The President took charge of the crisis, showed the authoritarians in Cabinet that he's still the boss, writes Adriaan Basson.
Showers early. More sun than clouds. Cool.
The director of BnP Capital has been quizzed about the suspension of the company’s licence by the Financial Services Board in a development that could have impacted its contract with SAA.
A transaction advisor to SAA - BnP Capital - tried to score a cancellation fee of R49.9m by making false representations of costs incurred, the state capture inquiry heard.
Civil society group Outa has laid criminal charges against the director of BnP Capital over the SAA deal.
Outa plans to lodge a series of acts of misconduct against Yakhe Kwinana, who resigned from the SAA board, which they believe will prove her a delinquent director.
South African Airways has decided to terminate the services of BnP Capital as a financial services provider to the airline.
See the Outa presentation regarding BnP Capital's contract with SAA.
The judicial commission of inquiry into state capture has heard from a former SAA executive about how she was advised by then board chair Dudu Myeni to interact with her "personal advisor".
The former CEO of BnP Capital has agreed to hand over documents relating to a deal with SAA, says OUTA.
SAA says it is testing the market's appetite with its request for R16bn in funding after it terminated BnP Capital's mandate to source funds and to consolidate debt.
The decision by SAA to terminate the services of BnP Capital as a financial services provider is a victory for whistleblowers, says a civil rights body.
SAA should cancel the BnP Capital deal and not simply put it on ice, says the Organisation Undoing Tax Abuse.
Outa has demanded that the SAA board refrain from signing any agreement with BnP Capital for the sourcing of funds or make any payment to them for sourcing funds.
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