Argentina´s Fernandez says country will struggle to repay IMF loan
World
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CAA urges travellers to be patient following Malawi flight cancellations
The organisation took the decision to cancel flights after it found a lack of maintenance, unreliable emergency services and poor infrastructure in and around the airport.
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Govt’s immediate priority is to stabilise SAA - Ramaphosa
In a written reply to a parliamentary question, the president says it's government's intention to turn the airline into one that is financially and operationally sustainable.
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[OPINION] SA taxpayers can’t keep bailing out broken airline
South Africa can't afford its national airline anymore -- nor can it afford to close it down. What's the next step?
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Fedusa: Staff morale at SAA low
SAA CEO Vuyani Jarana says that Finance Minister Tito Mboweni's comments about closing the airline have created panic.
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Motsepe: Private sector key to addressing poverty in SA
Motsepe addressed the discovery leadership summit at the Sandton Convention Centre on Thursday morning along with Investec’s former CEO Stephen Koseff.
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SAA dismisses claims of liquidation, disposing of assets
While the airline has repeatedly made it clear it’s in financial distress and won’t break even until at least 2021, managers say they're working to turn around the company.
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‘SA Express quietly bleeding away’
The embattled airline has said it needs a bailout of least R1.74 billion to keep its aircraft flying.
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SAA mulls selling assets amid near crippling debt - report
Reports suggest SAA needs R21.7 billion, this includes a R12.1 billion government bailout.
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‘SAA expected to require billions in public funds’
Reports suggest SAA needs R21.7 billion, this includes a R12.1 billion government bailout.
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Gordhan: Financial reports for SAA, SA Express, Denel won't be tabled on time
The reports were due to be submitted by the end of September – within six months of their financial year ending on 31 March.
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SAA to reinstate flights to Hong Kong as soon as weather clears
The national carrier says it's decision was informed by bad weather conditions caused by a typhoon.
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SAA to start looking for strategic equity partner
SAA CEO Vuyani Jarana has reportedly given this written undertaking to trade union Solidarity.
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Former CFO takes SAA to CCMA over unfair dismissal
In a statement released a short while ago, Phumeza Nhantsi says her dismissal was based on unfounded allegations in relation to a tender with BNP capital.
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Jarana: SAA to get R5 billion capital injection after plea for cash
SAA has not generated a profit since 2011 and has already received state guarantees totalling nearly R20 billion.
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Auditing regulator's probe into SAA to be finalised soon
The Independent Regulatory Board for Auditors (IRBA) has told Parliament’s standing committee the probe is far advanced.
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SAA requires R5bn bailout to stay afloat - Treasury
Treasury director-general Dondo Mogajane told Parliament the cash injection could, however, not come from government.
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Gungubele: SAA needs at least R20bn to possibly break even in 2021
Deputy Finance Minister Mondli Gungubele says SAA now has a clear turnaround strategy aimed at fixing its finances, corporate governance and operating model.
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‘Cash-strapped SAA urgently needs fresh cash boost to keep going’
CEO Vuyani Jarana told MPs that of the R10 billion cash injection SAA was given last year, R7.6 billion went to repay loans and R2,4 billion was used for operating costs.
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Lack of cash, critical skills hindering SAA’s turnaround plan
SAA chief executive officer Vuyani Jarana says revenue management at the airline is poor and the airline’s bad public image is affecting its ability to attract critical skills.
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Question mark over SAA's viability after qualified audit report
Auditor-General Kimi Makwetu has given both SAA and its subsidiary, Mango Airlines, qualified audits.
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SAA projects loss of R4 billion by March 2018
New CEO Vuyani Jarana and board members briefed Parliament’s Standing Committee on Finance for the first time on Wednesday.
