Showing posts with label Malusi Gigaba. Show all posts
Showing posts with label Malusi Gigaba. Show all posts

Wednesday, May 15, 2013

► SOUTH AFRICA: SAA to finally take delivery of its long deferred A320 order beginning Q3.

SAA logoSouth African Airways (SA) will at last, begin taking delivery of twenty Airbus A320s in the next quarter (i.e.. July - September), South African Minister of Public Enterprises, Malusi Gigaba, has said. The order has been repeatedly deferred owing to SAA's ongoing financial woes.

Sunday, January 6, 2013

■ SOUTH AFRICA: SAA gets another USD64million bailout as poor fuel sourcing deals return to haunt the carrier.

SAA logoSouth African Airways' (SA) perennial problems with sourcing competitively priced Jet A1 fuel came back to haunt it once more as reports emerge of the carrier receiving an emergency USD64million (ZAR550million) "bank facility" from its sole shareholder, the South African government. 

Sunday, December 16, 2012

■ SOUTH AFRICA: Gigaba appoints Duduzile Myeni to Acting Chairwoman, Vuyusile Kona to Acting CEO of SAA.

SAA logoSouth African Minister of Public Enterprises, Malusi Gigaba, has appointed with immediate effect, Vuyisile Kona to the position of Acting Chief Executive Officer (CEO) and Duduzile Myeni as the Acting Chairwoman of the Board of South African Airways following a recent SAA Board meeting held on 7 December 2012.

Thursday, December 13, 2012

■ ETHIOPIA: Ethiopian Airlines shoots down Kenya Airways mega-merger idea as SAA now sets sights on dominating the African market.

Ethiopian Airlines (ET) has, for want of a better term, "shot down" a proposal by Kenya Airways' (KQ) outgoing CEO Titus Naikuni regarding a possible mega-merger between Ethiopian, Kenya Airways and South African Airways, as being impractical.

Tuesday, November 6, 2012

■ SOUTH AFRICA: War of words ensues as Gigaba defends Mango, attacks Venter over Comair's disdain for 1Time.

Comair LtdThe demise of LCC 1Time (T6) has led to a war of words between Comair Ltd's CEO Erik Venter and South African Minister of Public Enterprises, Malusi Gigaba.

Tuesday, October 16, 2012

■ SOUTH AFRICA: No privatization for SAA despite a confirmed $150million loss: Gigaba.

SAA logoMalusi Gigaba, the South African Minister of Public Enterprises, speaking on the occasion of South African Airways (SA) Post-AGM Briefing at Airways Park on Monday 15 October 2012, bemoaned SAA's below par performance during the 2011/2012 Financial Year, noting that whilst the global aviation industry, as a whole, has suffered in the current adverse global economic environment, SAA still fared poorer compared to its peers across the globe.

Tuesday, October 2, 2012

■ SOUTH AFRICA: SAA gets its USD600million bailout from Government.

South Africa coat of armsThe South African Government today announced that it would guarantee USD$600 million in loans for troubled state airline South African Airways (SA) over the next two years. The news comes as dust from  last week's mass boardroom resignation settles, with 8 new board-members having been appointed, in addition to a new chairman.

Sunday, September 30, 2012

■ SOUTH AFRICA: New SAA boss announced as mass resignations preempt mass firings.

SAA logoIn a dramatic chain of events, the entire boardroom scene at South African Airways (SA) changed literally overnight, when eight of its 14 board members, including its chairwoman Cheryl Carolus, pre-emptively resigned their positions on Thursday evening, following a leaked media report earlier in the week that allured to looming dismissals at both SAA and its sister regional carrier, SA Express (XZ).

Wednesday, September 26, 2012

■ SOUTH AFRICA: Heads to roll at SAA & SA Express as neither are able to present their FY 2011/12 annual reports by September 30.

SAA logoReports coming out of South Africa suggest that South African Airways (SA) is set for a top level shake-up in the near future. The looming shake up comes after a woeful presentation by SAA last week, in which it sought further government aid in the form of a USD750million bail out, failed to impress neither the South African Minister for Public Enterprises, Malusi Gigaba, nor Finance Minister Pravin Gordhan both of whom stipulated that management would have to rethink their future action plan and come up with a better one if it was to secure the funds.