Cyril Ramaphosa
We will not allow SOEs to fail, by Cyril Ramaphosa
As the SAA business rescue demonstrates, we will not hesitate to do what it takes to return our SOEs to financial and operational health. By Cyril Ramaphosa.
Browsing: SAA
Motoring and transport
SAA: How the national airline crashed
Government will relinquish control of the loss-making national airline and give it an additional bailout in a bid to stave off liquidation.
News
Vodacom rubbishes report CEO Shameel Joosub to step aside
Vodacom Group on Thursday rubbished a report suggesting its CEO, Shameel Joosub, will soon leave the helm of the telecommunications operator to take on a new role as CEO of Vodafone Africa.
Motoring and transport
SAA to ground nearly all flights from Friday
South African Airways has cancelled nearly all its flights scheduled for Friday, 15 November and Saturday, 16 November.
News
Post Office to retrench workers as jobs axe swings at SOEs
The Post Office is cutting several hundred jobs, the second state-owned company in as many days to detail plans to lay off workers as the government looks to slash its wage bill.
News
Executives abandon SOEs over indecision
Top South African businessmen called upon to help save ailing state-owned companies are abandoning their posts, frustrated by indecision and political interference.
News
Disintegrating SOEs imperil South Africa’s finances
A meltdown at some of South Africa’s biggest state companies is intensifying, placing the nation’s finances at risk and frustrating President Cyril Ramaphosa’s efforts to attract new investment and resuscitate a moribund economy.
News
There’s a CEO crisis in South Africa and no one is stepping up
An exodus of CEOs during the economic downturn is becoming alarming, particularly as there are apparently so few ready replacements.
News
Ex-Vodacom executive, hired to rescue SAA, quits airline
South African Airways CEO Vuyani Jarana has quit the financially stricken state-owned company, citing a lack of funding and drop in government support for the carrier’s turnaround plan.
Jerm
Backspace: ‘Fasten your seat belts’
View the latest contribution from TechCentral cartoonist Jerm.