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 …
FNB CEO says he will not fly with SAA and is now looking at honest alternatives
Chief Executive Officer of First National Bank, Jacques Celiers, indicated on social media that he would not make use of SAA’s services anymore. He is now looking at “honest alternatives.” FNB spokesperson Lwazi Stuurman told media that Celliers will not Read More …
ALERT: Passengers warned of SAA strike at OR Tambo International
Cape Town – Passengers are being advised to remain in contact with South African Airways, as a strike by its technical crew is set to get underway. Management of OR Tambo International Airport says they are aware of a strike 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 …