Corporate Affairs

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    State-owned airlines struggling in financial turbulence

    Two of South Africa’s State-owned airlines continue to experience tough times as they try to recover from their current deep financial crises. They are national flag-carrier South African Airways (SAA) and the completely separate regional operator SA Express. SAA is now in business rescue, and the Johannesburg High Court recently ordered that SA Express also be put into business rescue.

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    Rolls-Royce starts manufacture of the world’s largest aeroengine fan blades

    UK industrial technology group Rolls-Royce has announced that it has started manufacturing the world’s largest aeroengine fan blades. These are for its UltraFan demonstrator power plant, which will be unprecedentedly efficient and sustainable. A full set of UltraFan blades will have a diameter of 140 inches (355.6 cm or 3.566 m). This is only slightly smaller than the diameter of the fuselage of single-aisle (or narrowbody) airliners. (The Boeing 737 has a fuselage width of 3.80 m, while the equivalent figure for the Airbus A320 is 3.95 m.)

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    Organisers aim high for defence and aerospace expo

    Despite various challenges in South Africa, as well as in other Southern African Development Community (SADC) countries, the Africa Aerospace and Defence (AAD) Expo organisers hope to host a successful event this year, says AAD exhibition director Leona Redelinghuys. These difficulties include not only the global economic decline but also South Africa’s declining defence budget and the delayed procurement of new equipment.

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    Palabora, Grindrod sign five-year magnetite handling contract

    JSE-listed freight and logistics company Grindrod has entered into a five-year contract to transport five-million tonnes a year of magnetite by rail from copper miner Palabora Mining Company’s operations, in Limpopo, to the Matola terminal, in Mozambiq…

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    Palabora, Grindrod sign five-year magnetite handling contract

    JSE-listed freight and logistics company Grindrod has entered into a five-year contract to transport five-million tonnes a year of magnetite by rail from copper miner Palabora Mining Company’s operations, in Limpopo, to the Matola terminal, in Mozambiq…

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    Commission recommends Autopax be separated from PRASA

    The Competition Commission, in its Market Inquiry Into Land Based Public Passenger Transport report, has made a number of provisional recommendations to improve the functioning of public transport in South Africa. It has recommended that Autopax, a sub…

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    Commission recommends Autopax be separated from PRASA

    The Competition Commission, in its Market Inquiry Into Land Based Public Passenger Transport report, has made a number of provisional recommendations to improve the functioning of public transport in South Africa. It has recommended that Autopax, a sub…

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    Development Bank’s R3.5bn bailout of SAA may be depleted by early March – Gordhan

    Minister of Public Enterprises Pravin Gordhan has said that the R3.5-billion in emergency funding that South African Airways received from the State-owned Development Bank of Southern Africa earlier in the year may be depleted by early March. Gordhan was addressing a joint sitting of Parliament’s Standing Committee on Public Accounts and Parliament’s Portfolio Committee on Public Enterprises on Wednesday morning, where he stressed that the need to provide financial assistance to the beleaguered flag carrier would be a reality until the business rescue process is finalised. 

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    Development Bank’s R3.5bn bailout of SAA may be depleted by early March – Gordhan

    Minister of Public Enterprises Pravin Gordhan has said that the R3.5-billion in emergency funding that South African Airways received from the State-owned Development Bank of Southern Africa earlier in the year may be depleted by early March. Gordhan was addressing a joint sitting of Parliament’s Standing Committee on Public Accounts and Parliament’s Portfolio Committee on Public Enterprises on Wednesday morning, where he stressed that the need to provide financial assistance to the beleaguered flag carrier would be a reality until the business rescue process is finalised. 

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    ‘Speeding’ Shosholoza Meyl stopped in its tracks following fatal crash

    The Shosholoza Meyl, a long-distance train service operated by the Passenger Rail Agency of South Africa (PRASA), has been ordered to stop operating with immediate effect. This follows a fatal train crash on February 12, which left one man dead and sev…

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