News24
11 Jun 2021, 14:40 GMT+10
Public Enterprises Minister Pravin Gordhan is expected to make an announcement on the future of the troubled state-owned airline South African Airways (SAA) on Friday morning.
Bloomberg reported on Thursday that government is set to announce that it has found a strategic equity partner for SAA.
Gordhan was scheduled to make the announcement on Thursday, before postponing.
The expected announcement comes about six weeks after the airline emerged from lengthy business rescue proceedings, having reduced its workforce by almost 80% and cut liabilities. The next challenge is to resume international flights, though South Africa remains cut off from much of the world due to Covid-19 travel restrictions.
Get a daily dose of Zimbabwe Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Zimbabwe Star.
More InformationMADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
(Photo credit: John E. Sokolowski-Imagn Images) Addison Barger hit an RBI single with two outs in the 11th inning and the Toronto...
Buenos Aires [Argentina], July 6 (ANI): After concluding his visit to Argentina on Saturday, Prime Minister Narendra Modi departed...
Abu Dhabi [UAE], July 5 (ANI/WAM): President Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President...
Birmingham [UK], July 5 (ANI): KL Rahul continued his fine overseas run in Test cricket, becoming only the second Indian opener after...
* China's first LEGOLAND resort opened on Saturday in Shanghai. * Spanning 318,000 square meters, LEGOLAND Shanghai Resort is the...
Worcester [UK], July 5 (ANI): India's 14-year-old batting sensation Vaibhav Suryavanshi cracked the fastest century in the U19 ODI...