Mboweni: I’m burdened with finding resources for SOEs
Business
Vuyani jarana
Numsa, cabin crew members meet with SAA board over Jarana's resignation
SAA employees affiliated to the organisations staged pickets at the country’s major airports this week threatening further disruptions should Vuyani Jarana not return.
-
SA employees want Vuyani Jarana back, some board members to resign
Disgruntled employees have been picketing outside country’s major airports, protesting over the recent resignation of group chief executive Vuyani Jarana.
-
Jarana to play advisory role to SAA, despite resigning as CEO: board
SAA board member Thandeka Mgoduso said Jarana was supposed to serve notice until August but requested to leave sooner.
-
SAA to reassure public of its commitments after CEO’s resignation
Almost a week after news of Vuyani Jarana's resignation, SAA now wanted to sit down with the media to explain its side of the story.
-
Departures at state-owned entities could drag out Ramaphosa's reforms
Since becoming president in February 2018, Cyril Ramaphosa has pledged to woo investment, create jobs and tackle deep-rooted corruption.
-
Outa: SAA needs external help to survive
The Organisation Undoing Tax Abuse (Outa) maintains that South African Airways (SAA) cannot continue as a fully government-owned entity.
-
SA sweats on investor reaction to resignations of SAA, Eskom CEOs
Economists said that Public Enterprises Minister Pravin Gordhan must answer why the trust levels around the turn around strategies for SOE's are diminishing.
-
South African Airways says reaches debt roll over deal
State-owned South African Airways (SAA) has reached an agreement in principle with lenders to roll over its existing debt of R9.2 billion ($641.55 million), its chief executive officer said on Tuesday.
-
SAA to be split into three - CEO
SAA CEO Vuyani Jarana said the firm will be split into domestic, regional and international business units, each with their own management.
-
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.
-
SAA mulls selling assets amid near crippling debt - report
Reports suggest SAA needs R21.7 billion, this includes a R12.1 billion government bailout.
-
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.
-
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.
-
‘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.
-
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.
-
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.
-
Gigaba: Many interested in equity stake in SAA
SAA relies on government guarantees to keep it solvent and has been repeatedly cited as a threat to South Africa’s public finances.
