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SAA welcomes government’s support

By: Marleny Arnoldi     12th November 2018 South African Airways (SAA) has assured its stakeholders, customers and suppliers of its business continuity after government confirmed that the airline will not be shut down or sold. Public Enterprises Minister Pravin Gordhan last week clarified government’s position that, while the airline... 

E-toll management company works to make Gauteng freeway project sustainable as it seeks to re-win tender 

By: Natasha Odendaal     31st October 2018 The Electronic Toll Collection (ETC) will continue managing the e-tolling systems on Gauteng’s freeways on behalf of the South African National Roads Agency Limited (Sanral) until at least December 2019, as the State-owned roads agency works on a new tender. Eight years after being established as... 

Sell SAA, it won't fly – economist 

By: News24Wire      31st October 2018 South African Airways (SAA) is a "vanity project" that the economy cannot afford and it should be sold, members of Parliament (MPs) have heard. The standing and select committees on finance on Wednesday heard submissions from the public on the mini budget. The mismanagement of loss-making... 

Industry 4.0 won’t be a death knell for mining jobs, but will require reskilling

By: Natasha Odendaal     26th October 2018 The rapid developments around the concept of the mine of the future and the Fourth Industrial Revolution (4IR) are sending mixed reactions over jobs in what is a struggling sector. However, stalling or adopting what is inevitable, in a slow fashion, will deliver penalties for the economy on an... 

Mboweni doubts SAA will find equity partner in current state 

By: Reuters     25th October 2018 Finance Minister Tito Mboweni said on Thursday that he doubted that the government would find an investor to take an equity stake in struggling State-run South African Airways (SAA) in its current financial state. "I doubt you are going to find an equity partner who will come into SAA in this... 

SAA allocated R5bn for debt relief

By: Marleny Arnoldi     24th October 2018 State-owned South African Airways (SAA) will receive R5-billion through a special appropriation Bill to settle debt redeeming between now and March 2019. The Medium Term Budget Policy Statement (MTBPS), which was released by the National Treasury on Wednesday, stated that the funds would help to... 

Mboweni calls for ‘open-minded’ approach to reconfiguration of State firms 

By: Terence Creamer     24th October 2018 Finance Minister Tito Mboweni has called for a reconfiguration of South Africa’s debt-laden State-owned companies (SoCs) and has appealed to stakeholders to adopt an open-mind with regard to the form such restructuring could take, particularly in the cases of Eskom and South African Airways... 

Mboweni walks budget tightrope to fix ailing economy

By: Reuters     22nd October 2018 South Africa's new finance minister will target spending on agriculture, infrastructure and job creation projects in his inaugural budget speech on Wednesday in a bid to haul the economy out of a recession. With the government facing a ballooning debt, stubbornly high unemployment, struggling... 

SAA appoints Telkom’s Fredericks new interim CFO

By: Simone Liedtke     5th October 2018 South African Airways (SAA) on Friday announced that Deon Fredericks has been appointed SAA’s new interim CFO, effective October 15. Fredericks is on secondment from Telkom for a 12-month period. 

First African Rolls-Royce lease engine storage facility opens at SAAT

By: Simone Liedtke     3rd October 2018 In the culmination of a two-year journey, Rolls-Royce and South African Airways Technical (SAAT) on Wednesday celebrated the official opening of Rolls-Royce’s first lease engine storage facility in Africa. This facility, based at SAAT’s premises in Kempton Park, Gauteng, marks a milestone event... 

Goldman forecasts South African economic rebound in 2019

By: Reuters     3rd October 2018 Goldman Sachs expects South Africa's economy to grow almost 3% next year, helped by President Cyril Ramaphosa's reforms and strong global growth, the bank's sub-Saharan Africa head told Reuters. Colin Coleman's prediction is more optimistic than the view held by economists polled by Reuters last... 

SAA states it is ahead of plan in terms of trading performance

By: Rebecca Campbell     26th September 2018 Embattled State-owned national carrier South African Airways affirmed in a press release on Wednesday that its turnaround strategy was “on track”. It reported that its results for the first quarter indicated that it was “ahead of the plan in its trading performance”. But the release did not give... 

