Dudu Myeni finaly fired as SAA chair

Dudu Myeni has been removed from the board of South African Airways in what could be a range of changes made to the leadership of the embattled airline. The Mail & Guardian understands that Myeni will be replaced by businessperson Read More …

No end to SAA’s nightmares

The nation’s beleaguered airline has breathing room until October 31 — Halloween, after which its debt demons may return to haunt it with a vengeance. It is understood that most of SAA’s lenders have agreed to roll over the outstanding Read More …

SAA cash crunch deepens as suppliers have still not been paid

South African Airways (SAA) appears to have exhausted its available cash reserves following news that suppliers have still not been paid for work done in July. The airline has thirty-day terms with a number of suppliers that provide essential services Read More …

Gigaba lashes out against ‘hysteria’ over SAA bailout

Finance Minister Malusi Gigaba has spoken out against what he termed hysteria that has been created around the options government is considering to recapitalise South African Airways (SAA). He was speaking at a briefing at Treasury following a meeting with Read More …

SAA to get R10bn bailout from sale of government stake in Telkom

Cash-strapped SA Airways is to get a R10-billion bailout through the sale of the government’s multibillion-rand stake in Telkom, parliament was told on Wednesday. DA MP Alf Lees dropped the bombshell in the National Assembly during question time with Deputy Read More …

ALERT: Passengers warned of SAA strike at OR Tambo International

Cape Town – Passengers are being advised to remain in contact with South African Airways, as a strike by its technical crew is set to get underway. Management of OR Tambo International Airport says they are aware of a strike Read More …