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Tag: SAA

SAA declared “solvent and liquid”

The South African Airways (SAA) process of business rescue is expected to reach its conclusion by the end of March. The national carrier found itself under business rescue as a result...

Mboweni gives SAA R10.5bn bailout – here’s how it will be funded

Tito Mboweni has made a controversial announcement on Wednesday, revealing that R10.5 billion will be allocated to the struggling SAA. Finance Minister Tito Mboweni has confirmed that South African Airlines (SAA) will...

SAA Technical withdraws services to parent company over non-payment

South African Airways' maintenance subsidiary has withdrawn services to its parent after the struggling airline failed to pay money owed to the unit, an SAA spokesman said on Saturday. Administrators took control...

SAA liquidation means financial hardship, DPE warns

The Department of Public Enterprises (DPE) cautioned South African Airways (SAA) employees, labour unions and creditors that the liquidation of the airline will lead to financial hardship for employees and substantial...

SAA to be placed under ‘urgent’ business rescue’

In a leaked report seen by Eyewitness News, Ramaphosa addresses ministers and deputy ministers to change Cabinet’s approach in addressing the dire situation the national airline finds itself in. President Cyril Ramaphosa has...

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South Africa to get a new driver’s licence that works through...

The Driving Licence Card Account (DLCA) says it is making significant upgrades to its systems in preparation for the introduction of the country’s first...

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