South African Airways (SAA) will receive a further R4.8 billion from government by March next year according to Finance Minister Malusi Gigaba. The 2017 Medium Term Budget Policy Statement (MTBPS) tabled on Wednesday states that government has...
Finance Minister Malusi Gigaba has confirmed that controversial South African Airways (SAA) chairwoman Dudu Myeni has been replaced along with six other board members. In a statement released on Thursday Gigaba said Johannes Bhekumuzi Magwaza would...
Government has approved a R3 billion bailout for South African Airways (SAA) that will allow the airline to meet its debt obligations to Citibank, National Treasury said on Friday. “Government has approved the transfer of funds from the National...
As part of its programme to cut costs by reducing routes South African Airways (SAA) is cutting back on its flights to the Eastern Cape. Effective from 29 October, the national carrier will — while continuing its flights to the Eastern Cape...
South African Airways (SAA) plans to retire five aircrafts, reducing its flights by 23%, by the end of the year as part of a revamp aimed at getting the national carrier out of the red. According to a presentation by SAA executives submitted to...
National airline South African Airways (SAA) suffered considerable financial losses after a cabin crew members strike last week. This led to the cancellation of 50 flights on Wednesday, however, at the time, the financially struggling airline could...
Finance Minister Pravin Gordhan confirmed on Tuesday that SAA had made a loss of R4.7bn in the 2014-’15 financial year. “We owe it to the South African public that we be honest and frank and truthful about the financial status of the...
South African Airlines (SAA) is close to finalising the cancellation of a contract to supply 10 Airbus A320 aircraft as part of plans to get the national carrier back to profitability, its chief financial officer said on Wednesday. The cancelled...
South African Airways has lifted the embargo on the transportation and export of rhino, elephant, lion and tiger trophies. The embargo, implemented on 21 April 2015, sent the hunting industry into a tailspin amid claims that the move would dent...
