As the government continues to grapple with the troubles facing the airline, it would do well to keep on eye on the impending Denel implosion
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The scramble to find cash for an SAA bailout, Covid-19 grants and civil servants’ demands force postponement of mini-budget
State participation is valid when the market can’t deliver what’s needed, such as roads and rail networks and telecommunications. But banks and airlines are private enterprise concerns
The state-owned airline owes R16.4-billion to lenders and needs an additional R10.1-billion to fund the business rescue plan
More than 3 000 employees out of 5 000 have accepted the packages. The state-owned airline, which went into business rescue, is likely to retain 1 000 workers
Unions and staff representatives have agreed to severance packages for about 2 700 employees who will lose their jobs.
Labour representatives argue that the state airline just ‘expects 78% of workers to accept one week’s pay’ for each year worked
Draft agreement document spells out that R1.5-billion will be needed to fund severance packages for 2 400 of the airline’s employees
The department of public enterprises is concerned that the proposed sale of assets threatens its plans to engineer SAA 2.0
Vuyo Tuku says he was never accused of spying even when SAA sent charges to him
Airline brought back from the brink as rescue practitioners and Gordhan agree to work on a rescue plan by the end of June
The uncertainty of a post-Covid-19 airspace makes it even more difficult for the airline industry to forecast its recovery
Data shows that during the lockdown the statutory body has dealt with 75% fewer cases than during the same period last year
The minister is also expected to announce talks with unions towards a new airline after the shut-down of the cash-strapped national carrier
As SAA subsidiaries declare hardship to staff, business-rescue practitioners urge them to sign agreements to save severance payouts
Practitioners inform staff that the government’s rejection of R10-billion bailout last week almost guarantees that the prospect of rescue is now impossible
Airports company, airlines on notice for mercy flights to evacuate foreigners from South Africa
Employees at the embattled state-owned airline have been forced to take leave as SAA cancels all flights during South Africa’s lockdown
With the disease hitting the airline industry hard, SAA has told employees it will run out of money by March 31. Workers must either lose their jobs or move to part-time jobs, it says
Political parties want more details on SOE bailouts, wage cutbacks
Judge Wendy Hughes says this is the final extension because finality is “owed to the nation”
The Labour Court dismisses an application by Numsa and Sacca to have planned job cuts at SAA scrapped
The airline’s employees in Durban have been told to join the unemployment queue on March 1 because the city’s route will be closed at the end of February
The struggling national carrier’s business rescue practitioners say the move to restructure the airline is a bid to return to profitability and to attract equity partners
To improve the South African economy, we need to institute practical measures to effect change
Unions cite board apathy and lack of communication as they prepare for a strike that could cripple the state airline’s operations
Vuyi Raseroka is the latest executive at the crisis-prone airline to have their wings clipped
Nico Bezuidenhout, who left Mango in 2016 to join regional low-cost airline Fastjet, will be the latest name to be unveiled by SAA’s board
The board of SAA will brief the media on the resignation of chief executive Vuyani Jarana
In the past week, factions have used Jarana’s resignation as a tool in a bid to shake the powers of Public Enterprises Minister Pravin Gordhan
The resigned SAA CEO is now under investigation over the leaking of his resignation letter to the media
The former ANC MP’s evidence relating to the alleged 2010 meeting with Ajay Gupta has proven difficult to corroborate