saa

  1. Jamie McKane

    "New SAA" - What will be different

    "New SAA" - What will be different The South African government is considering a business model which would see South African Airways (SAA) winded down and replaced with a new state-owned airline. Speaking to the City Press, public enterprises spokesperson Richard Mantu said the department was...
  2. Jamie McKane

    SAA has two choices - Fire all staff or liquidate

    SAA has two choices - Fire all staff or liquidate South African Airways administrators delivered a stark choice to those opposing their plan to fire the entire workforce and sell assets: It’s either that or full liquidation. The state-owned carrier doesn’t have funds to continue trading nor...
  3. Jamie McKane

    SAA turnaround plans – We’ve heard it all before

    SAA turnaround plans – We’ve heard it all before Government representatives - including Public Enterprises minister Pravin Gordhan - met with the unions of SAA workers recently to discuss the future of the embattled airline. At this meeting, unions agreed to work with the government to ensure...
  4. Jamie McKane

    SAA shuts down all flights except Joburg-Cape Town

    SAA shuts down all flights except Joburg-Cape Town South African Airways has suspended all operations except for its flight route to Cape Town until 31 May 2020. “SAA will immediately suspend all regional and international operations until the end of May in response to a government travel ban...
  5. Jamie McKane

    SAA could get unlikely help from coronavirus outbreak

    SAA could get unlikely help from coronavirus outbreak While international airlines have been blindsided by the impact of the coronavirus on global travel, the outbreak may bring unexpected benefits for South African Airways as it battles to lower costs. A sharp reduction in international...
  6. Jamie McKane

    Retrenchment process begins at SAA

    Retrenchment process begins at SAA The business rescue practitioners (BRPs) of South African Airways (SAA) have announced that they will begin consultations with employees under Section 189 and 189A of the Labour Relations Act. Notices of the consultation were issued to all the recognised...
  7. Jamie McKane

    South Africa's most successful companies vs Eskom and SAA

    South Africa's most successful companies vs Eskom and SAA South Africa's state-owned companies are in bad shape, with Eskom facing years of load-shedding to keep the national grid alive and SAA embroiled in a painful business rescue process. The state-owned airline was recently forced to cut a...
  8. Jamie McKane

    SAA desperately needs its government bailout

    SAA desperately needs its government bailout South African Airways has yet to receive the R2-billion bailout it was promised by the government last year and is growing desperate as another payment deadline approaches. Speaking to Rapport, National Treasury confirmed that SAA had not yet...
  9. Jamie McKane

    The plan to merge SAA's operations with Ethiopian Airlines

    The plan to merge SAA's operations with Ethiopian Airlines One of the proposed solutions to the problems at South African Airways (SAA) is to merge the company's operations with another major African airline, the Sunday Times reports. According to an internal document written by former SAA CEO...
  10. Jamie McKane

    SAA to receive additional funding from government

    SAA to receive additional funding from government South African Airways will receive additional state funding after Chief Executive Officer Vuyani Jarana resigned over what he said was a lack of government support for the loss-making carrier. Finance Minister Tito Mboweni included the...
  11. Jamie McKane

    South African Airways is an "unfixable mess"

    South African Airways is an "unfixable mess" South African Airways (SAA) CEO Vuyani Jarana recently resigned from the struggling state-owned enterprise, exacerbating the instability at the company. In his resignation letter, Jarana highlighted many problems at SAA, including mounting debt and...
  12. Jamie McKane

    SAA needs more support from government to stay alive - CEO

    SAA needs more support from government to stay alive - CEO In an interview with the City Press, SAA CEO Vuyani Jarana said that the struggling state-owned airline requires bold action from the government in order for its turnaround plan to succeed. Jarana said that while the government support...
  13. Jamie McKane

    See how much money Eskom and SAA lose every second

    See how much money Eskom and SAA lose every second State-owned enterprises (SOEs) are some of the biggest risks to the South African economy, with losses and bailouts running into billions each year. Over the last decade, under Jacob Zuma’s leadership, SOEs like Eskom, Prasa, SAA, and the SABC...
  14. Jamie McKane

    Telkom's head of finance now working for SAA

    Telkom's head of finance now working for SAA South African Airways (SAA) has appointed Deon Fredericks as its new interim Chief Financial Officer (CFO). Fredericks’ appointment as interim CFO was announced by the national carrier on Thursday. [SANews]
  15. Newsfeed

    SAA to cancel flights across 6 routes

    SAA to cancel flights across 6 routes SAA has announced it will cut flights on six regional routes, reported Tourism Update.
  16. Newsfeed

    SAA to cut flights to Cape Town, Port Elizabeth, and East London

    SAA to cut flights to Cape Town, Port Elizabeth, and East London South African Airways will reduce the number of flights between Johannesburg and Cape Town, and stop flights to Port Elizabeth and East London, in its quest to become profitable.
  17. Newsfeed

    South Africa and Zimbabwe in airline permit dispute

    South Africa and Zimbabwe in airline permit dispute All eight South African Airways flights between Harare and Johannesburg were canceled on Saturday when the Zimbabwe government demanded a foreign operators permit, a day after an Air Zimbabwe plane was grounded in the South African city for...
  18. Newsfeed

    Vuyani Jarana leaves Vodacom to become SAA CEO

    Vuyani Jarana leaves Vodacom to become SAA CEO Vuyani Jarana, head of Vodacom’s enterprise division, has been appointed as the new CEO of SAA.
  19. Jamie McKane

    Government could give up majority stake in Telkom to save SAA

    Government could give up majority stake in Telkom to save SAA Finance Minister Malusi Gigaba has revealed the need to sell state assets in a bid to inject nearly R16bn into South African Airways (SAA) so it can repay loans.
  20. Kevin Lancaster

    SAA website down

    SAA website down The FlySAA.com website of South African Airways is down.
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