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South Africa: SAA Aims to Break Even in 2021, Despite the Projected R7.2bn Loss in Next Two Years
Daily Maverick, 19 February 2019
SAA executives say they have a plan. The airline will be restructured into three units, although differently from Eskom, with a new focus on innovation and profitability. It just… Read more »
Turnaround Strategy on Cards for South African Airways
South African Airways has had its share of financial woes for a long time, with 2011 being the last time it made a profit. Mismanagment and spiralling operational costs have seen it receive bailouts from government but the challenges remain. Now there is talk of a new business strategy and "unbundling" for the airline and other parastatal, energy giant Eskom.
InFocus
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South African national carrier, South African Airways, seems well on its way to receiving yet another R5 billion bailout from the government, much to the disapproval of the ... Read more »
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Official opposition party the Democratic Alliance has called for the dismissal of South African Airways chair Dudu Myeni over the "planned raid on pensioners' money" to salvage the ... Read more »
