South African Airways has been denied any further funding by government as the national carrier looks for ways to recover from the coronavirus crisis and business rescue.
Vuyani Jarana, the former chief officer of Vodacom Business and former CEO of South African Airways, has invested in mobile telecommunications infrastructure supplier Mobax.
Embattled state-owned airline South African Airways will suspend all international and regional flights, retaining only the Johannesburg-Cape Town route, as it battles the devastating effects of coronavirus lockdowns.
Finance minister Tito Mboweni’s budget this week is unlikely to convince Moody’s Investors Service that he has a credible plan to rein in government debt.
Administrators for South Africa’s loss-making state airline have defended their decision to cut routes as part of a turnaround plan, after objections from President Cyril Ramaphosa, government and labour unions.