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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World
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Currency	Rate
USD PKR Interbank Selling / Jul 21	278.12
USD PKR Interbank Buying / Jul 21	277.92
USD to Japanese Yen / Jul 21	162.52
USD to Swiss Franc / Jul 21	0.81
Pound Sterling to USD / Jul 21	1.34
Euro to USD / Jul 21	1.14
SOFR % / Jul 21	3.59

Stock	Volume
S&P 500 / Jul 20	7,443.28
Nasdaq / Jul 20	25,508.07
Dow Jones / Jul 20	51,839.26
India Sensex / Jul 21	77,478.67
Tokyo Nikkei / Jul 21	65,077.32
Hang Seng / Jul 21	25,036.86
FTSE 100 / Jul 21	10,506.59
Germany DAX 30 / Jul 21	24,879.67
France CAC40 / Jul 21	8,348.97

Item	Value
Crude Oil USD/Barrel / Jul 21	82.50
Karachi Cotton PKR/37.32 KG / Jul 21	18,880
Gold 10 Grams PKR / Jul 21	368,000
Gold Spot USD/Ounce / Jul 21	4,050.88
Cotton US¢/pound / Jul 21	79.38
Petrol/Litre / Jul 22	320.73
Diesel/Litre / Jul 22	367.21

Gainers
Losers
Leaders

Stock	Price
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	2.39 ▲ 0.24 (11.16%)
Invest Capital Invest Bank / Jul 21 Invest Capital Investment Bank Limited(ICIBL)	21.75 ▲ 1.98 (10.02%)
Crescent Cotton / Jul 21 Crescent Cotton Mills Limited(CCM)	64.96 ▲ 5.91 (10.01%)
First IBL Mod. / Jul 21 First IBL Modaraba(FIBLM)	15.27 ▲ 1.39 (10.01%)
Gammon Pak / Jul 21 Gammon Pakistan Limited(GAMON)	21.98 ▲ 2 (10.01%)
Ahmad Hassan / Jul 21 Ahmad Hassan Textile Mills Limited(AHTM)	110.23 ▲ 10.02 (10%)
Asia Ins. / Jul 21 Asia Insurance Company Limited(ASIC)	41.69 ▲ 3.79 (10%)
Biafo Ind. / Jul 21 Biafo Industries Limited(BIFO)	130.83 ▲ 11.89 (10%)
Dewan Farooque Sp. / Jul 21 Dewan Farooque Spinning Mills Limited(DFSM)	18.15 ▲ 1.65 (10%)
Husein Industries / Jul 21 Husein Industries Limited(HUSI)	60.50 ▲ 5.5 (10%)

Stock	Price
United Insurance / Jul 21 The United Insurance Company(UNIC)	12.68 ▼ -1.41 (-10.01%)
Baba Farid Sugar / Jul 21 Baba Farid Sugar Mills Limited(BAFS)	414.40 ▼ -46.02 (-10%)
Khairpur Sug. / Jul 21 Khairpur Sugar Mills Limited(KPUS)	1,515.89 ▼ -168.43 (-10%)
S.G.Power / Jul 21 S.G. Power Limited(SGPL)	79.05 ▼ -8.78 (-10%)
Shams Textile / Jul 21 Shams Textile Mills Limited(STML)	57.58 ▼ -6.4 (-10%)
Service Textile / Jul 21 Service Industries Textiles Limited(SERT)	50.44 ▼ -5.6 (-9.99%)
Pakistan Credit Rating Agency / Jul 21 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	36 ▼ -3.62 (-9.14%)
Popular Islamic / Jul 21 Popular Islamic Modaraba(PIM)	22.90 ▼ -2.21 (-8.8%)
Frontier Ceramics / Jul 21 Frontier Ceramics Limited(FRCL)	98.02 ▼ -7.77 (-7.34%)
Azgard Nine (Non-Voti) / Jul 21 Azgard Nine (Non-Voti)(ANLNV)	7.71 ▼ -0.61 (-7.33%)

Stock	Volume
Cnergyico PK / Jul 21 Cnergyico PK Limited(CNERGY)	263,436,960 ▼ -0.69
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	110,849,016 ▲ 0.24
TPL Properties / Jul 21 TPL Properties Limited(TPLP)	73,851,952 ▲ 0.89
Pak Refinery / Jul 21 Pakistan Refinery Limited(PRL)	58,224,946 ▲ 0
F. Nat.Equities / Jul 21 First National Equities Limited(FNEL)	26,116,799 ▲ 0.02
TPL Corp Ltd / Jul 21 TPL Corp Limited(TPL)	24,336,000 ▲ 0.97
WorldCall Telecom / Jul 21 Worldcall Telecom Limited(WTL)	22,413,148 ▲ 0.03
B.O.Punjab / Jul 21 The Bank of Punjab(BOP)	20,069,620 ▲ 0.41
K-Electric Ltd. / Jul 21 K-Electric Limited(KEL)	15,692,784 ▲ 0.14
Maple Leaf Cement / Jul 21 Maple Leaf Cement Factory Limited(MLCF)	13,608,067 ▼ -2.01

South African Airways

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