Daily Maverick on MSN
New SAA boss promises discipline, growth while navigating credibility crisis
Acting CEO Matshela Seshibe has his work cut out as he talks up good governance against a backdrop of shambles.
Public Enterprises Minister Pravin Gordhan announced on Wednesday afternoon that the sale of a 51% stake in South African Airways (SAA) to the Takatso Consortium has been cancelled. This comes almost ...
Daily Maverick on MSN
‘Bailout is not part of our strategy’ — CEO Matshela Seshibe on SAA’s turnaround
SAA’s new acting CEO is facing strong headwinds to turn the business around from the cliff face it was about to crash into - ...
SAA last turned a profit in 2011 and since then the state-owned airline has been racking up financial losses while depending on billions in taxpayer-funded bailouts to survive. SAA’s dire financial ...
South African Airways (SAA) received a quiet government bailout of more than R1 billion in the 2024-25 financial year, contributing to its healthy profit announcement. The injection was in the form of ...
SAA is trying to rebuild its fleet of available planes, but on a timescale and with financial terms that suppliers say are so improbable that the exercise will likely be extremely expensive. On ...
Pilots at South African Airways have suspended their industrial action which has disrupted the carrier’s services since 5 December. The airline says the suspension took effect from 02:00 on 7 December ...
South African Airways (SAA) interim chief executive Thomas Kgokolo will leave the airline at the end of the month. Company chair John Lamola will assume the reigns as Executive Chair from May. SAA ...
South African Airways has reported a headline profit for the second year, but its financials since exiting business rescue have been called into question.
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