South african airways saa
Gordhan offered Takatso consortium ‘freebie’ majority stake in SAA – DA
DA standing committee on public accounts member Alf Lees has criticized the deal saying the consortium doesn't even have the funds to honour the deal.
-
Numsa, Sacca accuse DPE of not being transparent over SAA equity partner
On Friday morning, Public Enterprises Minister Pravin Gordhan announced the sale of 51% of the national carrier to Takatso Consortium.
-
SAA might take off in July, says interim CEO Kgokolo
The struggling airline management said it would be ready to take to the skies if there aren't any disruptions from the raging pandemic and airline staff.
-
DA wants Scopa to summon new SAA CEO Thomas Kgokolo
Thomas Kgokolo was appointed to the position on Wednesday night but the official opposition is not happy about the appointment.
-
Outa wants delinquency order against Myeni to remain in effect
It was earlier ordered that Dudu Myeni immediately vacate all directorships she holds, but she said this will have a negative impact on her finances.
-
Fearing incrimination, Myeni again refuses to answer questions at Zondo Inquiry
She's declined to comment on a letter by six SAA board members who raised concern about her conduct, her disregard for fiduciary duties, and recklessness.
-
WATCH LIVE: Ex-board member Kwinana grilled on SAA contracts at Zondo Inquiry
Former SAA Technical board chair and SAA board member Yakhe Kwinana resumes her testimony at the Zondo commission into state capture where she is being questioned on matters to contracts during her time on the SAA board.
-
Ex-SAA board member Kwinana tells Zondo she didn't know she approved R1bn deal
Evidence before the state capture commission showed that Swissport was opposed to a 30% BEE deal that would see it losing R90 million of its annual earnings from SAA.
-
Mboweni: SAA funding the fulfillment of an obligation as SAA’s shareholder
SAA is not the only state-owned enterprise (SOE) that will get funds from the fiscus. Various SOEs will be funded to the tune of more than R20 billion over the next few years.
-
Govt received more than 10 offers for SAA & subsidiaries – DPE
SAA said that it had received offers from investors, private sector funders and future partners who wanted to kick-start the restructured airline.
-
Government in talks with private entities interested in SAA – report
It was unclear who the potential entities were who had shown interest in the troubled national airline.
-
Public Enterprises Dept says it’s close to finalising SAA’s rescue plan
The DPE said all conditions for the business plan were met and implemented, and it was now in the final stages to complete the process.
-
Govt calls on creditors, other stakeholders to vote for SAA’s rescue plan
In a statement on Wednesday, the Department of Public Enterprises said that backing the plan by the BRPs would result in a better return for all parties compared to liquidation.
-
Can SAA raise enough cash from assets sale to pay off its debts?
SAA's business rescue practitioners are under pressure to raise enough money to pay severance packages to the national carrier’s 4,708 employees.
-
Dudu Myeni: White men didn’t want to be led by an African woman
Myeni was testifying in her delinquency case on Thursday brought against her by the Outa and SAAPA.
-
Myeni denies making unilateral decisions as SAA board chair
Former South African Airways board chair Dudu Myeni on Thursday denied that during her tenure at the airline, she would frequently give instructions to the entity's executives and the board.
-
Myeni denies Zuma involved in her appointment as SAA board chair
Former SAA board chairperson Dudu Myeni testified in her delinquency case brought by the Organisation Undoing Tax Abuse (Outa) and the South African Airways Pilots' Association.
-
UPDATE: Dudu Myeni arrives at court to testify in SAA delinquency case
Former South African Airways (SAA) board chairperson Dudu Meyeni has failed to attend proceedings, saying that she did not have the financial means to do so.
-
Some SAA officials quit because of intrusive SSA vetting, Zondo Inquiry told
The vetting process came into focus in 2016 when some senior managers complained that the information they had provided was being used against them.
