It is ironic that coal fired power plants contribute to climate change which could result in the malfunctioning of the power plants, writes Melanie Verwoerd.
More sun than clouds. Mild.
In February the flag carrier, which is now in business rescue, agreed to pay Comair R1.1bn plus interest in a legal settlement deal.
The president, in his weekly newsletter, says the state will not allow state-owned entities to fail and would take 'all necessary steps – even drastic ones – to restore them to health'.
Former SAA CEO Vuyani Jarana and business rescue practitioner Cloete Murray should be engaged in the business rescue process of South African Airways, says the union Solidarity.
There is a high level of co-dependence across SA's aviation industry, with SAA playing a big role, says the Airlines Association of Southern Africa.
It seems the one thing government has become better at, is taking our money, says Ferial Haffajee.
Developments at SAA, the country’s withering national carrier, seem to be going according to plan for President Cyril Ramaphosa. The decision to put it under voluntary business rescue creates distance between the president and the inevitable trauma that surely lays ahead at one of the world’s oldest airlines.
Government will give SAA R2 billion - but it isn't a bailout
The majority of creditors of construction and engineering company Group Five, have voted in favour of the business rescue plan proposed by practitioners overseeing the process.
Group Five's external auditor PwC has resigned from the construction company, which is in business rescue.
Group Five's business rescuers say they secured the money to finish some projects, including the giant Temba water purification plant for Tshwane and a sewage pumping scheme for eThekwini.
Les Matuson managed the business rescue of Ellerines five years ago.
The National Union of Metalworkers of SA and SA Cabin Crew Association say the flag carrier's decision to file for voluntary business rescue on Thursday is "insincere" and an attempt to "retain control by the board".
South African Airways has gone into voluntary business rescue and has now appointed a business rescue practitioner.
The struggling airline says its board took the "considered and unanimous" decision to create a "better return for the company’s creditors and shareholders".
In theory, government now loses all say over SAA.
The Simonsvlei wine company, situated on the R101 near Paarl, has been placed in business rescue, industry body Vinpro confirmed to Fin24 on Friday.
Group Five's business rescue plan will be executed in two phases and potentially save 3 000 to 3 500 jobs - but a large number of retrenchments are still expected, say business rescue practitioners.
Group Five is seeking an extension for the publication date of its business rescue plan, as it insists that the process "remains on track".
Group Five's business-rescue controllers say there is no other way left to save the company other than to sell "a number of different assets" – fast.
Western CapePureVoiceR10 000.00 - R30 000.00 Per Month
Cape Town Southern SuburbsCape Town Environmental Education TrustR19 000.00 Per Month
R 6 100 000
R 4 490 000
R 4 850 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.