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News24Wire

News24’s breaking news wire service brings you the latest South African, African and international news reports and press updates from newsrooms across the country. Powered by the country’s leading journalists, and headed by the News24 editorial team.

Discovery prepays R100m for Comair flights to help it take off

27th November 2020 The Discovery Group has offered to prepay R100-million to Comair for future services that the airline offers to Vitality as its kulula.com flights are due to take off to the skies again from 1 December. Comair which operates kulula.com and British Airways flights in SA, was thrown a lifeline by... 

Speed up SAA restructure so it can continue key role in Africa - aviation official

26th November 2020 The regional representative of the International Air Transport Association (IATA) has called for the SA government to speed up its contribution to assist the airline in restructuring. He says South African Airways (SAA) and South Africa have played a major role in the growth of aviation in... 

Ramaphosa to face motion of no confidence next week

26th November 2020 President Cyril Ramaphosa will face a motion of no confidence next Thursday. At Thursday’s meeting of the National Assembly Programming Committee, secretary to Parliament Masibulele Xaso said National Assembly Speaker Thandi Modise had approved the African Transformation Movement’s motion of no... 

SAA rescue plan meant to address past sins, not lay out the airline's future - BRP

19th November 2020 The business rescue plan for South African Airways (SAA) is not intended to formulate a strategy for the future of the airline, according to Siviwe Dongwana, one of the state-owned flag carrier's joint rescue practitioners. Formulating a strategy for a "new SAA" would be the prerogative of a new... 

SANDF wants power to manage its own facilities

19th November 2020 The South African National Defence (SANDF) is edging closer to managing its own military facilities which could also see an end to high lease costs estimated to rise to around R1-billion “in less than ten years”. On Wednesday, DWF commander Major General Joseph Ledwaba briefed Parliament’s... 

Financial constraints compel the CCMA to review operations and reprioritise spending

19th November 2020 Government-wide financial constraints have compelled the Commission for Conciliation, Mediation and Arbitration (CCMA) to review its operations and reprioritise spending, the dispute resolution body said in a statement on Tuesday. This as the CCMA, as with other public institutions, is affected... 

Gordhan: Private equity partners will not take on SAA's debt or restructuring costs

12th November 2020 South African Airways has received interest from several private equity partners and a transaction advisor has been appointed to engage with parties in a process which could be wrapped up either in December this year or early 2021, said Public Enterprises Minister Pravin Gordhan. The minister on... 

Manufacturing output slows for 16th consecutive month

10th November 2020 Manufacturing data for the month September picked up slightly from the previous month, but output is still below levels recorded last year, according to Stats SA. Manufacturing data from Stats SA showed that production declined 2.6% year-on-year in September 2020. This is the industry's sixteenth... 

Gordhan: 'No winners' if SAA should be liquidated

5th November 2020 Avoiding the liquidation of South African Airways will ensure the aviation market remains competitive and it means consumers won't be forced to be price takers, said Public Enterprises Minister Pravin Gordhan. SAA was placed in business rescue in early December 2019; the process has been ongoing... 

Township economy is vital to SA's recovery, deputy president tells NCOP

5th November 2020 Repurposing rundown industrial parks will be at the centre of growing township economies. This according to Deputy President David Mabuza who said rundown industrial areas, many previously owned by former homelands, were in for an upgrade. 

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