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Sunday, January 19, 2020

Tag: cash

SAA cannot generate cash flow currently – Tito Mboweni

South Africa's Minister of Finance, Tito Mboweni, said that South African Airways (SAA) was unlikely to ever generate sufficient cash flow to sustain operations in its current configuration. Mboweni said this on Wednesday when...

R211bn cash injection for safety and security in SA

Finance Minister Tito Mboweni announced that R211 billion will be allocated towards Safety and Security for the people of South Africa. The announcement was delivered during his maiden Budget Speech to the...

Government spends R10.7m fixing crashed cars

An astounding 10.7-million has been forked out by the government, over a period of three years, to fix almost 1000 state-owned vehicles involved in carelessly car crashes. Out of the...

SAA to get R5 billion capital injection after plea for cash

South Africa has promised another R5 billion capital injection to help its struggling state airline meet urgent financial obligations, the CEO of South African Airways (SAA) said on Thursday. SAA has not...

SAA to receive R4.8 billion cash injection

The national carrier, South African Airways, will receive a further R4.8 billion government guarantee by March next year. The 2017 Medium Term Budget Policy Statement (MTBPS) tabled by Finance Minister...

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Substantial cost savings achieved as Konecranes upgrades old Wolff Crane

A 35 T/15 T Wolff Crane, that was installed in a local metal plant in 1989, was recently upgraded by Konecranes. The modernisation of...

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