In The News South Africa

Gigaba warns of wider consequences of an SAA default

 PARLIAMENT, August 5 – Finance Minister Malusi Gigaba on Friday voiced frustration at the slow pace at which South African Airways (SAA) was taking steps to stem its financial losses and warned that defaulting on its debt payments could trigger a wider reaction from state-owned entities’ lenders. Gigaba said one example was the fact that the technically-bankrupt […]

Business In The News South Africa

Companies Tribunal dismisses Dudu Myeni’s application with costs

PRETORIA, June 29 – South African Airways (SAA) chairperson Dudu Myeni’s application to have a compliance notice against her, issued by the Companies and Intellectual Properties Commission, set aside was dismissed with costs by the Companies Tribunal on Thursday. “The respondent [Companies and Intellectual Property Commission] issued the compliance notice to the applicant [Myeni] on November […]

Exclusive In The News South Africa XposE´

Multi-million rand deal splits “dysfunctional” SAA board

Staff Reporter The decision by troubled South African Airways (SAA) to appoint a foreign-based company to the tune of millions of rand to review its restructuring and turn-around strategy has triggered a storm of protest. Although the national carrier is adamant that the appointment of Seabury consulting, a New York based consulting firm was above board […]