Corporate Affairs

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    Court dismisses Myeni’s bid to have Outa withdraw from delinquency case

    The High Court in Pretoria on Thursday dismissed former South African Airways board chairperson Dudu Myeni’s application challenging the Organisation Undoing Tax Abuse’s involvement in a case which seeks to have her declared a delinquent director.

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    Court dismisses Myeni’s bid to have Outa withdraw from delinquency case

    The High Court in Pretoria on Thursday dismissed former South African Airways board chairperson Dudu Myeni’s application challenging the Organisation Undoing Tax Abuse’s involvement in a case which seeks to have her declared a delinquent director.

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    Cape Town central train line still suspended as officials seek cable theft solution

    Train commuters on Cape Town’s central line are still without rail services as continued fears over cable theft, safety and subsequent repairs have hindered Metrorail’s services. For the last month, commuters from areas such as Khayelitsha and Mitchell…

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    Cape Town central train line still suspended as officials seek cable theft solution

    Train commuters on Cape Town’s central line are still without rail services as continued fears over cable theft, safety and subsequent repairs have hindered Metrorail’s services. For the last month, commuters from areas such as Khayelitsha and Mitchell…

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    What now for R1.1bn settlement SAA has with Comair?

    Comair has said it is still too early to speculate about what will happen to outstanding payments it is owed by South African Airways as part of a R1.1-billion legal settlement. The airline, which operates its own low-cost carrier kulula.com as well as British Airways in South Africa under a licence agreement, said it intends to meet with SAA’s recently-appointed business rescue practitioner, Les Matuson “in due course” to discuss the matter.

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    What now for R1.1bn settlement SAA has with Comair?

    Comair has said it is still too early to speculate about what will happen to outstanding payments it is owed by South African Airways as part of a R1.1-billion legal settlement. The airline, which operates its own low-cost carrier kulula.com as well as British Airways in South Africa under a licence agreement, said it intends to meet with SAA’s recently-appointed business rescue practitioner, Les Matuson “in due course” to discuss the matter.

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    Mbalula dissolves PRASA interim board, places it under administration

    Transport Minister Fikile Mbalula has dissolved the interim board of the Passenger Rail agency of South Africa and placed the struggling State-owned entity under administration with immediate effect. Bongisizwe Mpondo has been appointed as its administrator. Mbulala on Monday described Mpondo as an “entrepreneur who has an extensive record in corporate governance and working with public institutions to improve operational efficiencies”. He has served on the boards of the East London Industrial Development Zone, South African Express and South African Airways. Mbalula also announced that secondment of the acting Group CEO, Dr Nkosinathi Sishi, has also been withdrawn with immediate effect.

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    Mbalula dissolves Prasa interim board, places it under administration

    Transport Minister Fikile Mbalula has dissolved the interim board of the Passenger Rail agency of South Africa (Prasa) and placed the struggling State-owned entity under administration with immediate effect. Bongisizwe Mpondo has been appointed as its administrator. Mbulala on Monday described Mpondo as an “entrepreneur who has an extensive record in corporate governance and working with public institutions to improve operational efficiencies”. He has served on the boards of the East London Industrial Development Zone, South African Express and South African Airways.

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    Mbalula dissolves PRASA interim board, places it under administration

    Transport Minister Fikile Mbalula has dissolved the interim board of the Passenger Rail agency of South Africa and placed the struggling State-owned entity under administration with immediate effect. Bongisizwe Mpondo has been appointed as its administrator. Mbulala on Monday described Mpondo as an “entrepreneur who has an extensive record in corporate governance and working with public institutions to improve operational efficiencies”. He has served on the boards of the East London Industrial Development Zone, South African Express and South African Airways. Mbalula also announced that secondment of the acting Group CEO, Dr Nkosinathi Sishi, has also been withdrawn with immediate effect.

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    Ramaphosa: We will take drastic steps to save State companies – just look at SAA

    President Cyril Ramaphosa used his weekly newsletter to say that the implementation of business rescue at South African Airways (SAA) is a sign that government was prepared to take “drastic steps” to save South Africa’s ailing State-owned entities (SOEs).  Last week it was also announced that beleaguered flag carrier would undergo business rescue, after years of losses. 

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