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Numsa, Sacca threaten legal action to stop liquidation of SAA
The unions say they are exploring their legal option to stop the liquidation of troubled the national airline and SA Express, following the Finance Minister's statement that there will be no more bailouts for SAA.
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Treasury: 'No further action' to bailout SAA
The South African government wants creditors to back a restructuring plan for SAA but did not allocate new bailouts for the loss-making state airline in an emergency budget last week.
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Take SAA's severance packages or risk it with liquidation, dept to unions
The department said it had given everything it could to the voluntary severance packages and would not consider the union’s demands, which it called unreasonable.
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DPE favours business rescue plan over liquidation for SAA
In a statement on Thursday morning, the Department of Public Enterprises stresses that if SAA was to be liquidated, it would potentially lead to even more financial implications for employees.
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SAA BRPs tell court to lift interdict on retrenchments as plan not published
The practitioners said that due to a lack of cash flow for SAA and with no cash injection coming from government or potential investors, the whole rescue process would fail.
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DPE: Postponement of creditors meeting may scare away potential SAA investors
The department announced on Sunday that it was pulling out of the leadership consultative forum established to find a way to work with unions to try to save the embattled airline.
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Land Bank to get R3bn injection from tabled supplementary Budget
Finance Minister Tito Mboweni on Wednesday tabled a supplementary Budget as a response to the COVID-19 pandemic.
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Court dismisses SA Airlink bid to halt vote on SAA rescue plan
SA Airlink brought the matter to the court on an urgent basis ahead of the business rescue practitioners, creditors and others who were expected to meet on Thursday.
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WATCH LIVE: Patel and Gordhan answer questions in Parly
Minister of Trade and Industry Minister Ebrahim Patel and Minister of Public Enterprises Pravin Gordhan are answering questions Parliament on Tuesday.
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Hold the line on SAA & prioritise COVID-19 fight, DA to Mboweni
South Africa, now on level three, has one of the longest lockdowns in the world and the impact has been devastating with thousands of people losing their jobs as businesses crumble under financial pressure
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SAA administrators propose restructuring plan that will cost govt R10bn
They also expected voluntary severance agreements to be reached with staff and hope to retain one thousand jobs under new conditions of employment.
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30 S.Africans stranded in Germany after being told SAA flight can't take all
Thirty South Africans were left stranded at the Frankfurt Airport after they were told an SAA flight, which apparently had a problwem with its door, could not accommodate all of them.
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Unions at SAA to use extension to submit improvements on rescue plan
The unions said the plan as is lacked substance and needs to be tested by the labour sector.
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SAA administrators seek another rescue plan delay after unions object
The rescue plan for SAA, which has not made a profit since 2011, has been repeatedly pushed back amid fierce wrangling over the airline’s future.
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ANC alliance partners call on govt to finance SAA’s rescue plan
The governing party and its alliance partners – the SACP and the Cosatu - said they would want to see a new viable and growing national airline.
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No decisions taken on SAA draft rescue plan, says DPE
There were reports earlier that government has agreed to fund a restructuring of the state-owned airline if a business rescue plan is adopted.
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Flight mode on: Govt agrees to fund SAA rescue, says draft plan
The draft plan said the government had agreed to make a working capital injection, which the administrators estimated at not less than R2 billion, fund employee layoffs
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A good future for SAA, Eskom: Ramaphosa's SOE Council soon to be named
"I see a good future for SAA, and similarly, I see even a better one for Eskom."
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Dudu Myeni could face further probes into her role at SAA
Myeni was on Wednesday declared a delinquent director by the Pretoria High Court and was barred for life from serving as a director of any entity.
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BRPs stop SAA flights before they even take off
In a statement on Tuesday, SAA said it would resume operations between Johannesburg and Cape Town from mid-June.
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How did you spend the R10bn? Scopa wants details from SAA BRPs
Scopa said R10 billion has been spent on operations since January and the practitioners were expected to have completed their working in March.
