HOT TOPICS
ARTICLES RELATING TO BAILOUT

Forget about equity partner for SAA - analyst

2017-11-17 15:32

Forget about finding an equity partner for South African Airways for the time being, strategy consultant Thabang Motsohi has told Parliament.

Ramaphosa on SAA: Wait for mini budget for more info

2017-10-19 22:00

Deputy President Cyril Ramaphosa has asked members of Parliament to be patient and wait for the medium term budget policy statement to hear how government plans to inject capital into South African Airways.

Gigaba urged to clarify how much money SAA will get

2017-10-13 15:22

Finance Minister Malusi Gigaba should urgently clarify the exact amount of equity he intends to inject into cash-strapped South African Airways, the Democratic Alliance says.

Local banks demand R5bn from SAA, unless Gigaba gives another bailout

2017-10-13 08:00

More creditors are breathing down SAA's neck - this time local banks which demand payment at the end of October, unless Finance Minister Gigaba gives the airline a bailout in his mini-budget.

SAA bailout hikes pressure on fiscus

2017-10-01 06:00

The airline is just one of many SOEs that need and will need cash from Treasury to shore up their finances.

SAA's R1.8bn Saturday debt deadline nears

2017-09-27 17:14

Cabinet is currently meeting to try and hash out where the state-owned airline will get the R1.8bn it needs to pay Citibank by Saturday.

SAA has only itself to blame for investors' loss of confidence - DA

2017-08-25 14:40

Alleged claims by Finance Minister Malusi Gigaba that the DA’s revelations about an SAA bailout have tanked negotiations are grossly misleading, says the party.

Govt urged to sell loss-making SAA

2017-08-25 10:56

Government should get out of the commercial airline space and sell the loss-making South African Airways, says the Cape Chamber of Commerce and Industry.

SAA misled Parliament about liquidity problems - DA

2017-07-25 14:34

It seems SAA did not play open cards with Parliament about the full extent of its financial crisis, judging from a reply to a parliamentary question by Finance Minister Malusi Gigaba.

Mystery of Eskom's money

2017-07-18 07:50

The clock is ticking for scandal-infested Eskom as it readies to release its financial results amid confusion around the state firm’s true financial solvency.

 

Gigaba was forced to change SAA board - economist

2017-10-23 10:41

South African Airways would not have had a new board if it wasn’t for the pressure lenders applied on the Finance Minister Malusi Gigaba, says economist Iraj Abedian.

ANC's Carrim hits back at claims of 'illegal' SAA bailout

2017-10-18 21:10

An opinion obtained from a senior Parliamentary legal adviser does not conclude that Finance Minister Malusi Gigaba’s R3bn bailout of South African Airways was definitely unlawful, the ANC's Yunus Carrim has argued.

Mkhwebane seeks delay in Bankorp review - report

2017-10-13 13:47

Public Protector Busisiwe Mkhwebane has requested that a review of the Bankorp-CIEX report be postponed.

Parliament to get legal opinion on legitimacy of SAA bailout

2017-10-03 17:24

Yunus Carrim, chairperson of Parliament's oversight committee on finance, has asked for a legal opinion on Treasury's R3bn bailout of SAA following a request by the DA.

Sell off 'alcoholic' SAA and fire Myeni, Maimane tells Gigaba

2017-09-28 17:28

As SAA's R1.8bn debt repayment deadlines nears, the DA called on SAA chair Dudu Myeni to immediately step down, and the Public Protector to investigate Myeni's role in the national carrier's "institutional decay"

Unions vow to protect workers' pensions as Gigaba meets PIC board

2017-09-26 14:00

The labour movement says it will keep an eagle eye on Finance Minister Malusi Gigaba's meeting with the Public Investment Corporation board to to safeguard workers' pension funds.

Gigaba lashes out against ‘hysteria’ over SAA bailout

2017-08-25 14:35

Finance Minister Malusi Gigaba has spoken out against the hysteria that has been created around the options government is considering to recapitalise SAA.

Recapitalising SAA offers only 'temporary' relief - Gigaba memo

2017-08-24 15:37

Recapitalising SAA will only temporarily solve the airline’s low cash reserves, says Finance Minister Malusi Gigaba.

Brown holds Eskom bailout cards close to her chest

2017-07-19 06:00

Public Enterprises Minister Lynne Brown is keeping her Eskom cards close to her chest ahead of the state utility's financial results announcement.

Could SAA’s bailout be R4.6bn?

2017-07-09 06:00

National Treasury’s bailout of SAA could actually have amounted to R4.6bn, rather than R2.3 bn, if the government guarantee had not been reduced by R2.3bn.

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