20°C / 22°C
  • Fri
  • 33°C
  • 14°C
  • Sat
  • 32°C
  • 16°C
  • Sun
  • 33°C
  • 16°C
  • Mon
  • 33°C
  • 20°C
  • Tue
  • 32°C
  • 17°C
  • Wed
  • 26°C
  • 15°C
  • Fri
  • 24°C
  • 15°C
  • Sat
  • 22°C
  • 15°C
  • Sun
  • 22°C
  • 14°C
  • Mon
  • 19°C
  • 13°C
  • Tue
  • 19°C
  • 11°C
  • Wed
  • 18°C
  • 11°C
  • Fri
  • 34°C
  • 16°C
  • Sat
  • 34°C
  • 18°C
  • Sun
  • 35°C
  • 18°C
  • Mon
  • 36°C
  • 19°C
  • Tue
  • 35°C
  • 19°C
  • Wed
  • 27°C
  • 17°C
  • Fri
  • 34°C
  • 17°C
  • Sat
  • 34°C
  • 17°C
  • Sun
  • 35°C
  • 18°C
  • Mon
  • 35°C
  • 16°C
  • Tue
  • 35°C
  • 15°C
  • Wed
  • 31°C
  • 18°C
  • Fri
  • 25°C
  • 18°C
  • Sat
  • 26°C
  • 19°C
  • Sun
  • 26°C
  • 21°C
  • Mon
  • 22°C
  • 17°C
  • Tue
  • 19°C
  • 16°C
  • Wed
  • 25°C
  • 18°C
  • Fri
  • 21°C
  • 16°C
  • Sat
  • 21°C
  • 16°C
  • Sun
  • 21°C
  • 16°C
  • Mon
  • 18°C
  • 14°C
  • Tue
  • 18°C
  • 12°C
  • Wed
  • 17°C
  • 12°C
  • Fri
  • 28°C
  • 14°C
  • Sat
  • 26°C
  • 14°C
  • Sun
  • 25°C
  • 13°C
  • Mon
  • 19°C
  • 9°C
  • Tue
  • 21°C
  • 8°C
  • Wed
  • 18°C
  • 9°C
  • Fri
  • 24°C
  • 15°C
  • Sat
  • 22°C
  • 15°C
  • Sun
  • 20°C
  • 14°C
  • Mon
  • 16°C
  • 11°C
  • Tue
  • 18°C
  • 10°C
  • Wed
  • 16°C
  • 11°C
  • Fri
  • 36°C
  • 18°C
  • Sat
  • 36°C
  • 19°C
  • Sun
  • 36°C
  • 18°C
  • Mon
  • 38°C
  • 20°C
  • Tue
  • 37°C
  • 21°C
  • Wed
  • 32°C
  • 19°C
  • Fri
  • 34°C
  • 17°C
  • Sat
  • 33°C
  • 17°C
  • Sun
  • 34°C
  • 16°C
  • Mon
  • 32°C
  • 16°C
  • Tue
  • 30°C
  • 13°C
  • Wed
  • 27°C
  • 12°C
  • Fri
  • 32°C
  • 11°C
  • Sat
  • 33°C
  • 13°C
  • Sun
  • 35°C
  • 14°C
  • Mon
  • 37°C
  • 16°C
  • Tue
  • 25°C
  • 17°C
  • Wed
  • 32°C
  • 16°C
  • Fri
  • 22°C
  • 15°C
  • Sat
  • 21°C
  • 14°C
  • Sun
  • 21°C
  • 14°C
  • Mon
  • 16°C
  • 11°C
  • Tue
  • 17°C
  • 11°C
  • Wed
  • 16°C
  • 10°C

SAA refutes claims of BNP Capital funding debacle

South African Airways is standing by its decision to appoint the firm.

South African Airways plane. Picture: Facebook.

JOHANNESBURG - The South African Airways (SAA) says claims that it is planning to pay BNP Capital R256 million for finding R15 billion worth of financing are not accurate and that the figures displayed in the media are incorrect.

The airline is standing by its decision to appoint the firm, despite a claim from SAA Treasurer Cynthia Stimpel that BNP Capital was being paid more than four times the going rate for such services.

SAA has also denied that Stimpel was suspended because she objected to the decision.

Business Day says it's seen the email from Stimpel in which she says SAA would be over-paying BNP Capital by agreeing to give it R256 million.

But SAA spokesperson, Tlali Tlali, says the financial information that's been reported here is wrong.

"We've information which suggests differently. The figure that's been handed out there in the media indicates that the cost is calculated at a particular rate, which is not an accurate one."

He also says it wasn't the board of SAA that suspended Stimpel but the airline's management team.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus