Corporate Affairs

  • 0

    Call for SAA business rescue amid funding woes

    The recent High Court judgment ordering South African Airways (SAA) to pay Nationwide Airlines more than R104.6-million in damages for uncompetitive practices means the national carrier now has no wriggling room left, Alf Lees, the DA’s deputy shadow m…

  • 0

    R105m fine for abuse serves SAA right – former Nationwide MD

    South African Airlines (SAA) “tried all the tricks in the book”, but the law has finally prevailed and it “serves them right”, Vernon Bricknell former owner and MD of Nationwide Airlines, told Fin24 on Wednesday. Although he is disappointed that the South Gauteng High Court did not award the full amount Nationwide requested from SAA, Bricknell is satisfied that the national carrier “got what they rightfully deserved”.

  • 0

    We cannot fight railway crime alone – PRASA

    The Passenger Rail Agency South Africa (PRASA) says it cannot fight increasing violent crime at South Africa’s train stations on its own. PRASA was responding to the United National Transport Union (Untu) after the union slammed the body on Wednesday, …

  • 0

    SAA requires a whole new board – Gordhan

    Finance Minister Pravin Gordhan said South African Airways (SAA) requires a whole new board on Tuesday. Speaking at the EY and Johannesburg Chamber of Commerce and Industry (JCCI) business breakfast in Sandton on Tuesday, Gordhan said SAA needs an an e…

  • 0

    SAA must be put under business rescue – DA

    The stalemate between Finance Minister Pravin Gordhan and South African Airways (SAA) chairperson Dudu Myeni is rapidly driving the national carrier to total collapse and this cannot be allowed to happen, said the Democratic Alliance (DA) on Tuesday. The DA believes there should be an application to the relevant section of the Companies Act by applying to a high court for an order to place the SAA under supervision and commence business rescue proceedings. “This is to further prevent . . . Myeni and her dysfunctional board from driving the airline deeper into the ground and threatening our economy,” Alf Lees, DA MP and shadow deputy minister of finance, said in a statement.

  • 0

    SAA banking tender deferred due to debt consolidation

    South African Airways’ (SAA) controversial appointment of little-known finance company BnP Capital was not only expensive; it also put on hold an approved banking tender to Nedbank. News24 can exclusively reveal that SAA’s board approved the awarding o…

  • 0

    What SAA paid departing CEOs and CFOs

    In the past 11 years, South African Airways (SAA) has paid close to R23-million in separation packages to chief executives and chief financial officers who did not complete their contracts, according to a response to a parliamentary question. Pieter Gr…

  • 0

    SAA contractor BnP Capital had its FSB licence revoked – Outa

    Civil rights body Outa presented proof on Friday that BnP Capital, which has a contract with South African Airways (SAA), had its Financial Services Board (FSB) licence revoked. “We have learnt that the FSB licence of BnP Capital has been suspended,” said Outa director of legal affairs Advocate Ivan Herselman.

  • 0

    At least 100 injured in KZN train collision

    At least 100 people have been injured after two trains collided between the Mobeni and Havenside areas of KwaZulu-Natal on Thursday afternoon, Marshall Security said. The private security company said it was unclear what had caused the accident.

  • 0

    Transnet employee falls to death while working on Mpumalanga bridge

    Transnet Limited’s largest division, Transnet Freight Rail (TFR), has launched an investigation into the death of an employee who fell to his death while on duty on a bridge in Mpumalanga. The deceased, whose name will be released once his relatives ha…

Page 30 of 44« First...1020...2829303132...40...Last »

Khudu Technologies © 2015 . All rights reserved.