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South African Airways
Administrators at South African Airways have asked creditors to approve an extension until June 8 for the publication of a business rescue plan for the struggling state airline, a letter seen by Reuters said.
Administrators at state-owned South African Airways (SAA) will not sell assets for an interim period without involving the government, a memorandum signed by one of the administrators and the public enterprises ministry showed.
South African Airways has announced that it will continue to honour its flight obligations to cargo and evacuation flight customers all through this month.
The deadline for South African Airways (SAA) staff to agree layoff terms has been suspended while a judge considers his ruling in a court case brought by two trade unions at the cash-strapped airline.
South African Airways could start shedding its 5,000 staff from May 12 if unions and workers do not accept a proposed severance deal, administrators trying to rescue the airline said on Sunday.
South Africa’s rand was weaker early on Tuesday, reflecting worries over how the country will fund a 500 billion-rand ($26.5 billion) rescue package for its bruised economy.
South African Airways (SAA) faces a wind-down or liquidation after specialists appointed to try to save the state-owned airline said on Thursday they had run out of funds.
The South African government will work with unions to ensure that a new financially viable and competitive airline emerges from South African Airways (SAA) business rescue process, the Public Enterprises Ministry said on Tuesday.
The evacuation of the British nationals is as a result of the current corona virus pandemic in Nigeria. Several European countries have recently also evacuated their nationals from Nigeria. United States of America had also evacuated its own citizens who were willing to leave the country.
South Africa will increase welfare provision to help poor households suffering because of a nationwide lockdown aimed at containing the country’s coronavirus outbreak, President Cyril Ramaphosa said on Monday.
The South African rand opened weaker on Monday, mirroring moves elsewhere in emerging markets as fears over global economic growth dented appetite for riskier assets.
South African Airways (SAA) is offering severance packages to its entire workforce of around 5,000 workers, a proposal by the airline’s administrators showed, after the government said it wouldn’t provide more funds for rescue efforts.
Countries around the world are increasingly adopting sweeping measures to stem the spread of the new coronavirus, including full lockdowns, shutting down airports, imposing travel restrictions and completely sealing their borders.
Creditors of cash-strapped South African Airways (SAA) have authorised an extension of the deadline for the airline’s business rescue plan until May 29, the airline’s administrators said on Thursday.
South African Airways (SAA) said on Tuesday it will suspend all its domestic flights from Friday until April 16 in support of a national lockdown to curb the spread of COVID-19, the disease caused by the new coronavirus.
Forty-three of Africa’s 54 countries now have confirmed coronavirus cases, with the total at 2,046, the Africa Centers for Disease Control and Prevention has said.
Sub-Saharan Africa recorded its second coronavirus death on Friday as infections rose in South Africa, where the government warned bluntly of a long haul in the fight against the disease.
South Africa's finance minister is expected to walk a tightrope during the annual budget presentation to parliament on Wednesday, as the economy teeters on the edge of a fiscal cliff.
First Vice President of the Nigeria Football Federation, Barrister Seyi Akinwumi, has stated that the Football Federation is passionate about women football and that they are already coming up with plans to have the vacant position of the women national team filled.
Dozens of cities across the United States extended curfews through Sunday night and many deployed National Guard soldiers, amid continuing unrest on the streets.
A group of concerned Nigerians, Council of Nigerian Citizens in China, CNCC, has said the Federal Government is not serious about complaints of maltreatment of Nigerians in China.
The Senior Pastor of the Household of God Church International Ministries, Chris Okotie, on Sunday kicked against the Christian Association of Nigeria’s (CAN) proposed social distancing guidelines for churches.
Democratic presidential candidate, Joe Biden, visited the scene of an anti-racism protest in the state of Delaware on Sunday, saying that the United States was “in pain”.
A seven year old traditional injunction that restrained Cross River State Water Board Limited from distributing water to communities in Ogoja and some parts of the Northern Senatorial district of the state have been removed.
Liverpool stalwart Jamie Carragher has admitted that his team were not the better side on the night of their remarkable Champions League success against Milan in Istanbul in 2005.
The Chairman of the Presidential Task Force on COVID-19, Boss Mustapha, has said President Muhammadu Buhari, would receive more recommendations from the PTF on Sunday.
The National Association of Resident Doctors has issued a 14-day ultimatum to the government to address some of their pending demands, including the non-payment of COVID-19 inducement allowances.g
The National Vice Chairman, South-South of the Peoples Democratic Party, Chief Emmanuel Ogidi, yesterday, assured that the party would work hard to win the Edo State September 19 governorship election to keep the six states in the South South in its fold.