Selling off assets won't save SAA, says DA

By: African News Agency      24th September 2018 Reported plans to sell off certain assets will not save the South African Airways (SAA) and the airline needs to be put into business rescue, the Democratic Alliance said on Sunday. The DA was not surprised by media reports on Sunday that SAA was contemplating selling off assets as a result of... 

Phosa says South Africa should be ‘plotting’ a credible economic strategy 

By: Terence Creamer     20th September 2018 Former African National Congress (ANC) treasurer-general Mathews Phosa made a forthright appeal on Thursday for the creation and implementation of a credible economic strategy, centred on growth and job creation, rather than “vague, ill-timed, conflicting and populist” policies. Speaking at the... 

Uncertainty over land expropriation to deter investment – IHS Markit

By: Marleny Arnoldi     24th August 2018 The threat of land expropriation without compensation (EWC) is likely to deter investment up until the 2019 elections and a while afterwards, says global information provider IHS Markit. “Uncertainty over property rights is likely to deter fixed investment, limit government revenue and lower... 

Bailout or bail out?

By: Riaan de Lange     24th August 2018 One word or two? So, which is the correct option for South Africa’s State-owned enterprises (SOEs)? Hint: a bailout is the act of giving financial assistance to a failing business or economy to save it from collapse, while to bail out is to abandon a position or situation. As I contemplated what... 

NHI will negatively impact on South Africa’s healthcare systems – Solidarity  

By: Anine Kilian     21st August 2018 Trade union Solidarity believes the power of medical services in South Africa will be negatively impacted if government decides to centralise the healthcare system through the National Health Insurance (NHI) Bill. Speaking at a Healthcare Crisis Summit organised by Solidarity, in Pretoria, on... 

Union welcomes appointment of Siza Mzimela as acting SAX CEO

By: African News Agency      2nd August 2018 The National Transport Movement (NTM) on Wednesday welcomed the announcement of Siza Mzimela as acting chief executive of beleaguered airline, SA Express (SAX). In a statement, NTM described Mzimela's appointment as an "excellent choice".  

Control of SAA transferred back to public enterprises – Treasury

By: African News Agency      2nd August 2018 Control of South African Airways (SAA) administration has been transferred back to the public enterprises minister from the finance minister, Treasury said on Wednesday. In a statement, Treasury said a proclamation signed by President Cyril Ramaphosa giving effect to the transfer was gazetted on... 

SANDF chief clarifies situation regarding Cuba flight

By: News24Wire      1st August 2018 South African National Defence Force (SANDF) chief General Solly Shoke reiterated on Tuesday that reports about the smuggling of arms to Cuba on a chartered South African Airways (SAA) flight were misguided and sensationalist. Speaking at an SANDF media briefing in Centurion, Shoke said the... 

SAA in talks with other airlines to strengthen its business

By: Rebecca Campbell     24th July 2018 Troubled State-owned national flag carrier South African Airways (SAA) has reported that it is in talks with other airlines on renewing or creating new commercial partnerships. SAA stressed, in its statement, that these discussions were only about “commercial agreements such as interline,... 

SAA gives assurances to union about its future plans, including privatisation

By: Rebecca Campbell     20th July 2018 In a letter to trade union Solidarity, and released by the union at a recent media briefing, South African Airways (SAA) CEO Vuyani Jarana has given a number of assurances about the plans for the future of the beleaguered State-own national flag carrier. The letter followed a meeting between... 

SAA CEO gives assurances on plans to secure the airline’s future 

12th July 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Senior Deputy Editor Rebecca Campbell about assurances given by South African Airways CEO Vuyani Jarana to trade union Solidarity and the general public about plans to secure the airline’s future. 

Jarana confirms aim of strategic partnership for SAA

By: Rebecca Campbell     11th July 2018 South African Airways (SAA) CEO Vuyani Jarana confirmed on Wednesday that a Strategic Equity Partner (SEP) would be sought for the airline. He was addressing the Southern African Transport Conference in Pretoria. "The government has pronounced, last year already, that there would be private... 

Criticise us, but give us a chance, SAA CEO implores South Africans

By: News24Wire      11th July 2018 It is very important that South Africans give the new board and management at South African Airways (SAA) the opportunity to turn the national airline around financially, CEO Vuyani Jarana told Fin24 on Wednesday. "South Africans must support the airline. I can only shape its future, since I was... 

