South African Airways Technical
latest news & developments
State capture-accused Yakhe Kwinana loses chartered accountant membership
In his report, Chief Justice Raymond Zondo said Kwinana either had no clue about or dishonestly pretended she did not know some of the basic obligations of her profession
South African Institute of Chartered Accountants investigates ‘clueless or dishonest’ Kwinana
Yakhe Kwinana, the former chairperson of SAA Technical, has been asked to make representations to Saica, but has not responded
Zondo: Myeni ally either dishonest or clueless, but must be prosecuted
The former chairperson of SAA Technical received R4.3-million in kickbacks from a supplier
Zondo report: Why Myeni must be prosecuted for SAA debacle
The first of three reports to be handed to the president outlines how misrepresentations by the former SAA board chairperson cost the airline R800-million
SAA will have a strategic equity partner by August, says public enterprises department
The airline’s outstanding government guaranteed debt is R6.4-million and the treasury says there are no new guarantees to mitigate future risks to the fiscus
SAA Technical flies into salary storm
Maintenance division is first SAA subsidiary to declare hardship to staff as travel ban effects grow at the state-owned airline
SAA’s choice: Restructure and cut 2 200 jobs or liquidate and lose 4 700
The business rescue practitioners say 29 of the fleet of 48 planes, various routes and inefficient services also need to go in the state-owned airline is to survive
SAA cancels flights, moves ahead with restructuring
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
SAA cut off to protect other SOEs
After years of pumping billions into the airline, government picked business rescue to prevent a wider fallout at Eskom and other state entities