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Tag: SAA

‘SAA must be placed under business rescue to protect taxpayer money’

An application for the business rescue of South African Airways will be brought by Solidarity, as part of a tax protest campaign it is launching. This protest includes at least six legal...

Turbulence as SAA board chair Magwaza tenders his resignation

Embattled national carrier South African Airways (SAA) was yesterday thrown into further turmoil with the resignation of board chairperson Johannes Magwaza. His resignation came hardly two months after the cash-strapped airline's erstwhile...

SAA acquires new state-of-the-art aircraft in its fleet

Over-indebted national airline South African Airways(SAA) on Sunday announced that it acquired new generation aircraft to its long-haul fleet as part of its turn-around strategy meant to improve its profitability. The airline said...

SAA request R4bn bailout to remain afloat

The South African Airways (SAA) board has requested R4 billion to stay afloat this financial year. Board members briefed the media on the state of affairs at the national carrier including the abrupt resignation...

SAA CEO cites lack of support from government as reason for resignation

Newly reappointed Public Enterprises Minister Pravin Gordhan received a further blow on Sunday with the shock resignation of South African Airways (SAA) chief executive Vuyani Jarana, who lashed out at the...

LAST 7 DAYS

Croc breeding and gold mining make an ‘unusual pairing’

Zimbabwean crocodile and alligator skin exporter, Padenga, is seeking more glitter from foreign markets after diversifying into gold mining, as strategy analysts say this...

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