South African government sells majority stake in airline SAA to consortium
The South African government is selling a 51% stake in South African Airways (SAA) to Takatso consortium, which will initially commit more than 3 billion rand ($221 million) to give […]
South Africa: Government announces Interim SAA Board
The Department of Public Enterprises (DPE) has announced an interim six-member South African Airways (SAA) board as the airline prepares to relaunch in 2021. In a statement on Wednesday, the […]
South African Airways rescue plan needs over R 10bn to work
JOHANNESBURG — Administrators at state-owned South African Airways (SAA) said on Tuesday the government needed to find more than 10 billion rand ($579.47 million) of new money for a long-delayed […]
No decision yet on SAA Business Rescue Proposal – SA Government
The Public Enterprises Department says it has received a draft Business Rescue Plan for South African Airways, which is under business rescue. The department’s spokesperson, Sam Mkokeli, on Monday said […]
JUST IN | SAA retrenchment notices were unfair, court rules
In the absence of a business rescue plan, the issuing of Section 189 notices commencing a consultation process over proposed retrenchments at South African Airways was procedurally unfair, the Labour […]
SAA employees handed ‘termination of employment agreement’ deadline
The more than 4 000 employees of South African Airways (SAA) were officially informed on Sunday that they are being offered what is likely to be a final chance to […]
Aviation consultancy to map out new airline to replace SAA, says DPE
The Department of Public Enterprises (DPE) said on Saturday it had roped in an international aviation firm to assist with the formation of a new airline to replace the embattled […]
A decision to shut SAA reached: NTM
SAA is being run by business practitioners. The National Transport Movement (NTM) says a decision to shut down South African Airways (SAA) and form a new airline has been reached. […]
Has South African Airways reached the end of the Runway?
The past decade has been turbulent for South African Airways. It had become a somewhat annual pilgrimage for SAA Executives to go to government seeking bailout to sustain operations. On […]