Our debt-to-GDP ratio is growing, we're running a problematic current account deficit, state-owned companies are a drag on the economy and our bloated public service wage bill needs to be trimmed. We're running out of money, and fast.
Nico Bezuidenhout, who returns to low-cost airline Mango as CEO on October 1, tells Fin24 he wants to make an informed decision on the course of action going forward.
Mango's board has appointed Nico Bezuidenhout as permanent CEO with effect from October 1, 2019. Bezuidenhout was the founding CEO of Mango Airlines.
Fastjet is considering expanding in SA as CEO Nico Bezuidenhout evaluates growth opportunities for the unprofitable discount airline.
Fastjet’s new CEO Nico Bezuidenhout says he may replace the discount carrier’s planes with smaller ones and move its head office from London to an African city.
FastJet has hired Nico Bezuidenhout, the head of SAA's low-cost unit Mango, as CEO to help revive the UK discount airline.
The price war in the South African low cost airline industry will most likely continue until one or more of the current four carriers exit, says Mango CEO Nico Bezuidenhout.
South African Airways says that Nico Bezuidenhout, its acting chief executive officer, will stand down and return to the Mango low-cost arm.
South African Airways could not immediately confirm whether its chief strategy officer Barry Parsons had resigned from the airline and the airline's board of technical directors.
SAA chairperson Dudu Myeni has told chief financial officer Wolf Meyer and acting CEO Nico Bezuidenhout that she no longer trusts them, according to a report.
South African Airways could return to profitability within the next four years, but this year up to 700 of its staff could lose their jobs, reports Netwerk24.
The Black Management Forum condemns the appointment of Nico Bezuidenhout as CEO of state-owned low-cost airline Mango.
The DA is somewhat taken aback by an advert by SAA, which requests applicants for the position of chief commercial officer.
The leaked report on South African Airways' financial performance for the quarter to end-June appears to indicate underlying tensions between Mango and SAA management.
The DA says it will request the Competition Commission to launch a full-scale probe into alleged collusion between SAA and its low-cost subsidiary Mango Airlines.
SAA's head of maintenance is the seventh permanent or acting CEO in less than four years at the state company, which has been surviving on government-guaranteed loans.
SAA has appointed human resources manager Thuli Mpshe as acting chief executive officer and has started a process to recruit a permanent appointment to the post.
South African Airways chief strategy officer Barry Parsons has resigned, SAA spokesperson Tlali Tlali has confirmed.
Suggestions that there is mistrust at the top levels of South African Airways is an exaggeration of the greatest proportions, says SAA spokesperson Tlali Tlali.
SAA has denied reports that acting CEO Nico Bezuidenhout will be replaced by a new acting CEO soon.
South African Airways can return to profitability in the next 4 years, acting CEO Nico Bezuidenhout says.
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