The Cinema Exhibitors Association of Nigeria (CEAN), the country’s premier Film Trade Association Body, has announced good news for cinema lovers on the occasion of the International Cinema Day. Opeyemi Ajayi, the chairman of the…
Business: Ethiopian Airlines Group could aid SAA
Ethiopian Airlines Group is amongst corporations in talks with South Africa’s government about potentially supplying aid to the country’s insolvent kingdom airline, in accordance to people familiar with the matter. Africa’s biggest service is thinking…
South Africa: Talks With Keen Investors in State…
South Africa‘s government has started talks with private entities interested in buying into the country’s insolvent national carrier, which needs at least 10 billion rand ($583 million) to resume operations. A team from the Department…
Business: SAA creditors must meet the unmet guarantee…
The commercial enterprise rescue practitioners of South African Airways have called a creditors' meeting for Friday 24 July, on the foundation that a condition set in the enterprise rescue sketch has no longer been met.…
Business: Mboweni wants DA to provide ‘evidence’ for…
Finance Minister Tito Mboweni has hit back at claims by the DA that National Treasury plans to extend a bailout to help fund the business rescue process of flag carrier South African Airways. This after…
‘Mobilising’ SAA funding doesn’t mean money is there…
Minister of Public Enterprises Pravin Gordhan and Finance Minister Tito Mboweni on Thursday wrote a letter to South African Airways' business rescue practitioners, committing to "mobilise" funding for restructuring SAA - but it remains unclear…
South Africa urges creditors to back rescue plan
South Africa’s public enterprises ministry on Wednesday urged creditors to back a rescue plan for cash-strapped South African Airways (SAA). Creditors are due to vote on the restructuring plan on Thursday, but one of the…
Business: Gordhan Stakes Clout for South Africa on…
Pravin Gordhan, South Africa‘s minister for public enterprises, is staking his own credibility and that of President Cyril Ramaphosa‘s government on the creation of a new airline out of the ashes of the bankrupt national…
South African Airways cancels flights after recalling some…
South African Airways (SAA) on Tuesday recalled some of its planes to undertake compliance checks, indicating that it may consequently operate an amended flight schedule. The cash-strapped airline said in a statement that some of…
