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  • FILE: South African Airways planes. Picture: Facebook.com

    Jarana: SAA can’t carry out turnaround plan without urgent funding

    Parliament heard on Thursday that SAA is still struggling to achieve going concern status, amid a dire shortage of skills to effect its turnaround plan.

    1447 days ago
  • FILE: JB Magwaza (L), South African Airways board chairperson, and CEO Vuyani Jarana (R) appear before Parliament on 27 March 2018. Picture: Lindsay Dentlinger/EWN.

    SAA still ‘far down the line’ on equity partner discussions

    In addition to the money needed to fund its turnaround plan, the airline also has to pay its lenders R9.2 billion by March.

    1448 days ago
  • FILE: JB Magwaza, South African Airways board chairperson, and CEO Vuyani Jarana appear before Parliament on 27 March 2018. Picture: Lindsay Dentlinger/EWN.

    SAA confirms loss of R5.7bn over past financial year

    SAA says lower passenger numbers and the strengthening of the rand against the dollar, as well as the overall negativity of current movements, have contributed to the losses.

    1470 days ago
  • FILE: JB Magwaza,  South African Airways board chairperson, appears before Parliament on 27 March 2018. Picture: Lindsay Dentlinger/EWN

    Parly meeting to discuss SAA's financial results cancelled after parties clash

    Wednesday’s meeting was originally scheduled to be closed to the public and the media, which is not the usual practice when the airline presents its quarterly financial reports.

    1470 days ago
  • FILE: JB Magwaza (L), South African Airways board chairperson, and CEO Vuyani Jarana (R) appear before Parliament on 27 March 2018. Picture: Lindsay Dentlinger/EWN.

    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.

    1476 days ago
  • FILE: An SAA aircraft. Picture: AFP

    SAA in talks with Treasury, banks for fresh cash injection

    SAA CEO Vuyani Jarana says the R10 billion bail out from government last year eased SAA’s financial position somewhat, but that it needs more money.

    1491 days ago
  • Vuyani Jarana. Picture: Vodacom

    ‘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.

    1492 days ago
  • FILE: A South African Airways flight takes off as another one is parked in a bay on the tarmac at OR Tambo International airport in Johannesburg. Picture: AFP

    Does SAA know extent of theft, fraud?

    MPs wanted to know if there’d been consequences for theft & fraud made possible by weak security and stock-control systems. SAA board chairperson says they are still receiving tip-offs about wrongdoing.

    1492 days ago
  • FILE: South African Airways planes. Picture: Facebook.com

    Jarana: SAA still has outstanding debt of over R9bn

    Jarana says the R10 billion cash injection from the government last year eased the airline’s financial situation somewhat, but he says its balance sheet remains very weak.

    1492 days ago
  • FILE: JB Magwaza, South African Airways board chairperson, and CEO Vuyani Jarana appear before Parliament on 27 March 2018. Picture: Lindsay Dentlinger/EWN.

    SAA losses snowball, state outlines revival

    SAA, which has not generated a profit since 2011, is regularly cited by rating agencies as a drain on the government’s purse.

    1518 days ago
  • South African Airways plane. Picture: Facebook

    Jarana: SAA's decision to cut routes a tactical move

    SAA CEO Vuyani Jarana says the airline will be scaling back on routes that are not profitable until such time as it can compete in the market again.

    1519 days ago
  • FILE: JB Magwaza (L), South African Airways board chairperson, and CEO Vuyani Jarana (R) appear before Parliament on 27 March 2018. Picture: Lindsay Dentlinger/EWN.

    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.

    1520 days ago
  • FILE: Vuyani Jarana. Picture: Vodacom.

    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.

    1638 days ago
  • South African Airways plane. Picture: Facebook

    Jarana: SAA's outstanding debt stands at R13.8 billion

    New SAA CEO Vuyani Jarana says SAA will still be about R9 billion in the hole even after the government’s R10 billion bail out is fully paid by the end of March next year.

    1638 days ago
  • Vuyani Jarana. Picture: Vodacom

    [LISTEN] New SAA CEO Vuyani Jarana ready for challenge

    Vuyani Jarana, South African Airways' brand-new CEO, says that heading up the airline is a good challenge to tackle and he is honoured to have been called up for the post.

    1651 days ago
  • FILE: Malusi Gigaba. Picture: AFP

    Gigaba: New SAA CEO tasked with regaining public confidence

    The airline recently received a bailout of over R3 billion to repay a loan to Citibank.

    1660 days ago
  • Picture: Supplied.

    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.

    1660 days ago
  • Vuyani Jarana. Picture: Vodacom

    New SAA CEO Jarana to focus on cutting costs, making profits

    Vuyani Jarana’s appointment has been widely welcomed after Dudu Myeni’s term came to an end last month.

    1664 days ago
  • Vuyani Jarana. Picture: Vodacom

    [LISTEN] 'Vuyani Jarana will take SAA to greater heights'

    Finance Minister Malusi Gigaba says the newly appointed SAA CEO Vuyani Jarana’s appointment will resolve the fundamental issues at the airline.

    1755 days ago
  • FILE: Minister of Finance Malusi Gigaba. Picture: Thomas Holder/EWN

    'I believe SAA is going to be turned around'

    Malusi Gigaba suggests that this will soon end with the appointment of the new CEO Vuyani Jarana.

    1755 days ago
  • FILE: Vuyani Jarana. Picture: Vodacom.

    Gigaba: Jarana has what it takes to turn SAA arround

    The 46-year-old Vuyani Jarana will start work as SAA’s new CEO as soon as he’s released by the Vodacom Group.

    1755 days ago
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