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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.
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Mboweni: Govt still trying to find funding for SAA
State-owned SAA entered a form of bankruptcy protection last month in an effort to rescue the company and 10,000 related jobs.
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Zimbabwean court orders SAA to pay R12m to environment ministry
The ruling was made after a six-year-long legal wrangle, in which the South African carrier reportedly refused to pay meteorological fees to the government.
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SAA named among top airlines globally for on-time arrivals
SAA was ranked fourth in the category, beating out other top Middle Eastern and African airlines, scoring 85.69% overall.
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S. Africans assured troubles at ailing SOEs will be remedied soon
Eskom, SAA and Transnet are just three of the SOEs that have been struggling after years of corruption and mismanagement.
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SAA has reasonable chance of survival - rescue specialist
Les Matuson, the business rescue practitioner charged with assessing the prospects of SAA and 10,000 related jobs, said he and his team considered a rescue to be the preferable option.
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Dudu Myeni: SAA corruption claims made by Outa false, misleading
This is contained in her court papers filed almost three weeks ago.
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Dudu Myeni’s ‘delinquent director’ trial to go ahead in January
Outa wants Myeni to be declared a delinquent director to stop her from serving on other boards after SAA lost billions of rand during her tenure.
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Placing SAA under business rescue isn’t privatisation - Magashule
Last week, the cash-strapped airline went under voluntary business rescue as it struggled to meet its immediate financial obligations.
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African governments struggle to turn around loss-making airlines
Ethiopian Airlines has bucked the trend, providing a model that others hope to emulate.
