Khaya Ngqula

 

SAA: Oil, currency volatility a big challenge

Staff Reporter

State-owned South African Airways (SAA) said on Tuesday its restructuring plan was on track but rising oil prices and a volatile exchange rate posed big challenges. The airline said last year it was seeking to save R638-million in labour costs in a bid to return to profitability and could shed more than 2000 jobs as part of a restructuring exercise.

SAA, pilots ink wage deal

Staff Reporter

South African Airways (SAA) and its pilots have reached a three-year salary and restructuring agreement, the airline announced on Thursday. The agreements would facilitate greater labour stability and assist the airline with its return to sustainable profitability, CEO Khaya Ngqula said.

'Shelters', not camps, for foreigners

Surika Van Schalkwyk, Sapa-AFP

The Department of Home Affairs said on Wednesday it planned to establish shelters for foreigners who have fled xenophobic attacks over the last two weeks. The BBC reported on Wednesday that seven "refugee camps" would be set up. By Monday night there were an estimated 17 000 displaced foreigners left in Johannesburg.

R20m collected for victims of xenophobia

Staff Reporter

Several institutions, including the Development Bank of Southern Africa, and national carrier South African Airways, offered funding totalling more than R20-million to xenophobia victims on Tuesday. SAA chief executive Khaya Ngqula said the airline would donate about R750 000 to the Red Cross.