South African Promo Magazine:
Yep. So it goes. This top-heavy structure is the reason why SAA is demanding another cash injection of billions of Rands to keep afloat.
Broke SAA – R35-million are splurged on bodyguards ahead of job cuts
Myeni Lands Plum Job That May Put Her Back In SAA’s Pilot Seat
Months after she was ousted from South African Airways following a string of scandals, Dudu Myeni has landed a top job as the adviser to Transport Minister Joe Maswanganyi. The controversial appointment — which could see Myeni net more than Read More …
Cabinet expresses confidence in new SAA board
Newly appointed Communications Minister Mmamoloko Kubayi says Cabinet is happy with the appointment of a new board at South African Airways. Yesterday Finance Minister Malusi Gigaba announced the axing of former SAA board chairperson Dudu Myeni, who has now been Read More …
Dudu Myeni finaly fired as SAA chair
Dudu Myeni has been removed from the board of South African Airways in what could be a range of changes made to the leadership of the embattled airline. The Mail & Guardian understands that Myeni will be replaced by businessperson Read More …
No end to SAA’s nightmares
The nation’s beleaguered airline has breathing room until October 31 — Halloween, after which its debt demons may return to haunt it with a vengeance. It is understood that most of SAA’s lenders have agreed to roll over the outstanding Read More …
SAA cash crunch deepens as suppliers have still not been paid
South African Airways (SAA) appears to have exhausted its available cash reserves following news that suppliers have still not been paid for work done in July. The airline has thirty-day terms with a number of suppliers that provide essential services Read More …
Gigaba lashes out against ‘hysteria’ over SAA bailout
Finance Minister Malusi Gigaba has spoken out against what he termed hysteria that has been created around the options government is considering to recapitalise South African Airways (SAA). He was speaking at a briefing at Treasury following a meeting with Read More …
SAA to get R10bn bailout from sale of government stake in Telkom
Cash-strapped SA Airways is to get a R10-billion bailout through the sale of the government’s multibillion-rand stake in Telkom, parliament was told on Wednesday. DA MP Alf Lees dropped the bombshell in the National Assembly during question time with Deputy Read More …
No support for Dudu at parliament’s portfolio committee
The SAA board did not seem likely to support their chairman in parliament after it came to light that the airline suffered a loss of R4,683 billion in the last financial year. The entire board had to appear before the Read More …