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Harith General Partners, one half of the consortium that will take over SAA, has come under scrutiny since the announcement of the national carrier’s new majority shareholder.
BUSINESS RESCUE

SAA creditors give go-ahead on rescue plan

Unions and staff representatives have agreed to severance packages for about 2 700 employees who will lose their jobs.

  • Thando Maeko
3 min read
Even before the first Covid-19 case was confirmed in South Africa, SAA was in as bad shape as it gets (Delwyn Verasamy/M&G)
CORONAVIRUS SOUTH AFRICA

Without a clear plan, SAA stood no chance

Despite R50 billion being pumped into the state airline, the current collapse was always likely thanks to political appointees, corruption and the ANC not deciding what it wanted…

  • Sabelo Skiti
12 min read
Thandeka Mgoduso confirmed her appointment by Gordhan on November 19, adding that current acting CEO Zuks Ramasia would remain in her position. (Daniel Born/The Times/Gallo)
COUNTRY

Gordhan announces an executive chairperson for crisis-hit SAA

‘Unique’ situation effectively gives airline two CEOs

  • Sabelo Skiti
3 min read
Stop gap: Martin Kingston of Business for South Africa, backs the effective but safe use of retirement funds and savings. (Paul Botes/M&G)
COUNTRY

SAA set for showdown with labour

Unions cite board apathy and lack of communication as they prepare for a strike that could cripple the state airline’s operations

  • Sabelo Skiti
6 min read
It could not be immediately established why Vuyi Raseroka was placed on suspension. (Image: Mikail Hansa)
PRAVIN GORDHAN

Yet another SAA exec suspended

Vuyi Raseroka is the latest executive at the crisis-prone airline to have their wings clipped

  • Sabelo Skiti
3 min read
Crashed: SAA board chair JB Magwaza (left) received a letter of complaint from former SAA group chief executive Vuyani Jarana saying trust had frayed with three board members, including Martin Kingston. (Paul Botes/M&G)
BNP CAPITAL

SAA recovery plan loses direction

Despite millions being spent on consultants and assurances of a turnaround, the state’s airline has ‘nothing to show for it’

  • Sabelo Skiti
6 min read
SAA chief executive Vuyani Jarana. (Reuters/Siphiwe/Sibeko)
RESIGNATION
Video

LIVESTREAM: SAA board briefing on Jarana’s resignation

The board of SAA will brief the media on the resignation of chief executive Vuyani Jarana

  • Staff Reporter
1 min read
The public enterprises minister has said there have been deliberate attempts to undermine the transaction, which is aimed at rehabilitating the airline. (Gulshan Khan/AFP)
PRAVIN GORDHAN

Government ineptitude taints Pravin

With the state not taking tough decisions on its struggling state-owned enterprises, Gordhan’s detractors will continue to question his agenda

  • Sabelo Skiti
4 min read
Deputy President David Mabuza seems to have the upper hand in the ANC’s ongoing factional battles. (Theana Breugem/ Beeld/Gallo Images)
ANC

Rumours swirl that key SOEs will report to Mabuza

In the past week, factions have used Jarana’s resignation as a tool in a bid to shake the powers of Public Enterprises Minister Pravin Gordhan

  • Sabelo Skiti
3 min read
Resigning himself: SAA chief executive Vuyani Jarana had to answer to the airline’s board about its poor performance and outstanding financials. (Elizabeth Sejake/Gallo Images/Rapport)
NUM

Inside the SAA battle: Throwing toys and bugging boardrooms

The chief executive has resigned but most unions are backing him and the board has yet to respond

  • Sabelo Skiti
6 min read
Resigning himself: SAA chief executive Vuyani Jarana had to answer to the airline’s board about its poor performance and outstanding financials. (Elizabeth Sejake/Gallo Images/Rapport)
RESIGNATION

SAA, Jarana impasse turns nasty with probe into leaked resignation letter

The resigned SAA CEO is now under investigation over the leaking of his resignation letter to the media

  • Sabelo Skiti
3 min read
Resigning himself: SAA chief executive Vuyani Jarana had to answer to the airline’s board about its poor performance and outstanding financials. (Elizabeth Sejake/Gallo Images/Rapport)
MONWABISI KALAWE

LISTEN:Understanding the state of SAA

M&G investigative journalist Sabelo Skiti spoke to Eusebius McKaiser about SAA after their CEO resigned at the weekend

  • Mg Online
  • Staff Reporter
1 min read
Mad scramble to secure broke SAA December salaries (Photo Archive)
PRAVIN GORDHAN

Mad scramble to secure broke SAA December salaries

SAA has received R15-billion in government bailouts in the last year

  • Sabelo Skiti
2 min read
SAA chief executive Vuyani Jarana recently survived a move to push him out. (Elizabeth Sejake/Rapport/Gallo)
DEPARTMENT OF PUBLIC ENTERPRISES

High-level turbulence rocks SAA

An atmosphere of mistrust hangs over the airline’s board, its chief executive and its minister

  • Sabelo Skiti
4 min read
(Delwyn Verasamy/M&G)
DEPARTMENT OF PUBLIC ENTERPRISES

SAA needs R3.5 billion by March, says interim CFO

SAA has been working closely with National Treasury and the department of public enterprises to steer itself to profitability

  • Khulekani Magubane
2 min read
The airline said it welcomed Ramaphosa’s assurances that it would remain in business. (Getty)
DUDU MYENI

SAA seeks to allay shutdown fears

The national carrier has moved to assure customers and suppliers that it would not be ‘shut down or sold’

  • Sibongile Khumalo
2 min read
(Delwyn Verasamy/M&G)
COMAIR

SAA flights’ failure to take off may down state airline

A related problem is that its maintenance and repair company could lose lucrative contracts

  • Sabelo Skiti
6 min read
Vittorio Massone is at the centre of Bain’s contract to design a new operating model that was allegedly used to break down the efficiency of Sars and resulted in the exodus of highly skilled employees.
BAIN AMP COMPANY

Bain head honcho mired in state capture allegations won’t be stepping down

Bain & Company clarified on Monday that its managing partner would be taking time to focus on cooperating with the Sars commission of inquiry

  • Luke Feltham
  • Sabelo Skiti
3 min read
In his report, AG Kimi Makwetu noted that unauthorised expenditure by provincial and national governments increased to to R2.1-billion. (Lisa Hnatowicz/Beeld/Gallo Images)
PARLIAMENT

SAA pilotless amid turbulence

A report reveals that weak financial controls are at the centre of the airline’s woes

  • Sabelo Skiti
6 min read
Finance Minister Nhlanhla Nene reported to Parliament a few months ago that 112 municipalities did not have the financial resources to execute their service delivery plans. (David Harrison/M&G)
NEDBANK

Costly Head winds pummel SAA

The free-spending chief executive’s British hire is set to earn a cool R5m for just six months’ work

  • Sabelo Skiti
6 min read