Corporate Affairs
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Metrorail suspends train service across Western Cape due to Eskom power cut
Hundreds of thousands of commuters in the Western Cape will be without rail transport on Thursday afternoon following a surprise temporary suspension of the rail service. Shortly before the afternoon commute, Metrorail announced its trains across the Western Cape were temporarily suspended with immediate effect due to “Eskom disconnecting traction supply”.
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Metrorail suspends train service across Western Cape due to Eskom power cut
Hundreds of thousands of commuters in the Western Cape will be without rail transport on Thursday afternoon following a surprise temporary suspension of the rail service. Shortly before the afternoon commute, Metrorail announced its trains across the Western Cape were temporarily suspended with immediate effect due to “Eskom disconnecting traction supply”.
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Gordhan: SAA business rescue practitioners have final say on airline’s restructure
South African Airways business rescue practitioners have the final say on a plan to restructure the embattled airline and government will respect that authority, Public Enterprises Minister Pravin Gordhan has said. Gordhan was speaking at News24′s Frontline post-Budget panel discussion on Thursday morning. SAA was placed under business rescue in December 2019. In early February its business rescue practitioners, Les Matuson and Siviwe Dongwana, cancelled dozens of routes in a bid to save cash.
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Gordhan: SAA business rescue practitioners have final say on airline’s restructure
South African Airways business rescue practitioners have the final say on a plan to restructure the embattled airline and government will respect that authority, Public Enterprises Minister Pravin Gordhan has said. Gordhan was speaking at News24′s Frontline post-Budget panel discussion on Thursday morning. SAA was placed under business rescue in December 2019. In early February its business rescue practitioners, Les Matuson and Siviwe Dongwana, cancelled dozens of routes in a bid to save cash.
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The night a Van der Merwe and Ledwaba took gold in London
After twenty years of first finding ways to kickstart the Gautrain project, then building and running the urban rapid-rail system, Gautrain Management Agency CEO Jack van der Merwe has retired. His skills are not lost to Gauteng, however, as he is set …
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The night a Van der Merwe and Ledwaba took gold in London
After twenty years of first finding ways to kickstart the Gautrain project, then building and running the urban rapid-rail system, Gautrain Management Agency CEO Jack van der Merwe has retired. His skills are not lost to Gauteng, however, as he is set …
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Insufficient customer commitment stalls liquid bulk terminal project
The development of the liquid bulk terminal in the Port of Ngqura, in the Eastern Cape, has been halted, says Oiltanking Grindrod Calulo (OTGC). OTGC is a joint venture (JV) between operating partner Oiltanking, a German multinational that is one of th…
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Insufficient customer commitment stalls liquid bulk terminal project
The development of the liquid bulk terminal in the Port of Ngqura, in the Eastern Cape, has been halted, says Oiltanking Grindrod Calulo (OTGC). OTGC is a joint venture (JV) between operating partner Oiltanking, a German multinational that is one of th…
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R16.4bn allocated to cover SAA’s debt and debt costs
Finance Minister Tito Mboweni announced on Wednesday that R16.4-billion would be allocated to South African Airways over the medium term to “repay the airline’s guaranteed debt and to cover debt-service costs”. Speaking to lawmakers, Mboweni said the “SAA Sword of Damocles has now fallen on us”, referring to the decision, made in December, to place the struggling national carrier into voluntary business rescue as a result of its inability to meet financial obligations.
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R16.4bn allocated to cover SAA’s debt and debt costs
Finance Minister Tito Mboweni announced on Wednesday that R16.4-billion would be allocated to South African Airways over the medium term to “repay the airline’s guaranteed debt and to cover debt-service costs”. Speaking to lawmakers, Mboweni said the “SAA Sword of Damocles has now fallen on us”, referring to the decision, made in December, to place the struggling national carrier into voluntary business rescue as a result of its inability to meet financial obligations.