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SAA suspends CFO over disciplinary process

13 March 2018, 6:15 PM  |
Reuters Reuters |  @SABCNews
Global online music streaming service,Spotify finally launches in South.

 Initially launched in 2008 in Sweden, Spotify took the Western world music market by storm gaining more than 159 million active users and about 71 million subscribers in over 60 countries worldwide.

How it works

The company said that a playlist of both local and international music is available to users upon subscription
 However users can opt to either have a free subscription which will enable them to listen to music for free with interruptions that include adverts that pop-up in between the streaming, or they can sign up for a premium subscription which allows for an  uninterrupted streaming session and downloading to play while offline.

Spotify like other online music streaming services such as Google Play and Apple iTunes will cost users R59.99pm.

Music Lovers will be thrilled to hear that the platform offers  a 30-day free trial for the premium service.

The streaming service is available on Google Play store, the Apple App Store as well as the Microsoft store.
The company added that It also works on Xbox and PlayStation consoles, TVs, and smart speakers.

Spotify did not only launch in South Africa on the 13th of March 2018, but also introduce the services Israel, Vietnam and Romania .

The national airline has been relying on government guarantees to keep it solvent and has been cited by major rating agencies as a threat to South Africa's economy.

Global online music streaming service,Spotify finally launches in South. Initially launched in 2008 in Sweden, Spotify took the Western world music market by storm gaining more than 159 million active users and about 71 million subscribers in over 60 countries worldwide. How it works The company said that a playlist of both local and international music is available to users upon subscription However users can opt to either have a free subscription which will enable them to listen to music for free with interruptions that include adverts that pop-up in between the streaming, or they can sign up for a premium subscription which allows for an uninterrupted streaming session and downloading to play while offline. Spotify like other online music streaming services such as Google Play and Apple iTunes will cost users R59.99pm. Music Lovers will be thrilled to hear that the platform offers a 30-day free trial for the premium service. The streaming service is available on Google Play store, the Apple App Store as well as the Microsoft store. The company added that It also works on Xbox and PlayStation consoles, TVs, and smart speakers. Spotify did not only launch in South Africa on the 13th of March 2018, but also introduce the services Israel, Vietnam and Romania . The national airline has been relying on government guarantees to keep it solvent and has been cited by major rating agencies as a threat to South Africa's economy.

Global online music streaming service,Spotify finally launches in South. Initially launched in 2008 in Sweden, Spotify took the Western world music market by storm gaining more than 159 million active users and about 71 million subscribers in over 60 countries worldwide. How it works The company said that a playlist of both local and international music is available to users upon subscription However users can opt to either have a free subscription which will enable them to listen to music for free with interruptions that include adverts that pop-up in between the streaming, or they can sign up for a premium subscription which allows for an uninterrupted streaming session and downloading to play while offline. Spotify like other online music streaming services such as Google Play and Apple iTunes will cost users R59.99pm. Music Lovers will be thrilled to hear that the platform offers a 30-day free trial for the premium service. The streaming service is available on Google Play store, the Apple App Store as well as the Microsoft store. The company added that It also works on Xbox and PlayStation consoles, TVs, and smart speakers. Spotify did not only launch in South Africa on the 13th of March 2018, but also introduce the services Israel, Vietnam and Romania . The national airline has been relying on government guarantees to keep it solvent and has been cited by major rating agencies as a threat to South Africa's economy.

State-owned airline South African Airways (SAA) has suspended indefinitely two officials including its chief financial officer, its spokesperson said on Tuesday, over a disciplinary process at the loss-making airline.

CFO Phumeza Nhantsi and the head of the airline’s technical unit Musa Zwane were suspended on Monday, the airline’s spokesperson Tlali Tlali said, without giving any reasons behind their suspension.

“It’s an internal matter that is governed by labour relations and we must observe internal processes. We’re not at liberty to give details on that at this stage,” he said.

They will remain suspended “until disciplinary processes have been finalised” he added.

Nhantsi and Zwane could not be reached for comment.

Nhantsi was appointed the airline’s permanent CFO in May last year after having served as an acting CFO since 2015.

The national airline has been relying on government guarantees to keep it solvent and has been cited by major rating agencies as a threat to South Africa’s economy. It received the latest bailout in September.

SAA’s CEO Vuyani Jarana said on Monday in a statement on the airline’s website, the board has developed and approved a five-year plan to turn the struggling airline around.

Losses at the airline are set to widen to R4 billion ($339 million) in 2017/18 from a previous estimate of 2.8 billion, it said in November, piling further pressure on government finances.

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Tags: Phumeza NhantsiGautengJohannesburgSAATlali TlaliMusa ZwaneVuyani Jarana
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