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saccalatest news & developments
Harith General Partners, one half of the consortium that will take over SAA, has come under scrutiny since the announcement of the national carrier’s new majority shareholder.
BAILOUT

Embattled SAA is set to receive balance of R10bn funding

Salary arrears owed to SAA staff will be paid by 19 February, and the public enterprises department commits to reskilling affected employees.

  • Chris Gilili
3 min read
BUSINESS RESCUE

SAA needs R2.2bn to pay for voluntary severance packages

More than 3 000 employees out of 5 000 have accepted the packages. The state-owned airline, which went into business rescue, is likely to retain 1 000 workers

  • Thando Maeko
2 min read
The department of public enterprises is concerned that the proposed sale of assets threatens its plans to engineer SAA 2.0 .
ANDREW REDDING

Unions vow to push ‘battle for survival’ at SAA

The Labour Court dismisses an application by Numsa and Sacca to have planned job cuts at SAA scrapped

  • Thando Maeko
2 min read
(Delwyn Verasamy/M&G)
COUNTRY

SAA’s options seem limited

Business rescue is unlikely to work for a state-owned airline, say experts. But the government has no money for bailouts

  • Tshegofatso Mathe
6 min read