SAA business rescue plan might not be adequate, govt says

South Africa’s government said it was concerned that a business rescue plan for troubled national carrier SAA published late on Tuesday might not be adequate. The government placed financially strapped South African Airways under business rescue last December, but efforts to revive its fortunes have so far stuttered partly due[…]

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SA unions vow to work with government to save SAA, SA Express

The National Union of Metalworkers of South Africa and the South African Cabin Crew Association said they had had constructive discussions with the government on ensuring the continued existence of troubled national carrier South African Airways (SAA) and fellow state-owned airline SA Express. The unions have been critical of the[…]

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Dudu Myeni wraps up her testimony

Former South African Airways (SAA) board chairperson Dudu Myeni says the only reason she stopped the signing of a deal with Emirates Airlines was because she was under the impression that some board members were not yet satisfied with the deal. Myeni has been accused of stopping former acting CEO[…]

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Development bank lends SAA R3.5billion

The Democratic Alliance (DA) said on Tuesday it would write to the Minister of Trade and Industry, Ibrahim Patel, to obtain full details of the reported loan of R3.5 billion that the Development Bank of Southern Africa (DBSA) had allegedly made available to SAA. “Given the fact that the Bank[…]

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Treasury urgently trying to secure SAA bailout: Mboweni

SAA cancelled some of its local and international flights, saying the decision was aimed at saving cash and optimising its position ahead of a further capital injection. Finance Minister Tito Mboweni says National Treasury is working around the clock to try and secure SAA’s R2 billion bailout as soon as[…]

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SAA, Eskom expected to take centre stage at ANC’s NEC meeting

The ANC’s national executive committee (NEC) is expected to hammer out some tough points around SAA and Eskom this coming weekend. Issues concerning SAA were partially discussed at the party’s last meeting shortly before the January 8 celebrations. National spokesperson Pule Mabe said the topic was deferred to this week’s[…]

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