CEO INTERVIEW: How sick is SAA – and what will it cost to fix it?

2018-04-19 06:15

Magazine editor Guy Leitch has managed to get hard-running SAA CEO Vuyani Jarana to make time for a detailed discussion of his plans for the state carrier.

Solidarity wants court to place SAA under business rescue

2018-04-08 15:00

The union says it will approach the courts 'in due course' to have the national carrier placed under business rescue, which must be wholly or partly privatised to remain in business.

SAA makes losses as it battles cut-throat competition

2018-03-27 18:22

SAA reported lower revenues as it lost market share to international players, said CEO Vuyani Jarana.

'Thank you Mr President for taking a commercial flight' - Twitter reacts to Ramaphosa flying SAA

2018-03-20 16:59

President Cyril Ramaphosa has thanked the country's national airline SAA for their "hospitality" on a flight to Rwanda, while Twitter thanked the president for "leading by example".

SAA taking urgent steps to address issues raised by AG - CEO

2018-03-13 19:04

While the Free Market Foundation calls on SAA to be liquidated, the state-owned airline's CEO explains why he is optimistic about the future.

SAA as going concern doubtful – AG report

2018-03-08 17:55

In a report submitted to Parliament, Auditor General Kimi Makwetu has flagged SAA's ability to continue as an ongoing concern.

Why hike VAT but let SAA drain billions, asks FMF

2018-02-28 16:50

The tax revenue the 1% increase in VAT to 15% will raise is similar to the accumulated losses of SAA from 2012 to 2018, says the Free Market Foundation.

SAA results to be released end April, as AG grapples with technical matters

2018-02-23 16:41

According to National Treasury, SAA and the auditor general are currently finalising "technical accounting matters" and will release the airline's results at the end of April.

Govt sticking to recapitalisation programme for SAA - Gigaba

2018-02-21 14:11

Government will continue working with South African Airways' new board and its lenders to strengthen the airline and won't divert from its recapitalisation plan, says Finance Minister Malusi Gigaba.

SOE board members must shape up or ship out, says Brown

2018-01-30 13:46

Public Enterprises Minister Lynne Brown says if board members of state-owned enterprises don't perform, the boards will be rotated.

 

Union heading to court to apply for SAA business rescue

2018-04-12 14:56

Trade union Solidarity intends to apply to the High Court to have embattled state-owned airline South African Airways placed in business rescue.

SAA finally posts financial results, reports R5.6bn loss

2018-03-29 17:04

Finance Minister Nhlanhla Nene says reducing debt is one of the key elements required to turn around SAA, as the ailing national airline posted a loss of R5.67bn for the year ended March 2017.

Lack of skills a risk to SAA's turnaround plan, warns CEO Jarana

2018-03-27 14:20

The lack of capacity and skills at executive level at SAA is a risk to the airline’s three-year turnaround plan, said CEO Vuyani Jarana.

SAA to scale back in 3-year break-even bid

2018-03-13 21:05

South African Airways is striving to return to profit in three years by reducing the size of the network and transferring planes to its low-cost carrier as CEO Vuyani Jarana embarks on a recovery plan.

Dudu Myeni’s late-night hotel rendezvous after Parliament no-show

2018-03-11 06:00

Former SAA board chairperson Dudu Myeni was too ill to testify before the Parliamentary inquiry into Eskom, saying she was unable to fly to Cape Town owing to health problems, but was spotted having a late-night meeting that same day.

Gordhan vows to reverse state capture tide, revive SOEs

2018-03-06 13:48

New Public Enterprises Minister Pravin Gordhan says his immediate focus will be on revitalising SOEs and reversing the tide of state capture that has gripped key sectors of the economy.

Myeni apologises by SMS for no show at Eskom Inquiry

2018-02-28 10:38

Former SAA board chair Dudu Myeni has failed to arrive to give evidence at the Eskom Inquiry.

SAA financial result delay a huge concern - opposition

2018-02-22 19:41

South Africa Airways again failed to table its 2016/17 annual financial statements and has still not held its annual general meeting.

Public servants union gives Gigaba Monday ultimatum on PIC demands

2018-02-09 07:18

The Public Servants Association says it is determined to “liberate” the Public Investment Corporation from the “clutches of determined looters”.

SAA competitors could benefit from shift of flights to Mango - expert

2018-01-18 07:00

SAA's decision to shift a number of its flights to low-cost subsidiary Mango, could benefit the state-owned airline's competitors, says an aviation expert.

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