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South African Airways moves forward with restructuring plans

South African Airways moves forward with restructuring plans
eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.

Port-elizabeth , Eastern-cape , South-africa , Victoria-falls , Matabeleland-north , Zimbabwe , Munich , Bayern , Germany , East-london , Lagos , Nigeria

Dudu-created dodo gets wings – official SAA report

Back in the skies with a skeletal staff, SAA’s rehabilitation – after a decade of mismanagement and financial frolics – has begun.

South-africa , South-africans , Pravin-gordhan , Les-matuson , Dudu-myeni , Jacob-zuma , Chris-bateman , Department-of-public-enterprises , Takatso-consortium , Rand-merchant-bank , National-treasury , Public-enterprises

South African Airways moves forward with restructuring plans

South African Airways moves forward with restructuring plans
eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.

Sao-paulo , Sãpaulo , Brazil , New-york , United-states , Lagos , Nigeria , Maputo , Mozambique , Kinshasa , Democratic-republic-of-the-congo , Lilongwe

SAA business rescue process comes to an end


SAA business rescue process comes to an end
Updated
Nokukhanya N Mntambo
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Business rescue practioners at South African Airways (SAA) have filed a notice of substantial implementation, signalling their exit from the airline.
https://twitter.com/KenyanNomad/status/1283072383667101696/photo/1
SAA was placed under business rescue in December 2019 to allow for restructuring and in a bit to make the national carrier financially viable.
 
Various unions, including the South African Transport and Allied Workers Union (Satawu), wanted business rescuers Les Matuson and Siviwe Dongwana out much sooner after they expressed concerns that the job hadn't been done.
 
 
"The BRPs are handing over to the SAA Interim Board a solvent business," said the department's spokesperson Richard Mantu.

South-africa , South-african , Richard-mantu , Les-matuson , Siviwe-dongwana , Department-of-public-enterprises , Workers-union-satawu , South-african-transport , Allied-workers-union , Public-enterprises , ரிச்சர்ட்-மண்டு , லேஸ்-மதுசொன்

Mango risks being grounded in May

Mango risks being grounded in May
moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.

South-africa , South-african , Richard-mantu , William-ndlovu , Les-matuson , Siviwe-dongwana , Mango-airlines , Department-of-public-enterprises , African-airways , Pilot-association-saapa , Labour-court , South-african-airways

The DA calls for SAA's new acting CEO to appear before SCOPA


The DA calls for SAA's new acting CEO to appear before SCOPA
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The DA is astounded by the appointment of Thomas Kgokolo as the acting SAA CEO. He is the latest person appointed to run the embattled airline despite having no experience in running an airline.

Thomas-kgokolo , Les-matuson , Siviwe-dongwana , Standing-committee-on-public-accounts , Standing-committee , Public-accounts , லேஸ்-மதுசொன் , நின்று-குழு-ஆன்-பொது-கணக்குகள் , நின்று-குழு , பொது-கணக்குகள் ,

Testing times for subsidiaries caught up in SAA maelstrom


MONEYWEB
LIVESTREAM
Testing times for subsidiaries caught up in SAA maelstrom
Mango ratcheting up costs due to delays in returning leased aircraft, while SAA Technical staff are ‘very close’ to withholding their much-needed labour.
By Moneyweb
13 Apr 2021 
00:01 
SAA Technical’s problems could result in even deeper crises for the local and international airlines that depend on it for technical service. Image: Supplied
An international private equity group has been waiting nine months for Mango – the broke, low-cost subsidiary of South African Airways (SAA) – to return two Boeing 737-800 aircraft after the leases expired in July last year.
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Germany , South-africa , United-kingdom , South-african , British , Tsakani-maluleke , Pravin-gordhan , Comair-kulula , Joachim-vermooten , Brps-les-matuson , Siviwe-dongwana , Boeing

SAA BRPs present 'final' settlement agreement to pilots


MONEYWEB
LIVESTREAM
SAA BRPs present ‘final’ settlement agreement to pilots
Says parts of the offer – aspects that it wants to pay off over three years – will lapse once rescue process is completed.
00:01 
So far pilot association Saapa is again standing firm. Image: Guillem Sartorio, Bloomberg
The South African Airways (SAA) business rescue process is set to conclude “soon” according to its rescue practitioners Siviwe Dongwana and Les Matuson.
However, the airline has yet to come to an agreeement with the SAA Pilots’ Association (Saapa).
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South-africa , South-african , Les-matuson , Siviwe-dongwana , Department-of-public-enterprises , African-airways , Pilot-association , Pilot-association-saapa , South-african-airways , Grant-back , Regulatory-agreement , Public-enterprises

Slight improvement in SOE audits is 'nothing to celebrate'


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app instead?
Slight improvement in SOE audits is ‘nothing to celebrate’
AG releases report into audit outcomes of national and provincial departments as well as the entities under their control.
00:01 
Auditor-General says irregular expenditure accumulated over many years and not yet ‘dealt with’ stood at more than R262bn at year-end. Image: Moneyweb
Earlier this month, South African Airways’ (SAA’s) business rescue practitioners Siviwe Dongwana and Les Matuson told parliament’s Standing Committee on Public Accounts (Scopa) that the airline’s 15-month-long business rescue process has been successful.
Dongwana and Matuson said the airline is now “solvent and liquid” following over a decade of loss-making and mismanagement.

South-africa , South-african , Tsakani-maluleke , Les-matuson , Africa-prasa , Siviwe-dongwana , Denel-aerostructures , Passenger-rail-agency , Gas-corporation , Eskom , African-broadcasting-corporation , African-airways

SAA BRP's claims of success a complete fiction

SAA BRP's claims of success a complete fiction
polity.org.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from polity.org.za Daily Mail and Mail on Sunday newspapers.

South-africa , Belgium , South-african , South-africans , Nkosazana-dlamini-zuma , Les-matuson , Siviwe-dongwana , Public-enterprises-pravin-gordhan , Department-of-public-enterprises , African-airways , Standing-committee-on-public-accounts , South-african-airways