Many young white people are encouraged by their parents to just “move on” with the business of the future, writes Adriaan Basson.
The South African Transport and Allied Workers Union has slammed what it claims is the "hands-off approach" of the Department of Public Enterprises regarding state-owned airline SA Express.
'Nobody is going to offer you anything for SAA now. You could pick it up for R1,' the minister of public enterprises told MPs.
Numsa suspects there is a secret plan to sell SAA "to someone waiting in the wings" and Fin24 tries to establish if this could indeed be the case.
If it takes job cuts to make SAA sustainable, the state-owned airline's highly regarded pilots could find alternative opportunities in a region like the Middle East, where there is a huge demand for pilots, says the chair of the SAA Pilots Association.
Should government interfere in the business rescue decisions by the duly appointed business rescue practitioners of embattled South African Airways or not?
The gap in supply left by SAA planning to cancel a number of routes and reduce some frequencies, could mean increased airfares for consumers, warns an aviation expert.
SAA is accelerating plans to reduce its wage bill and intends to implement deeper job cuts than previously announced, according to a labour union official.
The High Court in Johannesburg has reserved judgment in an application brought by a private logistics company for SA Express to be placed in business rescue over unpaid debt.
The struggling flag carrier this week cancelled a number of flights in an effort to save cash.
Getting South African Airways into fit-for-purpose shape would mean getting rid of its international business, claims a source with inside knowledge of the airline's operations and financial situation.
While Parliament’s Standing Committee on Public Accounts is "alive to the prevailing realities" at SAA, chairperson Mkhuleko Hlengwa says it is non-negotiable that the airline must hand over its financial statements.
Flight Centre has decided to start selling SAA tickets again as its preferred travel insurer reinstated travel supplier insolvency cover to the state-owned airline.
The tripartite alliance has backed President Cyril Ramaphosa in condemning the South African Airways business rescue practitioners' decision to cancel all domestic routes barring Johannesburg-Cape Town.
SAA's Business Rescue Practitioners announced this past week that it would cancel a raft of domestic air travel routes, eliciting a strong rejection from organised labour. On Friday afternoon President Cyril Ramaphosa said he also disagreed with the decision.
The SA Communist Party wants the recent plans announced by the SAA business rescue practitioners to be "rescinded as a matter of urgency".
As part of the quest to improve the liquidity of South African Airways, its business rescue practitioners are considering the potential sale of selected assets.
The Development Bank of Southern Africa's leadership tells Parliament the transaction falls within the scope of the bank's investment targets.
A former supplier of SA Express says the airline's financial position is worsened by the fact that one of its debtors, SAA is currently under business rescue.
A question frequently asked since South African Airways was placed into business rescue in December last year is what would happen if the embattled state-owned airline were liquidated.
SAA's decision to sell some of its aircraft has nothing to do with the voluntary business rescue process it is currently in, says the cash-strapped state-owned airline.
Western CapeOdwyer PersonnelR14 000.00 Per Month
R 2 630 000
R 2 395 000
R 2 495 000
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