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Treasury’s chief director says SAA lost billions during Myeni’s tenure
Avril Halstead is giving evidence in the case between the Organisation Undoing Tax Abuse, the South African Airways Pilots' Association (SAAPA) and former SAA board chairperson Dudu Myeni.
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Route cancellations ‘in the best interest of SAA’ – BRPs respond to critics
On Thursday, the rescue practitioners announced the cancellation of some international, regional and domestic routes in a bid to cut costs at the cash-strapped airline.
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Ramaphosa questions SAA route cancellations
From the end of this month, all domestic routes excluding Cape Town and Johannesburg will be cancelled indefinitely.
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Customers booked on cancelled SAA routes to receive full refunds
These included Accra, Hong Kong, Port Elizabeth, East London, and Durban.
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Development Bank: We were under no pressure to bail out SAA
MPs wanted to know whether the DBSA had caved in to political pressure to make the R3.5 billion loan to SAA, but DBSA chief investment officer and acting CEO Paul Currie’s response was an emphatic no.
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Unions warn of thousands of job losses should SAA collapse
The national carrier last month received R3.5 million in emergency funding from the Development Bank of Southern Africa and entered a form of bankruptcy protection in December.
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It’s all part of the plan, says SAA after cancelling flights
The airline announced on Thursday that it would cancel 48 local and international flights in February in order to cut costs and save money.
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Development Bank criticised for R3.5bn SAA lifeline
The wholly-owned government entity has pledged R3.5 billion to the struggling national carrier.
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SA Express accuses SAA of failing to settle bills for 2 months
The Development Bank of Southern Africa stepped in on Tuesday by pledging R3.5 billion for the cash strapped airline.
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New R3.5bn loan to 'help keep SAA afloat'
The national carrier has also vowed to assist to pay January salaries in full.
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High Court to rule on Dudu Myeni delinquency matter
The Organisation Undoing Tax Abuse (Outa) wants Myeni declared a delinquent director, accusing her of bringing SAA to its knees.
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Parliament to request meeting with SAA’s business rescue practitioners
Public Enterprises portfolio committee chairperson Khaya Magaxa said the committee needed a well-thought-out strategy to oversee state-owned enterprises like SAA instead of an 'ad hoc and crisis led approach'.
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ANC calls for a probe into SAA’s historical contracts
The ruling party said it wanted to root out any perception that corruption played a part in the awarding of lucrative contracts at the mismanaged airline.
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Unions 'worried' about job cuts at SAA if R2bn bailout not received
The national carrier announced on Tuesday it had cancelled some domestic and international flights due to low demand and to save money.
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SAA: Further review of flight changes on the cards
The embattled airline announced on Tuesday it had cancelled some domestic and international flights due to low demand.
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SAA cancels 'a few domestic flights'
SAA is running short of cash after the government failed to provide R2 billion of emergency funding it promised when the airline entered a form of bankruptcy protection last month.
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Ramaphosa: Govt has prioritised task of building a capable state
In his latest newsletter released on Monday, outlining his plans for the new year and new decade, Ramaphosa said this was one of the most pressing challenges for South Africa.
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Public Enterprises Dept in talks with Treasury over SAA bailout
It emerged last week that government had failed to honour the payment, which was part of an agreement reached when the national airline was put under business rescue.
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Sale of SAA aircraft ‘demonstration of rampant looting’, says Numsa
Unions have raised suspicion after the cash-strapped airline put up a tender notice on its website this week about selling nine aircraft and fifteen spare engines.
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Cash-strapped SAA to sell off 9 Airbus planes
SAA, which was placed in a form of bankruptcy protection late last year, is selling the Airbus A340-300s and A340-600s as well as 15 spare engines, the document said.
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Mboweni adamant Treasury gave SAA financial support
Tito Mboweni addressed business leaders in Johannesburg this morning ahead of the World Economic Forum annual meeting in Davos next week.
