Business In The News South Africa

SAA to support passengers of grounded SA Express, unions worried about jobs

JOHANNESBURG. 25 – May 2018 – State-owned South African Airways (SAA) said on Friday it had recovery plans in place that entailed partnering with other airlines to support passengers affected by the grounding of SA Express planes. The National Union of Metalworkers of South Africa (Numsa) said it was concerned about the safety of workers at the […]

Business In The News South Africa

Cabinet confirms Phakamani Hadebe as Eskom chief executive

PARLIAMENT, May 24  – Interim Eskom boss Phakamani Hadebe has been appointed permanently as chief executive officer of South Africa’s state-owned power utility, Public Enterprises Minister Pravin Gordhan announced on Thursday.   Speaking during a media briefing in Parliament, Gordhan said Hadebe’s appointment was approved by Cabinet during its fortnightly meeting on Wednesday.   The […]

In The News South Africa

Transnet chairwoman resigns on eve of meeting with government

CAPE TOWN, May 4- The chairwoman of Transnet, Linda Mabaso, has resigned with immediate effect, Public Enterprises Minister Pravin Gordhan said on Thursday. Mabaso’s resignation comes on the eve of a shareholder meeting called by Gordhan for Friday. “I accepted her resignation, which took effect immediately,” Gordhan said in a statement. Two non-executive directors, Vusi […]

Business In The News South Africa

Denel executives welcome new board

CAPE TOWN, April 10 – Executives at Denel, South Africa’s state-owned arms manufacturer, on Tuesday welcomed the appointment of new board members and pledged support to help steer the cash-strapped organisation in a new direction.   Public Enterprises Minister Pravin Gordhan announced the new board on Monday and tasked them with improving corporate governance and […]