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Oct
17
2022
By The African Mirror
The shrinking feeling

The shrinking feeling

THOUGHT LEADERSHIP
LAST week Friday I flew to Cape Town for a meeting. I specifically requested that I be booked on SAA for two reasons: firstly because it has always been my preferred airline when I was still a working individual and wanted to see and feel how the new one is shaping up. Secondly, because it is an airline owned by all of us as South African citizens. MOSIBUDI MANGENA The thing to notice is that whereas SAA used to be the dominant space occupier at both OR Tambo in Johannesburg and Cape Town airports, it is now puny, totally dominated…
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Dec
04
2020
By The African Mirror
S.Africa gives national airline $98 mln, but administrators can’t use it

S.Africa gives national airline $98 mln, but administrators can’t use it

BUSINESS
THE South African government has transferred 1.5 billion rands ($98 million) to administrators for national airline South African Airways (SAA) but the funds cannot be used yet, the administrators said. The administrators said the conditions the Department of Public Enterprises (DPE) attached to how the money should be spent were in contravention of labour and companies laws. “We are unable to utilise the funds until the conditions have been amended by the DPE,” they added in a statement. A DPE spokesman said the department would comment later. SAA entered a local form of bankruptcy protection in December last year after…
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Sep
12
2020
By The African Mirror
South African Airways needs state cash next week – administrators

South African Airways needs state cash next week – administrators

BUSINESS
SOUTH African Airways needs short-term funding from the government by the end of next week for the state carrier’s business rescue process to continue, its administrators said on Thursday. “It is prudent to advise affected persons of the company’s dire financial position,” they said in a statement. “The existing funds which are available for operational expenditure …are near depletion.” The administrators took control of SAA in December after almost a decade of financial losses and published their restructuring plan for the airline in June following repeated delays and wrangling over its future. They plan to scale back the fleet and…
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