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Minister of Public Enterprises Pravin Gordhan announced on Thursday that South African Airways board chair JB Magwaza had resigned from the embattled national carrier for personal reasons.
SAA CEO Vuyani Jarana told Parliament that SAA is struggling with a weak balance sheet and burdensome debt.
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.
It could be time for South African Airways to talk to the minister of transport about reviewing the open skies policy in South Africa, says the ANC's Pinky Kekana.
The most pressing issue for SAA is to be recapitalised, even while the appointment of a new chairperson and six board members has been welcomed.
The SAA board held a briefing on Friday to outline the way forward for the national carrier following the resignation of its CEO Vuyani Jarana last week. Here are 5 things you need to know.
SAA reported lower revenues as it lost market share to international players, said CEO Vuyani Jarana.
Expect forensic investigations at SAA and consequences if foul play is uncovered, new board chair JB Magwaza has assured Parliament's standing committee on finance.
Finance Minister Malusi Gigaba says cash-strapped South African Airways is still searching for a strategic equity partner.
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