Rothschild's Kingston eyes role in state-owned enterprises

2019-03-25 19:28

Martin Kingston, who on April 1 steps down as CEO of Rothschild & Co.’s South African unit after 13 years, wants to help revive the country’s beleaguered state-owned companies.

Cops bust SAA pilot who was fired for flying with fake licence for 20 years

2019-03-11 19:23

A senior SAA pilot, who had been asked to resign earlier this year after it was found that he had flown commercial airplanes for more than 20 years with a fake licence, has been taken into custody, police say.

Senior SAA pilot fired for flying with fake licence for 20 years - report

2019-03-01 09:18

A senior pilot had to resign from SAA after it was discovered that he had flown commercial airplanes for more than 20 years with a fake licence, says a report.

SAA not splitting up, but plans to change operating model - spokesperson

2019-02-18 11:55

State-owned airline SAA will not be broken up into three separate entities, but does plan to change its operating model, its spokesperson Tlali Tlali has said.

Banks urge Ramaphosa to put politics aside in fixing state firms

2019-02-15 08:40

The Banking Association of South Africa has urged President Cyril Ramaphosa to prioritise the country’s wider interests rather than securing votes for the ANC.

Ramaphosa: We want direct SAA flight route to India back

2019-01-26 14:44

In 2015, the Gupta family influenced SAA into relinquishing its route to India to Indian airline Jet Airways.

Former NPA boss Vusi Pikoli joins SAA

2019-01-15 17:31

SAA appoints Vusi Pikoli as Chief Risk and Compliance Officer.

'Too good to be true' – DA red-flags R21bn private loan offer to SAA

2018-12-24 21:28

The DA says it will be writing to Finance Minister Tito Mboweni to urge him to put pressure on his Cabinet colleagues to carefully consider the proposed private loan.

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.

 

Mboweni warns of elevating 'state ownership to a religion'

2019-03-25 08:40

The finance minister says a discussion must begin on whether the government needs to retain control of all the assets it owns given the poor state of the national finances.

Aviation authority looks at how SAA pilot got away with flying with fake licence

2019-03-01 18:45

The South African Civil Aviation Authority says it is conducting its own investigation to establish the loopholes that allowed a senior pilot to fly commercial airplanes for more than 20 years when his licence was fake.

SAA needs an additional R4bn - Treasury

2019-02-20 14:22

SAA will require an additional R4bn for the 2019/20 financial year, the funding will be a mix of government guaranteed debt and recapitalisation, Treasury said.

Comair awarded R1.1bn in final competition settlement with SAA

2019-02-15 16:25

Comair has reached a final settlement with SAA regarding a case relating to SAA's incentive schemes for travel agents from 14 years ago.

5 state companies to watch in Budget 2019

2019-02-11 13:32

Treasury is likely to give an update on government's financial obligations to struggling state-owned enterprises, when it releases the Budget.

State capture inquiry hears that Dudu Myeni 'gave confidential NPA documents to Bosasa'

2019-01-16 11:29

Former SAA board chairperson Dudu Myeni allegedly handed confidential NPA documents to ex-Bosasa chief operations officer Angelo Agrizzi and Bosasa CEO Gavin Watson, it has emerged during the state capture inquiry.

SAA secures R3.5bn loan to keep operating until March

2019-01-08 13:32

The cash-strapped flag carrier says the loan is needed to keep it operating until the end of the financial year in March.

Embattled SAA gets unsolicited R21bn offer for 51% stake - report

2018-12-23 14:12

A consortium of local and international investors are waiting in the wings to loan billions of rands to embattled SAA - but their unsolicited offer comes with an equity share in the airline, according to City Press.

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".

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