Today's Big Stories

Myeni optimistic about new SAA board

South African Airways (SAA) board chairperson Dudu Myeni says the appointment of a new board will lead to improvements at the airline.

Myeni spoke briefly after arriving over an hour late for the meeting between SAA and Parliament’s Standing Committee on Finance on Tuesday afternoon.

The new board members and Deputy Finance Minister Mcebisi Jonas had to help field questions from concerned Members of Parliament (MPs), after Myeni was reportedly unwell this morning.

Several MPs from across all political parties reflected concerns about the national carrier, reports EWN's Gaye Davis.

She said now that there is a new board, it's eased the burden. They were limping along and impossibly stretched.

Gaye Davis, Parliamentary correspondent for EWN

The board met at the weekend to begin discussions on how to restore the airline's good governance and financial stability.

It was announced that SAA's losses for the 2014/15 financial year are R5,6 billion, almost a R 1 billion more than the predicted amount announced last week by Finance Minister Pravin Gordhan.

SAA's Acting Chief Financial Officer Phumeza Nhantsi explained that the airline had to take into account contingency liabilities for lost law suits against with Nationwide and Comair.

Myeni thanked the committee for its understanding over her lateness and also thanked the new board.

Listen to the full conversation from The John Maytham Show:

Read More
Veterans and ANC not on same page about terms of consultative conference

Veterans and ANC not on same page about terms of consultative conference

ANC vets want civil society groups present at the consultative conference, which they want held separately from another meeting.

Top SABC journos applauded for brave testimony

Top SABC journos applauded for brave testimony

EWN's Gaye Davis summarises the evidence of the SABC journalists who appeared before the ad hoc committee in Parliament.

If you're gona be a hero (and smash a car window), make sure you can prove harm

If you're gona be a hero (and smash a car window), make sure you can prove harm

A criminal lawyer explains what leg citizens can stand on if they witness a child or pet locked in a vehicle in risky conditions.

SAA admits R5 billion loss

SAA admits R5 billion loss

SAA finally releases financials confirming loss for the past two years, and Myeni arrives late for Parly Portfolio Comm briefing.

Claims that Mango is in cahoots with SAA must be investigated - economist

Claims that Mango is in cahoots with SAA must be investigated - economist

SAA admits it provided 10 aircrafts to the low-cost airline at a significantly discounted rate, while paying market prices.

SAA CEO discusses the airline’s huge operating loss and how Treasury will assist

SAA CEO discusses the airline’s huge operating loss and how Treasury will assist

Financial results are out; SAA is still bleeding (fuel hedging means cheap oil won’t help) and Treasury is reluctant to help.

Popular articles
I paid for it, says Police Commissioner Phahlane. No you didn't, says Ipid

I paid for it, says Police Commissioner Phahlane. No you didn't, says Ipid

John Maytham interviews EWN’s Barry Bateman about the allegations against the Acting National Police Commissioner.

Orcas spotted in Langebaan Lagoon must've been hunting, says conservationist

Orcas spotted in Langebaan Lagoon must've been hunting, says conservationist

Capetonians are accustomed to seeing whales playing along the coast, but it is very rare to hear of orcas in the Langebaan Lagoon.

Photographer captures Cape's dwindling dam levels with a drone

Photographer captures Cape's dwindling dam levels with a drone

The latest figures show dam levels at 36.8%, which means they could run almost empty by the time 2017 the winter rains come.

Earn peanuts? How to best invest very small amounts...

Earn peanuts? How to best invest very small amounts...

Got a spare R200 or R300 a month? Here’s how to make that money work hard and grow…

Culprits spotted deliberately starting fires in the Cape

Culprits spotted deliberately starting fires in the Cape

Chief Fire Officer at Overberg District Municipality says arson is a problem they are all too familiar with.

Find out what the city-approved borehole sign looks like

Find out what the city-approved borehole sign looks like

Cape Town residents are concerned that residents might be wasting water and lying about having boreholes by using fake signs.