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South African Airways

South African Airways administrators request further delay for rescue plan

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.
South African Airways has announced that it will continue to honour its flight obligations to cargo and evacuation flight customers all through this month.

South African Airways administrators will not sell assets without involving government – memorandum

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.

South African Airways to continue honouring flight obligations

South African Airways has announced that it will continue to honour its flight obligations to cargo and evacuation flight customers all through this month.
A South African Airways (SAA) plane is towed at O.R. Tambo International Airport in Johannesburg, South Africa, January 18, 2020. REUTERS-Rogan Ward-File Photo

South African Airways layoff deadline suspended pending court ruling

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.
A passenger is seen at the South African Airways (SAA) customer desk, after SAA announced that it would immediately suspend all intercontinental flights until May 31 in response to a government travel ban aimed at stopping the spread of the coronavirus disease (COVID-19), at the O.R. Tambo International Airport in Johannesburg, South Africa March 20, 2020. REUTERS/Siphiwe Sibeko

South African Airways could shed staff from May 12 – specialists

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 African Rand

South African rand weaker on rescue package funding worries

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.
A South African Airways aircraft is seen at O.R. Tambo International Airport in Johannesburg, South Africa January 12, 2020. REUTERS-Sumaya Hisham-File Photo

South African Airways faces wind-down or liquidation as cash runs out

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.

South Africa aiming for new viable airline from SAA business rescue

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.
213 British nationals were Monday evacuated from Nigeria through the Muritala Muhammed International Airport, Lagos on a British Airways flight BA9157 .

213 British nationals evacuated from Nigeria through Lagos airport

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 African president Cyril Ramaphosa has declared a national state of disaster as he announced a range of extraordinary measures to contain the coronavirus outbreak that has infected 61 people so far.

South Africa to increase welfare provision over coronavirus – president

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.
South Africa’s rand traded slightly firmer early on Friday, recovering from a sharp dip in the previous session after the country confirmed its first case of coronavirus.

South African rand opens weaker as growth fears hurt riskier assets

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.
A passenger is seen at the South African Airways (SAA) customer desk, after SAA announced that it would immediately suspend all intercontinental flights until May 31 in response to a government travel ban aimed at stopping the spread of the coronavirus disease (COVID-19), at the O.R. Tambo International Airport in Johannesburg, South Africa March 20, 2020. REUTERS/Siphiwe Sibeko

South African Airways offers severance packages to all staff after state pulls plug

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.
Illinois health authorities are carrying out an investigation into the state’s first known death of an infant from the novel coronavirus. David Crosling-AAP

Coronavirus: Travel restrictions, border shutdowns by country

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.

South African Airways rescue plan deadline extended to May 29

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.
A passenger is seen at the South African Airways (SAA) customer desk, after SAA announced that it would immediately suspend all intercontinental flights until May 31 in response to a government travel ban aimed at stopping the spread of the coronavirus disease (COVID-19), at the O.R. Tambo International Airport in Johannesburg, South Africa March 20, 2020. REUTERS/Siphiwe Sibeko

South African Airways to suspend all domestic flights as lockdown looms

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.
The Sahel state of Burkina Faso on Wednesday announced its first death from coronavirus, which is also the first known fatality in sub-Saharan Africa.

Confirmed virus cases in African countries over 2000

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.
Lagos state governor, Mr. Babajide Sanwo-Olu, on Friday directed law enforcement agencies to arrest and disperse any large gatherings to prevent the spread of the deadly coronavirus in the state. 1

Africa in for tough battle as coronavirus cases rise

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.
All eyes will thus be on Finance Minister Tito Mboweni as he is expected to scale back public spending and find ways to raise revenue.

South African finance minister to walk budget tightrope

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.

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