Streaming issues? Report here
capetalk-classicspng
CapeTalk Classics
14:00 - 17:00
volume_up
volume_mute

Up Next: Jazz Sessions on CapeTalk Classics
See full line-up
CapeTalk Classics
14:00 - 17:00
Home
arrow_forward
Business
arrow_forward
Politics

Government considering merger between SAA, SA Express and Mango

30 August 2017 5:44 PM
Tags:
SA Express
South African Airways SAA
SA Express financial woes
Public Enterprises Minister Lynne Brown says ideally a 25% shareholder is needed to provide management and financial assistance.

Public Enterprises Minister Lynne Brown says government is considering a merger of its three airlines – SAA, SA Express and low-cost carrier Mango.

Addressing Parliament’s Standing Committee on Public Accounts (Scopa) on Tuesday, Brown said ideally a 25% shareholder is needed to provide management and financial assistance.

READ: Minister Lynn Brown claims no knowledge Eskom lied about Trillian

ALSO READ: Parliament expresses concern over SAA's enormous debt

SA Express executives explained its irregular expenditure for 2016.

Eyewitness News reporter Lindsay Dentlinger was there.

She has ruled out that SA Express be privatised.

Lindsay Dentlinger, EWN reporter

Each airline has its own problems, the problem particular to SA Express is that they do not own any aircraft and the acting CEO is saying there were maintenance costs involved in keeping to the schedule and to the route, and having charter and hired planes...

Lindsay Dentlinger, EWN reporter

Click on the link below to listen to the full audio....


This article first appeared on 702 : Government considering merger between SAA, SA Express and Mango


30 August 2017 5:44 PM
Tags:
SA Express
South African Airways SAA
SA Express financial woes

More from Business

10 unexpected things that most truly rich people have in common

13 September 2019 2:44 PM

Personal finance expert Warren Ingram on the money values that those "worth" R40 million or more almost invariably have in common.

Read More arrow_forward

'Peter Moyo is not required – nor permitted – at work'

13 September 2019 2:32 PM

Old Mutual is not backing down in its fight with fired CEO Peter Moyo. Ray White interviews EWN’s Nthakoana Ngatane.

Read More arrow_forward

Prasa assets not insured, you are riding at your own risk - Mantshantsha

13 September 2019 1:04 PM

Daily Maverick's Sikonathi Mantshantsha says Prasa is on a downward spiral and trains no longer have risk insurance cover.

Read More arrow_forward

Jeremy Mansfield gets real about his money and beliefs about it

13 September 2019 1:03 PM

Bruce Whitfield interviews Jeremy Mansfield about his attitude to money (hopes and fears, successes and failures, etc.).

Read More arrow_forward

'Getting people out of their homes and into a restaurant is challenging'

12 September 2019 7:08 PM

Spur Corporation says it has experienced some pressure as customer spend is limited due to a slowing economy.

Read More arrow_forward

Steinhoff's R53 million penalty is still the highest paid fine in SA - FSCA

12 September 2019 6:33 PM

The company which was initially slapped with a R1.5 billion fine is now required to pay R53 million.

Read More arrow_forward

Here's why a merger for SAA, Mango and SA Express would be a disaster

12 September 2019 5:04 PM

SA Flyer Magazine's Guy Leitch says while in some ways it may be cost-effective, the merger itself would be very expensive.

Read More arrow_forward

'We had a disdain for money. Material possessions counted for so little'

12 September 2019 3:20 PM

Justice Albie Sachs talks about his attitude to money (hopes and fears, successes and failures, etc.).

Read More arrow_forward

Naspers spin-off comes in at R1,200 a share

12 September 2019 11:47 AM

Prosus made a good start to its first day of trading on the JSE, opening at R1,238 a share.

Read More arrow_forward

What is better - money in the bank or investing in shares?

12 September 2019 11:17 AM

Personal finance expert Warren Ingram offers a definitive answer with an explanation ordinary people can understand.

Read More arrow_forward

More from Politics

Condolences pour in for deputy minerals minister Bavelile Hlongwa

14 September 2019 9:34 AM

The Deputy Minister of Mineral Resources died in a car crash on Friday. The details surrounding the crash remain unclear.

Read More arrow_forward

Teacher gives girl pupils a lesson on basic car maintenance

13 September 2019 6:08 PM

A Facebook post has put the Wykeham Collegiate private school for girls in Pietermaritzburg in the limelight.

Read More arrow_forward

[LISTEN] I intend to go back to work, my name must be cleared - Peter Moyo

13 September 2019 5:30 PM

The fired Old Mutual CEO has responded to board chair Trevor Manuel's claims made in a media briefing on Friday.

Read More arrow_forward

Gauteng residents asked to be mindful of depleting dam levels

13 September 2019 4:24 PM

Residents have been urged to adapt accordingly as the Integrated Vaal River System is also negatively impacted by the decline.

Read More arrow_forward

Nelson Chamisa calls on Zimbabweans to forgive Mugabe

13 September 2019 4:07 PM

The MDC president says this is not the time to score 'cheap' political points and that due regard must be given to the statesmen.

Read More arrow_forward

'A day like today indicates how fractured we are as a country' #SandtonShutdown

13 September 2019 1:38 PM

JSE CEO Nicky Newton-King received a memorandum from demonstrators on Friday and says women's demands will not fall on deaf ears.

Read More arrow_forward

'Queer bodies are falling through the cracks in this conversation'

13 September 2019 12:15 PM

Activist Nolwazi Tusini gives her critique of the #SandtonShutdown and the conversation around gender-based violence.

Read More arrow_forward

SA justice system was not weakened by chance, it was systematic - Cele

13 September 2019 9:10 AM

Police Minister says the country needs to move away form moral degeneration and put families first.

Read More arrow_forward

Fact-checking Robert Mugabe's legacy

13 September 2019 8:36 AM

ZimFacts head Cris Chinaka weighs in on the impact of the former Zimbabwean president on the country and its people.

Read More arrow_forward

City of Joburg to extend pointsmen contract for another month

12 September 2019 7:03 PM

MMC Michael Sun says the municipality has to comply with the rules and regulations when giving private operators such a tender.

Read More arrow_forward