R69 Billion Set Aside Over Three Years To Reconfigure Eskom

The Finance Minister's Medium Term Budget Policy Statement makes a frank assessment of the trouble the country is in. PICTURE: GCIS

The cash-strapped power utility will get R69 billion over the next three years but under strict conditions. Finance Minister Tito Mboweni has unveiled plans to help Eskom restructure, deal with its debt and do urgent […]

UPDATE: SAA To Be Split Into Three – CEO

SAA has operational inefficiency challenges and needs to revitalize its business model to remain competitive. PICTURE: Tourism update

SAA CEO Vuyani Jarana said the firm will be split into domestic, regional and international business units, each with their own management.  South Africa’s struggling state-owned airline (SAA) is to break into three business units […]

British Airways Franchisee, Comair Shares Fly High After A Settlement From SAA

Comair shares fly after more than R1bn settlement from SAA. PICTURE: Mail Images

The low-cost airline will receive R1.1bn, along with legal costs, after winning its 14-year battle over SAA’s anti-competitive conduct.  Comair Shares, the only JSE-listed aviation company, rocketed as much as 37% to R6.25 on Friday […]