Today's Big Stories

Nene 'stops Myeni in her tracks', rejects SAA's Airbus deal

Finance minister Nhanhla Nene has warned the Board of South African Airways that going ahead with a controversial Airbus deal will amount to financial misconduct.

Editor of SA Flyer magazine, Guy Leitch said that the rejection of the deal indicates that chairperson Dudu Myeni has been reprimanded and that the airline would recommit itself to its long-term turnaround strategy.

Leitch added that the suspension of troubled airline Skywise has given passengers a reality-check towards the financial struggles of low-cost carriers.

Listen to the full conversation, with Katy Katopodis standing in, on The Midday Report with Stephen Grootes:

It's extremely heartening that finally the untouchable Dudu Myeni has been slowed down, if not stopped entirely, in her tracks. This is the first time that a minister has stood up to her - it seems common sense is prevailing.

Guy Leitch, Editor of SA Flyer magazine

This article first appeared on 702 : Nene 'stops Myeni in her tracks', rejects SAA's Airbus deal


Read More
Skywise outstanding debt, sky high

Skywise outstanding debt, sky high

According to Group Executive Corporate Affairs at Acsa, an agreement entered into with Skywise was defaulted, leading to suspension

Skywise Co-Chair Tabassum Qadir opens up about airline’s struggles

Skywise Co-Chair Tabassum Qadir opens up about airline’s struggles

Tabassum Qadir, Co-Chair of Skywise, spoke to Stephen Grootes about the airline’s financial struggles.

Skywise CEO determined to find capital injection after flights grounded by Acsa

Skywise CEO determined to find capital injection after flights grounded by Acsa

Low-cost airline Skywise has suspended all its flights because of a pay dispute with the Airports Company South Africa (Acsa).

Skywise denies having financial woes after several flights grounded

Skywise denies having financial woes after several flights grounded

Several Skywise flights were grounded due to unpaid bills at the weekend but the airline is adamant that there are no money woes.

Exactly what happened to the FlySafair R1 flight tickets?

Exactly what happened to the FlySafair R1 flight tickets?

The CEO of FLySafair gives an explanation as to what really happened to their birthday promotion - R1 flight tickets.

FlySafair announces fleet upgrades and reaches passenger milestone

FlySafair announces fleet upgrades and reaches passenger milestone

We speak with the CEO of FlySafair, Elmar Conradie, about what makes the low-cost airline so successful and their latest news.

Johannesburg to Cape Town for R499?! It's NOT a gimmick, says low cost airline

Johannesburg to Cape Town for R499?! It's NOT a gimmick, says low cost airline

Our business makes sense even with oil at $100 per barrel, says Elmar Conradie, FlySafair’s new CEO. Here's how they do it...

Mango cuts airfares. SAA, Kulula unlikely to follow suit

Mango cuts airfares. SAA, Kulula unlikely to follow suit

Mango operates independently from SAA and didn't make the same mistakes, enabling it to pass on lower fuel costs to its customers.

Popular articles
[LISTEN] 'We are dealing with an outbreak of Listeriosis' - Dr Thomas

[LISTEN] 'We are dealing with an outbreak of Listeriosis' - Dr Thomas

Head of the Centre for Enteric Diseases at the NICD Dr Thomas says that Listeriosis is problematic because it isn’t notifiable.

Publisher saves South African students billions with free textbooks

Publisher saves South African students billions with free textbooks

This year we're going to hit a million downloads of free textbooks in SA - James van der Westhuizen, country manager for Bookboon.

‘Conflicted’ Zuma will never again have say in appointing NPA boss, court hears

‘Conflicted’ Zuma will never again have say in appointing NPA boss, court hears

Shaun Abrahams is no longer the National Director of Public Prosecutions and President Zuma can't appoint his replacement.

Steinhoff money woes and why you should care

Steinhoff money woes and why you should care

The company lost around R100 billion leaving the JSE reeling in one of the biggest private sector business scandals.

Few retirement funds unaffected by Steinhoff implosion (i.e. you just got had)

Few retirement funds unaffected by Steinhoff implosion (i.e. you just got had)

Your money, and Steinhoff… Bruce Whitfield interviews Certified Financial Planner Peter Calitz.

‘There were clear warning signs at Steinhoff. All of which fund managers missed’

‘There were clear warning signs at Steinhoff. All of which fund managers missed’

The Money Show’s Bruce Whitfield interviews Sygnia Group CEO Magda Wierzycka.

Zille: 40 000 affordable housing units in the pipeline for WC

Zille: 40 000 affordable housing units in the pipeline for WC

Western Cape Premier Helen Zille says the government plays a crucial role in the provision of affordable housing in the province.