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Struggling SAA looks to tap Vodacom exec Vuyani Jarana for CEO role
By Loni Prinsloo (Bloomberg) — South African Airways has identified Vodacom Group executive Vuyani Jarana as the leading candidate to become the struggling state-owned carrier’s first permanent chief...
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BA-flying Dudu Myeni faces axe as taxpayers lose R12m per day on broke SAA
JOHANNESBURG — Another year, another SAA billion-rand bailout. Over the weekend, Treasury announced that SAA would receive a R2.2bn bailout to avoid a default with Standard Chartered. What is shocking...
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Directors personal liability: Nail Eskom and watch other SOE cookies crumble...
JOHANNESBURG — The trouble with the breakneck speed at which the world turns these days, is a lot goes by unread or unnoticed. And it’s thanks to journalists like Allan Greenblo that little gems are...
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Now a ‘14-point’ plan: Gigaba grabs at straws to save recession-hit SA
By Lameez Omarjee, Fin24 Johannesburg – Finance Minister Gigaba unveiled a 14-point action plan to revive the economy on Thursday. Gigaba announced the details of the inclusive growth economic action...
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Gigaba confirms SAA wrecking ball Myeni is out – OUTA welcomes the decision
OUTA media statement: The Organisation Undoing Tax Abuse (OUTA) welcomes Finance Minister Malusi Gigaba’s confirmation that Dudu Myeni will not serve another term on the board of South African Airways....
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Staff salaries at free falling SAA threatened – Myeni leaves chaos in her wake
Dudu Myeni, SAA chairperson CAPE TOWN — Conservative analysis of SAA’s cash flow given to parliament yesterday shows it’s effectively bankrupt and that the seemingly interminable government bailouts,...
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Loss-making SAA hires Vodacom exec Vuyani Jarana as new CEO
By Arabile Gumede and Loni Prinsloo (Bloomberg) – South Africa’s National Treasury confirmed the appointment of Vodacom Group executive Vuyani Jarana as the first permanent chief executive officer of...
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How SA was stolen: NPA, police in bed with Zupta crooks – O’Sullivan team
JOHANNESBURG — “Where is Shaun Abrahams?” This is a question that has been on many a South Africans’ lips in recent weeks amid the Gupta email leaks saga. Well, he may soon be forced to emerge as...
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Paul O’Sullivan: Backstory – NPA chief Abrahams is “wolf in sheep’s clothing”
LONDON — This week, Forensics For Justice issued a detailed sworn statement to support its call for a criminal case being brought against seven top officials in SA’s law enforcement structures. The...
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FNB CEO Jacques Celliers boycotts SAA: “This abuse has to come to an end!”
JOHANNESBURG — Cash-strapped South African Airways has become one of the chief epitome’s of state capture, corruption and ineptitude in South Africa. The airline runs at a loss, amounting to millions...
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‘You could go to prison’ for secret SAA document, says Cyril Ramaphosa
JOHANNESBURG — Throwing good money after bad. That’s the only way to describe how government plans to plug the financial hole that bedevils SAA. A plan by Gigaba to sell government’s stake in Telkom –...
View ArticleDisposition Effect: Telkom confirms Govt proposal to recap SAA by reducing...
It’s the news everyone already knew, following Democratic Alliance MP Alf Lees’ leak of a confidential Cabinet memo outlining the rescue of South African Airways. Telkom confirmed government’s proposal...
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Ted Black: Guess the company – robbing Peter to pay Paul
Ted Black JOHANNESBURG — State-owned enterprises have developed a reputation for being a suck on the fiscus. Whether it is SAA or even the SABC, it’s clear that governments should not be running...
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‘Stop the bleeding’: New SAA CEO Vuyani Jarana briefly outlines future plan
JOHANNESBURG — Vuyani Jarana has 22 years experience as a telecoms veteran, having spent all of this time with Vodacom. While the telecoms industry has had its own challenges such falling voice...
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Corrupt people are stealing before our very eyes, says Pravin Gordhan
JOHANNESBURG — Corruption in South Africa has become so blatant that the Zuptas are stealing right before our very eyes. This is what one can gleam from Pravin Gordhan’s latest comments on the matter....
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Gigaba vs Matjila: The scramble for pensioner funds – seeks $7.6bn SOE bailout
Events sparked by the KPMG-backed SARS Rogue Unit report are starting to come up for air. The 100 individuals who lost their jobs were safe-guarding the country’s revenue box from a Zuptoid onslaught....
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Discretionary power the ROOT of SA’s corruption, disinvestment – Martin van...
JOHANNESBURG — Controversial government decisions — ranging from letting Grace Mugabe leave South Africa to the bailout of SAA — all come down to one key factor: discretionary power. This is according...
View ArticleOLD FIRM: Worrying signs as world moves on, but SA stuck in past
David Shapiro and Alec Hogg highlight some worrying issues for the South African economy which is taking little notice of the way the world is transforming. The post OLD FIRM: Worrying signs as world...
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Sage advice for SAA’s new CEO, Jarana, from aviation expert, Guy Leitch
CAPE TOWN — In this surgically precise and highly knowledgeable open letter to SAA’s new CEO, the aviator, academic and publisher of Africa’s leading aviation magazine, SA Flyer, Guy Leitch, gives...
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Gigaba claims he won’t dip hand in PIC cookie jar for ‘unscrupulous reasons’
By Loni Prinsloo (Bloomberg) — South African Finance Minister Malusi Gigaba said he won’t ask Africa’s biggest money manager to provide funds to bail out state-owned companies that will put the...
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