Topic

South African Airways

Mauritius to stop flights from S Africa over new coronavirus variant

Published 28 Nov, 2021 05:38am

NAIROBI: Mauritius will suspend all commercial passenger flights from South Africa from Nov. 28 due to the new...

South African rand set for first red week in four

Published 11 Jun, 2021 11:39pm

He said that volumes on the Johannesburg Stock Exchange were quite low suggesting that investors were staying on the sidelines to see where inflation was headed.
The rand was 1.2pc weaker at 13.7475 per dollar, moving further from a 28-month high hit last week.

South African Airways administrators hope to exit by month-end

Published 19 Mar, 2021 11:14am

The letter, dated March 18, said SAA's board of directors and management were working on a plan for the airline to resume flying.

South African Airways could exit administration this month, govt says

Published 03 Feb, 2021 02:07pm

A plan for SAA to resume operations had not yet been agreed, it said.

SAA's $665mn bailout does not cover aircraft lessors, other creditors

Published 06 Nov, 2020 05:29pm

SAA operations mothballed since late September.
Given $665 mln bailout in mid-term budget.
That doesn't cover lessors, other creditors.
More money may be needed from state budget.

Airlines eye deals with S.Africa's Airlink as SAA, Comair falter

Updated 23 Oct, 2020 06:16pm

Global, African airlines look to southern Africa.
Airlink in discussions around interline agreements.
Companies could look at code sharing, freight agreements.
SAA, Comair under bankruptcy protection, not flying.

South African Airways' unit suspends services to parent over non-payment

Published 27 Sep, 2020 12:14am

Administrators took control of SAA in December after almost a decade of financial losses.
SAA Technical... as a company registered on its own is pursuing its commercial interests.

South Africa commits $650mn to airline SAA, administrator says

Published 18 Sep, 2020 06:53pm

Govt says will reprioritise funds for rescue of co.
Says will not allow airline liquidation.
Administrator says govt has committed 10.5 bln rand.
SAA under bankruptcy protection since December.
Rescue plan on hold since July over funding.

South African Airways needs state cash next week

Published 10 Sep, 2020 05:29pm

It is prudent to advise affected persons of the company's dire financial position
"The existing funds which are available for operational expenditure ...are near depletion."

South African Airways creditors approve rescue plan

Published 14 Jul, 2020 06:48pm

Administrator Siviwe Dongwana told a creditor meeting that the plan had been approved by 86% of voting interests.
The rescue plan envisages scaling back the state-owned airline's fleet and shedding jobs but requires the government to find at least 10 billion rand of new funds for it to work.

South Africa set to make SAA funding commitment, official says

Published 10 Jul, 2020 08:49pm

SAA creditors vote on restructuring plan next week.
DPE says 'on course' to make funding commitment.
Sees govt doing 'heavy-lifting' to clean balance sheet.
Investors looking at cargo, catering, maintenance units.

SAA administrators aim to publish revised plan on July 7

Published 02 Jul, 2020 08:41pm

The administrators published a restructuring plan for the struggling state-owned airline last month after repeated delays and months of wrangling with the government and trade unions.
It said four unions - NTM, SATAWU, AUSA and Solidarity - and some non-unionised SAA staff were ready to sign voluntary severance packages if creditors approve the plan on July 14.

South Africa to oppose Airlink's bid to halt SAA creditors meeting

Published 22 Jun, 2020 09:07pm

Airlink was a franchisee of state-owned SAA for over two decades, an arrangement that allowed SAA to sell tickets and fly passengers on Airlink flights.
SAA went into a form of bankruptcy protection in December and since then state-appointed administr

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D.S. Ind. Ltd. / Oct 1 D.S. Industries Limited(DSIL)	15.70 ▲ 1.43 (10.02%)
Dewan Motors / Oct 1 Dewan Farooque Motors Limited(DFML)	17.49 ▲ 1.59 (10%)
Ellcot Spinning / Oct 1 Ellcot Spinning Mills Limited(ELSM)	196.28 ▲ 17.84 (10%)
First Imrooz Mod. / Oct 1 First Imrooz Modaraba(FIMM)	286.94 ▲ 26.09 (10%)
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Popular Islamic / Oct 1 Popular Islamic Modaraba(PIM)	65.60 ▲ 5.96 (9.99%)
Arctic Textile / Oct 1 Arctic Textile Mills Limited(ARCTM)	57.32 ▲ 5.2 (9.98%)
Asim Textile / Oct 1 Asim Textile Mills Limited(ASTM)	124.99 ▲ 11.03 (9.68%)
Lse Spac-I Ltd. / Oct 1 Lse Spac-I Limited(SPAC1)	22.37 ▲ 1.96 (9.6%)

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EFU Life Assr / Oct 1 EFU Life Assurance Limited(EFUL)	125 ▼ -39.01 (-23.79%)
Ashfaq Textile / Oct 1 Ashfaq Textile Mills Limited(ASHT)	45.51 ▼ -5.06 (-10.01%)
East West Ins. / Oct 1 East West Insurance Company Limited(EWIC)	59.06 ▼ -6.56 (-10%)
First Tri-Star Mod. / Oct 1 First Tri-Star Modaraba(FTSM)	44.03 ▼ -4.89 (-10%)
Pakistan Credit Rating Agency / Oct 1 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	43.67 ▼ -4.85 (-10%)
First Punjab Modaraba / Oct 1 First Punjab Modaraba(FPJM)	26.14 ▼ -2.9 (-9.99%)
Ghani Chemworld Limited(PRS) / Oct 1 Ghani Chemworld Limited(PRS)(GCWLPRS)	107.10 ▼ -11.73 (-9.87%)
Buxly Paints / Oct 1 Buxly Paints Limited(BUXL)	460 ▼ -46.86 (-9.25%)
Mughal Energy / Oct 1 Mughal Energy Limited(GEM)(GEMMEL)	37.30 ▼ -3.7 (-9.02%)
Power Cem(Pref) / Oct 1 Power Cement (Pref)(POWERPS)	29.62 ▼ -2.87 (-8.83%)

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Kohinoor Spinning / Oct 1 Kohinoor Spinning Mills Limited(KOSM)	90,529,162 ▲ 0.08
F. Nat.Equities / Oct 1 First National Equities Limited(FNEL)	35,323,188 ▲ 0.09
Pak Int.Bulk / Oct 1 Pakistan International Bulk Terminal(PIBTL)	24,841,740 ▲ 0.03
Cnergyico PK / Oct 1 Cnergyico PK Limited(CNERGY)	23,462,464 ▼ -0.16
First Punjab Modaraba / Oct 1 First Punjab Modaraba(FPJM)	22,541,546 ▼ -2.9
Tasdeeq Info. Serv. / Oct 1 Tasdeeq Information Services Limited(TISL)	17,976,646 ▲ 0.02
D.S. Ind. Ltd. / Oct 1 D.S. Industries Limited(DSIL)	16,548,642 ▲ 1.43
K-Electric Ltd. / Oct 1 K-Electric Limited(KEL)	15,864,449 ▼ -0.03
WorldCall Telecom / Oct 1 Worldcall Telecom Limited(WTL)	15,441,196 ▲ 0
Pak Refinery / Oct 1 Pakistan Refinery Limited(PRL)	14,336,703 ▼ -1.87

South African Airways

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