Posts tagged with 'South African Airways'

 

Dudu Myeni finaly fired as SAA chair

Leave a comment

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 JB Magwaza who has been appointed as the new board chairperson. It appears that members..
Continue reading…

Enjoyed this post? Share it!

 
 

SAA cash crunch deepens as suppliers have still not been paid

Leave a comment

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 to it. They had not been paid at the end of last week, a week..
Continue reading…

Enjoyed this post? Share it!

 
 

Gigaba lashes out against ‘hysteria’ over SAA bailout

Leave a comment

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 the steering committee of the CEO Initiative on Friday. He emphasised that government is still..
Continue reading…

Enjoyed this post? Share it!