SA Express finally tables financial statements

13 November 2019, 5:33 PM
South African Express has finally tabled its financial statements in Parliament. The airline recorded losses to the tune of R590 million for the financial year that ended on the 31st of March 2019.
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Satawu will not be joining SAA strike 14 November 2019, 12:00 PM

SAA has advised its customers to contact its call centre or their travel agents to make alternate flight arrangements or request a refund.

SAA cancelling flights is self-sabotage: SACCA 14 November 2019, 8:25 AM

The South African Cabin Crew Association (SACCA) has described as self-sabotage SAA's decision to cancel all its domestic, regional and international flights scheduled for Friday and Saturday.

SAA cancels all flights scheduled for Friday and Saturday 14 November 2019, 6:31 AM

South African Airways has cancelled all its domestic, regional and international flights scheduled for Friday and Saturday.

Ramaphosa confident BRICS countries will overcome challenges 14 November 2019, 5:59 AM

The Business Forum and the Business Council have emerged as central pillars of our BRICS formation. These are the words of President Cyril Ramaphosa who joined his four counterparts at the conclusion of the business segment of this year’s BRICS summit in Brazil.

Exploring the potential of Moringa farming 13 November 2019, 8:01 PM

Moringa farming, agro-processing and sales may be one of the ways to help grow the economy of the country.

SAA plane
Unions give SAA strike notice 13 November 2019, 3:33 PM

Two unions have given SAA notice to go on strike.

PIC pushes to have Sekunjalo liquidated 13 November 2019, 12:45 PM

The Public Investment Corporation (PIC) has confirmed that it has filed liquidation proceedings against Sekunjalo Independent Media.

WATCH LIVE: Africa Investment Forum, 13 November 2019 13 November 2019, 8:47 AM

The Africa Investment Forum continues in Johannesburg.

Petrol stations on Nigeria’s borders close after fuel delivery ban 13 November 2019, 6:30 AM

Fuel stations along Nigeria's land borders have closed and prices have spiked after customs authorities banned deliveries of petroleum products to stations within 20 kilometres of the border in an attempt to curb smuggling.

Restructuring necessary to secure airline’s future: SAA 12 November 2019, 7:20 PM

Embattled state-owned entity South African Airways (SAA) has sought to clarify why it plans to proceed with its restructuring process that will result in job losses.

Four more companies liquidated to recoup VBS money 12 November 2019, 6:03 PM

Four more companies have been liquidated through the High Court in Pretoria in the ongoing process to recoup money lost by creditors and depositors in the liquidated VBS Mutual Bank.

Agri-SA appeals for financial aid as drought impacts agricultural sector 12 November 2019, 5:05 PM

Agri-SA says the agricultural sector is facing tough financial times because of the ongoing drought. Farmers are planting less, livestock is dying and jobs are being lost

SAA to negotiate with unions on its restructuring plans 12 November 2019, 2:37 PM

South African Airways (SAA) says it's about to start talking to unions about its restructuring plans which include cutting more than 900 jobs to stem severe financial losses.

SAA Flight
Planned retrenchments a ploy for workers to drop demands: NUMSA 12 November 2019, 12:35 PM

Labour union NUMSA says the planned retrenchments of some 944 South African Airways  employees are a ploy by the national carrier to get workers to drop their wage demands.

SAA Flight
Job cuts loom at SAA 12 November 2019, 9:36 AM

The South African Transport and Allied Workers Union say the national carrier South African Airways (SAA) did not consult them about the possible retrenchments.

WATCH LIVE: Africa Investment Conference, 12 November 2019 12 November 2019, 9:03 AM

The Africa Investment Conference continues in Johannesburg on Tuesday.

Train
Transnet’s revenue grows by 2,9% to R38,7 billion 11 November 2019, 3:05 PM

Transnet  Acting Chief Executive Officer Mohammed Mohamedy says the R22-billion  investment that the company pledged at the second South Africa Investment Summit last week -is in line with key projects contained in the company's corporate plans.

Shutdown of some operations at ArcelorMittal a blow to economy 11 November 2019, 3:01 PM

Western Cape Finance and Economic Opportunities Minister David Maynier says the decision to shut down some of the operations at ArcelorMittal in Saldanha will be a huge blow to the regional economy of Saldanha Bay.

Business magnate Allan Gray dies 11 November 2019, 2:40 PM

South African business magnate Allan Gray has died aged 81, after suffering a heart attack over the weekend while in Bermuda.

Cyril Ramaphosa
Ramaphosa says Free Trade agreement is a game-changer 11 November 2019, 1:05 PM

President Cyril Ramaphosa said the AFTCA will be a game changer for investment and business opportunities in the next ten years for Africa.

David Makhura
Makhura urges investors to continue investing in the continent 11 November 2019, 12:02 PM

Gauteng premier David Makhura has utilised the opening ceremony of the Africa Investment Forum underway in Sandton to showcase economic opportunities that the province has to offer.

WATCH: Africa Investment Forum 11 November 2019, 8:57 AM

The focus of the international investor community will be on the rest of Africa with the hosting of the second Africa Investment Forum this week.

Some of the people attended the forum last year.
Africa Investment Forum gets underway on Monday 11 November 2019, 8:44 AM

The African Development Bank will on Monday host the second edition of the Africa Investment Forum. The 3 day event will be held at the Sandton Convention Centre north of Johannesburg.  

Former Eskom Chair calls on previous directors to turn SOE around 11 November 2019, 6:11 AM

Former Eskom Chairperson and Business man Reuel Khoza says Eskom could perform better if all the directors who proved their capabilities at the power utility could be asked to come back.

Money
Municipalities under pressure to enforce credit control measures 10 November 2019, 4:40 PM

Pressure is mounting on municipalities to enforce credit control measures amid spiralling debts.

UK Conservatives put $1.5 trillion price tag on Labour opposition plans 10 November 2019, 12:46 PM

Prime Minister Boris Johnson’s Conservative Party said the opposition Labour Party would spend an extra 1.2 trillion pounds ($1.5 trillion) over the next five years if it wins power in an election on December 12, British newspapers reported on Saturday.

VBS Bank
Municipalities lodge claims in insolvent VBS bank estate 10 November 2019, 6:38 AM

VBS Mutual Bank liquidator Anoosh Rooplal says many municipalities have lodged their claims to the insolvent estate of the bank during the liquidator's second meeting of creditors.

China
China’s foreign trade up 2.4% in first 10 months 9 November 2019, 7:14 PM

China's foreign trade registered stable growth in the first 10 months of 2019 by expanding 2.4 percent year on year, the General Administration of Customs said Friday.

Municipalities continue to lodge claims against VBS Mutual Bank 9 November 2019, 3:24 PM

VBS Mutual Bank liquidator, Anoosh Rooplal says many municipalities have lodged their claims in the insolvent estate of the bank during the liquidator's second meeting of creditors.

Consumers urged to use money wisely during Black Friday 9 November 2019, 9:14 AM

Consumers are being warned against falling into a debt trap as festive season shopping kicks off at the end of the month.