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South Africa: What Next for National Airline SAA in Business Rescue
The Conversation Africa, 5 December 2019
South African President Cyril Ramaphosa has taken the decision to put South African Airways, the cash-strapped national flag carrier, into voluntary business rescue. Caroline… Read more »
On a Wing and a Prayer, South African Carrier In Business Rescue
"The board of SAA has adopted a resolution to place the company into business rescue. This decision is supported by government," Public Enterprises Minister Pravin Gordhan said in an official statement. The national airline has been struggling for years with gross financial mismanagment and received several bailouts from government over the years.
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South Africa: South African Airways Placed Under Business Rescue
Daily Maverick, 5 December 2019
SAA is in business rescue as of right now - with a price tag totalling R4-billion in cash and government guarantees, even if some of the T&Cs remain outstanding. Read more »
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South Africa: SAA - a Moving Target As Cabinet Meets to Discuss Financial and Compliance Turmoil of National Carrier
Daily Maverick, 3 December 2019
SAA and what to do with the insolvent national carrier is on the agenda of Tuesday's Cabinet meeting. Right now a course of action remains a moving target as political, financial… Read more »
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South Africa: Desperation Time for SAA
Daily Maverick, 2 December 2019
In a desperate move to stop South African Airlines snowballing into bankruptcy, the Public Enterprises department has endorsed 'radical restructuring' at SAA and blamed trade… Read more »
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South Africa: Public Enterprises On South African Airways
Govt of SA, 1 December 2019
SAA has been through difficult challenges over the years, and more particularly in past few weeks. Read more »
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South Africa: Strike Deteriorates SAA Financial Position
SAnews.gov.za, 28 November 2019
The recent South African Airways strike has resulted in a sudden deterioration of the state-owned company's financial position, the Public Enterprises Ministry has revealed. Read more »
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South Africa: A Comedy of Errors, If It Wasn't So Tragic - SAA Misses Accountability Date With Scopa
Daily Maverick, 28 November 2019
SAA stood up Parliament's public spending watchdog, the Standing Committee on Public Accounts, at the last minute on Wednesday. But as the national airline may well find out, hell… Read more »
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South Africa: Public Enterprises Update On South African Airways
Govt of SA, 27 November 2019
The strike at South African Airways SOC Limited (SAA) with consequential cancellation of bookings has resulted in a sudden deterioration of SAA's financial position. Read more »
InFocus
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The Public Enterprises Ministry has said in a statement that it is working with South African Airways (SAA) to enable the embattled state-owned enterprise to carry on its business. ... Read more »
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South African national carrier, South African Airways, seems well on its way to receiving yet another R5 billion bailout from the government, much to the disapproval of the ... Read more »