Solidarity trade union reports SAA assurances about its future plans, including privatisation

By: Rebecca Campbell     10th July 2018 In a letter to trade union Solidarity, and released by the union at a media briefing on Tuesday, South African Airways (SAA) CEO Vuyani Jarana has given a number of assurances about the plans for the future of the beleaguered State-own national flag carrier. The letter followed a meeting between... 

Troubles at SAA helping to drive local businesses to budget airlines

By: Rebecca Campbell     6th July 2018 Business travel sources have reported that troubled State-owned national carrier South African Airways (SAA) has slashed the discounts it gives to corporations for business travel. Furthermore, the airline’s cutbacks on certain routes have also adversely affected major businesses. The consequence... 

Union wants answers as gaps left by SAX grounding are plugged

By: Rebecca Campbell     15th June 2018 South African Airways (SAA) has created an extended flight schedule to replace the capacity lost with the grounding of the SA Express airline by the South African Civil Aviation Authority (CAA). (This grounding was because of “severe cases of non-compliance that pose serious safety risks” found... 

African airlines boost routes but fare poorly financially

By: Kim Cloete     13th June 2018 African airlines have notched up an encouraging number of new routes, but are still in a poor financial position overall, the Aviation Development Conference, AviaDev, has heard. In a keynote address on the outlook for the industry, Embraer Commercial Aviation sales director Gad Wavomba, said... 

'No sacred cows': SAA boss plans deep cuts

By: Reuters     11th June 2018 Six months into the job of running loss-making South African Airways, Vuyani Jarana is mapping out a punishing austerity plan. Jarana, who faces the daunting task of turning the flag carrier around, said layoffs and other cuts were unavoidable as he contends with a draining cost-to-income ratio... 

SAA adds six flights a week to Johannesburg–East London route

By: Marleny Arnoldi     8th June 2018 State-owned South African Airways (SAA) has added additional flights to the Eastern Cape to cater for business travelers between East London and Johannesburg.  

Good corporate citizenship in a post-State-capture South Africa 

By: Kim Cloete     8th June 2018 A string of corporate governance failures and climate change challenges have cranked up the pressure on companies to become better corporate citizens and take care of the environment they are operating in. The renewed emphasis on governance and sustainability is not limited to the private sector,... 

Good corporate citizenship in a post-State-capture South Africa 

By: Kim Cloete     8th June 2018 A string of corporate governance failures and climate change challenges have cranked up the pressure on companies to become better corporate citizens and take care of the environment they are operating in. The renewed emphasis on governance and sustainability is not limited to the private sector,... 

SAA chief executive dismisses calls for business rescue

By: African News Agency      7th June 2018 South African Airways (SAA) chief executive Vuyani Jarana on Thursday ruled out the possibility of the airline being placed under business rescue. "We believe we are already executing a recovery plan. We don't believe the plan [from business rescue practitioners] is going to be significantly... 

Denel Aeronautics acting CEO was in charge at SA Express when irregular contract signed – union

By: Rebecca Campbell     30th May 2018 Trade union Solidarity claimed on Wednesday that the reported fuel purchase contract, which failed to follow prescribed tender procedures, placed by State-owned airline SA Express with a little known company, EML Energy, had been placed while Victor Xaba had been acting CEO of the airline. Xaba... 

SAA and partners filling the flight gap created by the grounding of SA Express

By: Rebecca Campbell     30th May 2018 South African Airways (SAA) announced on Wednesday an extended flight schedule to replace the capacity lost with the grounding of the SA Express airline by the South African Civil Aviation Authority (CAA). (This grounding was because of “severe cases of non-compliance that pose serious safety... 

Gordhan: SA airlines already working together amid merger talks 

By: News24Wire      28th May 2018 Minister of Public Enterprises Pravin Gordhan told eNCA on Sunday evening that discussions regarding the merger of three government airlines would continue this week with other relevant ministers. South Africa has been abuzz with the potential consequences of merging Mango Airlines with SA... 

SAA, partner airlines assist stranded SA Express passengers

By: Anine Kilian     25th May 2018 South African Airways (SAA) and its partner airlines Mango and SA Airlink have put in place replacement capacity to support South African (SA) Express passengers. This comes after the South African Civil Aviation Authority (SACAA) on Thursday suspended SA Express’ flights after an audit uncovered... 

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