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South Africa: Finance Minister's R10-Billion Plan to Bail Out Airliner
Daily Maverick, 24 August 2017
Government plans to sell its shares in profitable Telkom to raise R10-billion to bail out debt-ridden SAA emerged in Parliament on Wednesday, just hours after public spending… Read more »
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South Africa: Airline Chair Blames Carrier's Woes on Historic Legacies
Daily Maverick, 24 August 2017
SAA board chairperson Dudu Myeni on Wednesday put the blame for much of the national carrier's woes on historic legacies, including actions taken by "foreigners" like former CEO… Read more »
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South Africa: Sell SAA, Not the Future of SA
DA, 23 August 2017
Reports that the Minister of Finance, Malusi Gigaba, intends to "dispose of its 39.75% shareholding in Telkom, which is currently valued at approximately R14.4bn" to allow for an… Read more »
South African Govt's Telkom Shares to Bail Out 'Doomed' Airline?
Allegations that Finance Minister Malusi Gigaba aims to dispose of 39.75% of government-owned shares in Telkom valued at nearly R14 billion ($U.S.1 billion) to bail out debt-ridden airliner South African Airways has been described by official opposition the Democratic Alliance as "disturbing".
Video
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24 August 2017
DISCUSSION - SAA with Deputy Finance Minister Buthelezi - Part 1
- Publisher:
- SABC
- Publication Date:
On Wednesday the South African Airways briefed Parliament on measures it is taking to curb irregular, fruitless and wasteful expenditure at the ... see more »
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24 August 2017
DISCUSSION - SAA with Deputy Finance Minister Buthelezi - Part 2
- Publisher:
- SABC
- Publication Date:
On Wednesday the South African Airways briefed Parliament on measures it is taking to curb irregular, fruitless and wasteful expenditure at the ... see more »
InFocus
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Dudu Myeni's re-appointment as chair of the SAA board has been called a "massive political defeat" for Finance Minister Pravin Gordhan. Read more »
