Corporate Affairs
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Court rules in favour of Comair in SAA case
Comair advised shareholders on Wednesday that the South Gauteng High Court has ruled in its favour in a case Comair initiated against South African Airways (SAA) 14 years ago in respect of the national carrier’s anti-competitive travel agent incentive …
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Sanral, City of Cape Town to co-operate after tolls judgment
The City of Cape Town and Sanral on Sunday affirmed their willingness to work together after the roads agency lost a court appeal over tolls for the N1 and N2 highways. “The City is willing to partner with Sanral and provide some of the funding for the necessary projects,” said Cape Town mayor Patricia de Lille.
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Regional airlines flock to Zim as it opens its skies
RwandAir and Ethiopian Airlines are the newest airlines to fly to Zimbabwe, as the government opens up its skies to other players after years of state protectionism for the country’s ailing flag carrier Air Zimbabwe. The two airlines will start flights to Zimbabwe this year and are banking on the upgrade of Victoria Falls airport and growing prospects for business travel between Harare and regional as well as international destinations.
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Comair CEO raises questions on State airlines merger
It is unclear what a merger between the three State-owned airlines SAA, Mango and SA Express would achieve that cannot be achieved by each airline individually, Erik Venter, CEO of Comair, told Fin24. This was in reaction to a parliamentary response by…
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‘Would you resign?’ MP asks Sanral board chair over R1.6bn in irregular spending
The South African National Roads Agency’s (Sanral) management style was described as “the blind leading the blind” during a meeting with MPs on Tuesday. The state-owned entity appeared before the Standing Committee on Public Accounts (Scopa) for the second time this month, where it was again slammed for its casual attitude towards its R1.6-billion in irregular spending.
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Meter taxis lose bid to declare Uber anticompetitive
The Competition Commission has struck down meter taxi drivers’ bid to declare internet app Uber as engaging in predatory pricing and anti-competitive behaviour. In May this year, eight regional taxi companies and 150 individual members of the SA Meter Taxi Association filed the application against Uber with the Competition Commission.
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Here’s how Gordhan can ease fiscal pressure in mini budget
One way Finance Minister Pravin Gordhan can ease the country’s fiscal pressure is by halting the proposed Wild Coast N2 highway in the Eastern Cape, which could cost over R8-billion to construct. That’s the advice from the Organisation Undoing Tax Abuse (Outa) on Monday. It was responding to a report that recommended the suspension of the N2 toll road project over concerns about its economic benefits.
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SA Express won’t table results after failing auditor’s test
Public Enterprises Minister Lynne Brown said she won’t table the SA Express annual report for the 2015/16 financial year by the deadline on Friday as the airline failed to satisfy the auditor general’s solvency and liquidity test. In a letter to the Speaker of Parliament Baleka Mbete on Thursday, Brown said she is not in a position to table the SA Express annual report including the audited financial statements for the 2015/16 financial year by September 30, 2016.
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Sanral judgment a victory for Cape Town – De Lille
Sanral should stop wasting taxpayers’ money and concede that they have followed an unlawful process in trying to toll the N1 and N2 freeways in Cape Town, the city’s mayor said on Thursday. “The City of Cape Town has won every round in court since we launched our review application on 28 March 2012 to set aside approvals that enable the South African National Roads Agency to toll sections of the N1 and N2 freeways in Cape Town,” Patricia De Lille said after a Supreme Court of Appeal ruling.
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SCA to rule on Winelands tolling
The Supreme Court of Appeal is to rule on the Winelands toll route matter on Thursday. The South African National Roads Agency Limited (Sanral) appealed a judgment over the right to toll the N1 and the N2 highways in August. The judgment was in favour …