Business In The News South Africa

Treasury to give SAA R10 billion in special appropriation

 PARLIAMENT, September 13 (ANA) – National Treasury has agreed to give South African Airways a special appropriation of R10 billion by the end of September, director-general Dondo Mogajane told MPs on Wednesday. “It will be for R10 billion, we have decided, because that will cover everything,” he said during a briefing on the ailing airline’s latest […]

Africa Business In The News South Africa

Numsa welcomes public protector probe into corruption and maladministration at SAA, threatens strike action

JOHANNESBURG – The National Union of Metalworkers of South Africa (Numsa) has welcomed the public protector’s decision to investigate maladministration, corruption, and tender irregularities at South Africa Airways (SAA) and threatened strike action if the airline does not implement recommendations made in a forensic report on the matter.   This followed a complaint lodged by […]

Business In The News South Africa

‘Chronic instability’, political interference responsible for SABC woes – interim board member

PARLIAMENT, August 31 – Tackling “chronic instability” and stamping out political interference at the South African Broadcasting Corporation (SABC) would help right the public broadcaster ship, MPs were told on Wednesday. Former political reporter John Matisonn, a current member of the interim board which was appointed after the previous permanent board was dissolved, was being interviewed […]

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 […]

In The News South Africa

SAA appoints its new CEO

CAPE TOWN, August 3 – Vuyani Jarana, the CEO of Vodacom Business, has been appointed as the new chief executive of troubled national carrier South African Airways, National Treasury announced on Thursday. Finance Minister Malusi Gigaba said he believed Jarana could successfully implement the agreed turnaround strategy for SAA, given his track record of growing […]

Business In The News South Africa

Unions to march on SAA against poor working conditions and corruption

JOHANNESBURG, August 3 – The National Union of Metalworkers of South Africa (Numsa) and the South African Cabin Crew Association (Sacca) have joined forces to march against alleged poor working conditions and corruption at South African Airways (SAA). The unions described the situation at the national carrier as an “escalating crisis”. Numsa’s acting spokesperson, Phakamile Hlubi, […]