Business In The News South Africa

Samwu not buying sale of government’s Telkom stake

PARLIAMENT, October 26 – The South African Municipal Workers Union (Samwu) on Wednesday, said that it was opposed to the plan by government to sell its Telkom shares and was standing against the privatisation of state assets. Finance Minister Malusi Gigaba confirmed in Parliament during his Medium-Term budget Policy Statement (MTBPS) that government will dispose of a […]

In The News South Africa

ANC welcomes medium-term budget

PARLIAMENT, October 26 – The African National Congress (ANC) on Wednesday, welcomed the medium-term budget policy statement tabled by Finance Minister Malusi Gigaba, saying it would closely monitor the implementation of measures contained in the policy document. “The low economic growth means that there will be a R50.8 billion shortfall in tax revenue, and we […]

Business In The News South Africa

Business Leadership SA urges new SAA board to restore financial stability

JOHANNESBURG, October 20 – Business Leadership South Africa (BLSA) on Friday urged the new board of embattled South African Airways (SAA) to work tirelessly in restoring the financial stability of the airline and implement transformation plans. BLSA chief executive Bonang Mohale said that the new SAA board must “root out” reported corruption at the airline. […]

Business In The News South Africa

Dudu Myeni sacked from SAA board

JOHANNESBURG, October 19 – Cabinet has approved sweeping changes to the board of South African Airways and replaced controversial chairwoman Dudu Myeni with JB Magwaza, well-placed sources confirmed on Wednesday evening. At a meeting earlier in the day, President Jacob Zuma’s Cabinet approved a new board which saw Myeni; Tryphosa Mmakeaya; Mzimkhulu Malunga; Siphile Buthelezi; […]

In The News South Africa

Workers and families suffer from corruption at SoEs, ‘scrap and democratise’ boards – Numsa

JOHANNESBURG, October 8 – The current boards of all state-owned enterprises (SoEs) must be “scrapped and democratised”, the National Union of Metalworkers of South Africa (Numsa) said on Sunday. Workers and their families were suffering from the impact of corruption at various SoEs, including Eskom, South African Airways (SAA), the Passenger Rail Agency of South […]

Business Lead South Africa

MPs say SAA must hold annual meeting and replace Myeni

PARLIAMENT, October 5 – Parliament’s standing committee on finance on Tuesday called for South African Airways to hold an annual general meeting next month and to find a replacement for controversial chairwoman Dudu Myeni. “The SAA’s Annual General Meeting (AGM) should be held on 3 November as proposed by Treasury, and the current board chairperson’s term should […]