Rescue team estimates 3 or 4 days to rescue trapped miners at Orkney mine
Business
South african airways
SAA: Numsa, Sacca back Solidarity’s bid to stop Matuson appointment
Les Matuson was announced by government, as the man to lead the process, aimed at saving SAA from collapse due to financial difficulty.
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SAA appoints Les Matuson to lead business rescue process
Trade unions had given the board until Friday to provide an undertaking that they would not play a role in this appointment.
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FACTBOX: The struggles of the cash-strapped SAA
Here's a brief history of the airline which was on Wednesday ordered by President Cyril Ramaphosa to enter into voluntary business rescue.
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Involved parties give SAA’s business rescue move the green light
The meeting at the south Gauteng deputy judge president's chambers follows the confirmation on Wednesday night from the Presidency that SAA was to go into voluntary business rescue.
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DA welcomes move to place SAA under business rescue
An announcement is expected soon on the appointment of business practitioners to see through the arduous process.
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SAA to receive R2 billion lifeline
The airline's creditors will also provide an additional R2 billion as it begins the journey to restructuring its business and financial affairs from Thursday.
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SAA to be placed under 'urgent' business rescue
In a leaked report seen by Eyewitness News, Ramaphosa addresses ministers and deputy ministers to change Cabinet’s approach in addressing the dire situation the national airline finds itself in.
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Outa ‘confident’ delinquency case against Dudu Myeni will go ahead
The pressure group wanted Myeni to be declared a delinquent director to stop her from serving on other boards after SAA lost billions.
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Dudu Myeni sues Outa for R8m ‘for damaging her reputation’
Outa and Myeni are involved in a bitter battle in the Pretoria High Court.
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State capture to blame for state of SOEs: Parly's public enterprises committee
An oversight report published this week follows recent visits and inspections of the key SOEs like the South African Airways (SAA), Denel and Transnet.
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Court rules against Myeni bid to add other SAA directors to delinquency case
Dudu Myeni’s legal team brought the applications last week, saying her last lawyer did not advise her correctly.
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SAA to undergo radical restructuring - Gordhan
The minister said his department was locked in intense discussions with the embattled airline’s board and executive to secure a loan guarantee of at least R2 billion in order for the airline to continue trading.
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Hollard withdraws insolvency cover for SAA tickets
Hollard Group took the decision earlier this month after a crippling strike started at SAA and the airline warned it might not be able to pay salaries.
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Flight Centre SA is cutting ties with SAA: Here's why
This is the first time the group, which is said to be the country's largest travel specialist, has had to issue a stop-sell on the national carrier.
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Troubled SAA desperately needs cash injection
It’s up to Treasury and the Public Enterprises Department to decide on a lifeline for the airline which has managed to fly out of a recent strike but not out of its financial woes.
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SAA workers paid half of their November salaries - Numsa
The union said workers were assured that the rest of this month’s pay would be made on Monday.
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SAA management pulls out of Scopa meeting
SAA was on Wednesday evening expected to submit further information to Parliament’s finance watchdog on why it failed to submit its annual financial statements for two years.
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SAA gets parly tongue-lashing over decision to grant workers 5.9% increase
The National Assembly debated the matter on Tuesday following last week’s strike at the struggling airline. MPs also want government to put an end to SAA bailouts.
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Enough is enough! MPs want an end to SAA bailouts
The National Assembly held a debate of national importance to discuss the recent week-long strike at the struggling airline.
