Pilot association bolts to SAA CEO's defence

2018-12-12 21:17

The South African Airways Pilots’ Association credits South African Airways CEO Vuyani Jarana with addressing challenges at the carrier's technical and operations divisions.

#StateCaptureInquiry: 'It was shocking where SAA ended up under Gigaba' – Carolus

2018-11-29 22:01

Former SAA chairperson Cheryl Carolus has told the judicial commission of inquiry into state capture that it was "shocking" where SAA ended up under Malusi Gigaba as public enterprises minister.

Cheryl Carolus to testify at Zondo commission

2018-11-29 05:22

Former SAA chairperson Cheryl Carolus is expected to testify at the commission of inquiry into state capture chaired by Deputy Chief Justice Raymond Zondo.

SAA seeks to allay shutdown fears

2018-11-11 13:24

The cash-strapped national carrier has moved to assure customers and suppliers that it will not be 'shut down or sold'.

Ramaphosa: Selling SAA could collapse state coffers

2018-11-06 15:44

South African Airways (SAA) is so debt laden that selling it now would make its debt payable immediately and possibly collapse the fiscus, President Cyril Ramaphosa said.

Sell SAA, it won't fly – economist

2018-10-31 15:32

Members of Parliament heard that SAA is proving to be a dead weight on government finances and should be sold.

MTBPS: Business offers mixed reaction, praises Mboweni's honesty on state of affairs

2018-10-24 21:24

Business advocacy groups may have mixed reactions to Minister of Finance Tito Mboweni’s maiden medium term budget policy statement on Wednesday, but were in agreement that his brutal honesty about South Africa’s dire economic outlook was commendable.

SAA gets R5bn, told to restructure debt

2018-10-24 18:25

The National Treasury has allocated R5bn to help South African Airways repay debt, but says the state-owned airline will have to engage with creditors to restructure almost double that amount.

No holy cows as Mboweni says reconfigure fiscus-draining SOEs

2018-10-24 14:07

Finances of state-owned enterprises remain weak and they have to be reconfigured, said Finance Minister Tito Mboweni.

SAA blocks 2 suspicious passengers from boarding plane after recent mid-flight theft

2018-10-18 11:52

South African Airways has confirmed that two passengers have been denied entry to one of its flights, following a recent theft during a flight from Johannesburg to Hong Kong.


South Africans can't keep bailing out a broken airline

2018-12-01 10:00

In theory, it’s the South African government that supports SAA and bails it out in times of need. But in practice, it’s the country’s already struggling taxpayers who foot the bill, says Jannie Rossouw.

#StateCaptureInquiry: Gigaba's push for Jet Airways and SAA to collaborate was 'peculiar' – Carolus

2018-11-29 16:32

Former SAA chairperson Cheryl Carolus has described how the relationship between then minister of public enterprises Malusi Gigaba and the SAA board had deteriorated, adding that Gigaba was quite persistent to assist Jet Airways and SAA "find one another".

SAA needs R3.5 billion by March, says interim CFO

2018-11-27 11:45

The interim chief financial officer of SAA, Deon Fredericks, has told Parliament that the embattled national carrier has a procurement requirement of R3.5bn by March, and needs to find the money.

South African Airways is said to consider share sale for cash

2018-11-09 13:17

The cash-strapped carrier could sell shares to the public as it seeks ways to end years of losses and reduce the need for bailouts, according to people familiar with the matter.

DA, EFF differ on Tito Mboweni's messages on SAA, Reserve Bank

2018-11-02 18:54

The DA has hailed new Finance Minister Tito Mboweni's views on SAA, while the EFF has described them as "right wing and reactionary".

UPDATE: Booze and bogus invoices: How Transnet treasurer worked as inside man for private firm

2018-10-25 08:51

For at least six years, Phetolo Ramosebudi - former group treasurer at Airports Company South Africa, South African Airways and now at Transnet - was the 'inside man' for controversial financial services firm Regiments Capital.

Mboweni on Moyane, markets and 'sweating' through his budget

2018-10-24 19:29

From suspended SARS commissioner Tom Moyane to 'sweating through the budget', Finance Minister Tito Mboweni was all laughs in the post budget briefing.

Eskom turnaround plan expected within days - Mboweni

2018-10-24 14:28

Government will have a new turnaround strategy from the board of Eskom within days, says Finance Minister Tito Mboweni.

DA wants Mboweni to announce Moyane's axing in 'six pack' mini budget

2018-10-22 18:01

DA MP David Maynier has put forward a "six pack" of challenges for the Finance Minister to address in the mini budget.

DA's Mazzone lays charges against SOE accounting bosses

2018-10-17 21:01

Public Enterprises Minister Pravin Gordhan has acknowledged to Parliament that some of these entities battled with timeous submissions of their financial statements.

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