:00

SAA’s decision to implement a turnaround strategy, which involves cutting flights has come under fire from the National Union of Metalworkers of South Africa.

SAA board in a pickle as Myeni’s term extension deemed illegal

2017-09-16 10:35

The confirmation by the Companies and Intellectual Property Commission that SAA chair Dudu Myeni’s extended term was illegitimate means any board decisions taken since September 1 should be viewed as irregular, the DA has said.

Myeni’s successor up to Cabinet – Ramaphosa

2017-09-13 18:27

It is up to Cabinet to decide who will be the new chairperson of the South African Airways board, says Deputy President Cyril Ramaphosa.

Jury’s still out on saving SAA

2017-09-10 06:00

A top official at the Government Employees’ Pension Fund (GEPF) this week kept ajar the possibility of the entity investing in bankrupt national carrier SAA, which is clamouring for a bailout.

Numsa welcomes Public Protector investigation into SAA

2017-09-02 10:41

The National Union of Metalworkers of South Africa (Numsa) has welcomed the Public Protectors decision to investigate maladministration, corruption and tender irregularities at South Africa Airways.

SAA CEO-elect to woo banks as first priority

2017-09-01 09:07

CEO-elect of South African Airways Vuyani Jarana is making his first priority convincing banks that new leadership is committed to stemming five straight years of losses.

Don't panic, we are not funding SAA - GEPF

2017-08-30 18:58

The GEPF has assured its members, pensioners and beneficiaries that it has not received any proposal to help fund South African Airways.

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