south african airways restructure

Unions Called to Finalise South African Airways Restructuring Plan

By SAPeople 07-07-20 14:37

South Africa’s Department of Public Enterprises (DPE) has called on unions to convene their own bilateral meetings to finalise the South African Airways (SAA) restructuring plan. In a statement issued on Monday, the department said after withdrawing from the Leadership Consultative Forum (LCF), the department has had bilateral discussions with all unions, and is now […]

Final Accused in Alleged VBS Heist to Plead Guilty to 47 Charges

By SAPeople Staff Writer 06-07-20 17:57

The eighth suspect arrested over allegations of the R2 billion fraud at VBS Mutual Bank, Phillip Truter, appeared in the Palm Ridge Specialised Commercial Crimes court today to face 47 charges of fraud, theft, money laundering, corruption and racketeering. Truter, the former Chief Financial Officer of VBS, was in quarantine when the other seven, including […]

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National Treasury Repeats that It Won’t Bail Out SAA

By SAPeople Staff Writer 03-07-20 17:24

The National Treasury has reiterated its stance that it will not bail out South African Airways, apparently in direct conflict with Pravin Gordhan, who seems hell bent on saving the airline from liquidation. In its response to public submissions to the Supplementary Budget, the treasury today released a brief programme on what the next steps […]

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South African Banks Need to do More to Ensure Financial Inclusion

By SAPeople Contributor 03-07-20 15:58

An analysis of financial inclusion in South Africa shows that affordability limits poor households’ access to formal financial services. In our study, which looked at people’s use of financial goods and services between 2008 and 2015, we found that there was a general increase in use. But this was severely skewed to households with higher […]

Four Smaller SAA Unions Accept Severance Packages

By SAPeople Staff Writer 02-07-20 18:27

Four South African Airways unions and staff representatives have expressed an intention to sign voluntary severance packages offered as part of the airline’s business rescue and restructuring process. The three main unions, however, have so far not accepted the packages. These are the National Union of Metalworkers of South Africa (Numsa), the SA Cabin Crew […]

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MTN Gives R500K to Relief Fund for Journalists Hit by Pandemic

By Ted Botha 02-07-20 18:05

MTN South Africa has made a donation of R500,000 to a newly started relief fund to help journalists whose livelihoods have been devastated by COVID-19, and has exhorted other businesses to also help. A newly released report by the non-profit South African National Editors’ Forum, COVID19 Impact on Journalism, has highlighted the havoc that the […]

Auditor-General, South Africa. Photo: SANews

Municipalities in South Africa Waste R2-Billion on ‘Fruitless Expenditure’

By SAPeople 01-07-20 23:53

South Africa’s Auditor-General Kimi Makwetu says the SA government cannot afford to lose money because of neglect, inefficiencies or poor decision making. Makwetu said this when he released the report on the audit outcomes for municipalities for the financial year that ended in March 2019. “The levels of fruitless and wasteful expenditure have also increased. […]

KLM Repatriation flights from Europe to South Africa

More Repatriation Flights to South Africa from Europe

By SAPeople Contributor 30-06-20 17:11

KLM has announced two more flights in July that South Africans in Europe can catch if they would like to be repatriated home to SA. KLM said today that on the flights from Amsterdam, it is able to bring South African nationals and permanent residents back home.   If you would like to be booked […]

More Money For COVID-19 in South Africa But No Spending Strategy

By SAPeople 29-06-20 20:10

The supplementary budget tabled last week by South Africa’s finance minister, Tito Mboweni, whose primary objective was to make more money available for the fight against the COVID-19 pandemic, sheds no light on the relative prioritisation of prevention over treatment for COVID-19. Alex van den Heever reports. The required health system response to COVID 19 […]

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South African Government Welcomes COVID-19 Regulations Challenge Rulings

By SAPeople Contributor 29-06-20 10:14

Government has welcomed two high court judgments dismissing challenges related to the Disaster Management Act and its regulations. On 26 June, the Western Cape High Court dismissed an application that sought to challenge the constitutionality of the National Coronavirus Command Council as a subcommittee of Cabinet. In a separate case, the Gauteng High Court dismissed […]

Support for New South African Airways Gains Momentum

By SAPeople Staff Writer 26-06-20 18:45

The South African cabinet has said it supports the establishment of a new airline out of South African Airways and has backed the concerted efforts to mobilise funding from various sources that could see the proposed carrier take off. The mobilising of funding would include potential equity partners, government said in a post-Cabinet meeting statement. […]

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Agriculture Could Help Save Sinking SA Economy, Says Industry Expert

By SAPeople 26-06-20 17:49

Whether you pour one litre of water into a bucket riddled with holes, or a thousand litres, the outcome will be the same: There will be no water left. So writes Theo de Jager, head of the SA Agri Initiative (SAAi) and president of the World Agricultural Organisation. The bottom line of Finance Minister Tito […]

South Africa’s Cigarette Ban Case to be Heard in August

By SAPeople Contributor 26-06-20 13:04

Saai, an organisation that represents the interests of family farmers, will be in the Western Cape High Court in early August 2020 on behalf of farmers and farmworkers to have the government’s regulations on the banning of legal tobacco sales declared unconstitutional and invalid. The case will be heard together with nine other applicants, headed […]

Restaurants, Casinos, Cinemas to Resume Trading in South Africa

By SAPeople Contributor 26-06-20 11:03

Cinemas, restaurants, theatres and casinos can start operating again, albeit under strict conditions, after having closed for three months in the COVID-19 enforced lockdown. Cooperative Governance and Traditional Affairs (Cogta) Minister, Dr Nkosazana Dlamini Zuma, on Thursday signed and gazetted an amendment to the regulations for the advanced COVID-19 alert level 3 lockdown. Restaurants have […]

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5 Years Late, Medupi Power Station to be Completed in 2020

By SAPeople Staff Writer 23-12-20 23:32

The government has promised that the calamitous journey of its Medupi power plant, said to be the fourth-biggest in the world and first started in 2007, will be over this year and its sister plant Kusile completed in 2023. This was stated when Deputy President David Mabuza answered a question in Parliament today. He said […]

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Intrigue Behind Ramaphosa’s Rejection of the Copyright Bill

By André Myburgh 26-06-20 11:57

On Monday it was announced that President Cyril Ramaphosa had referred the contentious Copyright Amendment Bill back to Parliament on the basis that a number of its provisions are unconstitutional. This was 15 months after it had been passed by Parliament, more than 3 years after it had been formally introduced, and 9 years after […]

saa repatriation flights south africans june to and from sa

SAA Business Rescue Plan Vote Given Green Light

By SAPeople 25-06-20 10:14

The Department of Public Enterprises has welcomed the court judgment, which will see the creditors’ meeting to vote on the #SAA business rescue plan, go ahead as planned today. The Department of Public Enterprises (DPE) has welcomed the judgment to strike off the roll an urgent court application by SA Airlink. The airline this week […]

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South Africa To Borrow $7 Billion Globally as Debt Rises

By SAPeople Staff Writer 24-06-20 18:02

The government will need to borrow $7 billion from international finance institutions as one of the measures to cover the budget hole brought about by South Africa’s response to COVID-19, Finance Minister Tito Mboweni said today during his supplementary budget. “Debt is our weakness. We have accumulated far too much debt. This downturn will add […]

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