JOHANNESBURG – South African Airways (SAA) says it has managed to secure R3.5 billion to keep it afloat until June. The state-owned entity says negotiations are also underway with banks to rollover debt of R9.2 billion to the end of next month. The cash strapped airline is currently exploring turnaround strategies to address its debt […]
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Dream Hotels & Resorts has introduced new luxury tent-style accommodation on a shared ownership basis at Finfoot Lake Reserve, located in South Africa’s Greater Pilanesberg area. “We have embarked on three lifestyle development opportunities at Finfoot. This includes our luxury tented camps, private self-catering luxury villas, and owner-built private stands,” explains Clyde Keevy, Dream Hotels […]
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JOHANNESBURG – Gauteng Premier David Makhura says urban tolling is unsustainable and government has teams working to find a solution to the failed system. Makhura was speaking at the Alberton Civic Centre in Ekurhuleni where he’s delivered his last State of the Province Address before South Africans head to the polls in May. The South […]
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CAPE TOWN – The African National Congress (ANC) has asked National Assembly Speaker Baleka Mbete to remove the South African National Civic Organisation’s Eastern Cape leader Dr Zukile Luyenge as a Member of Parliament (MP). Luyenge resigned as an ANC MP to join Mzwanele Manyi’s new party, the African Transformation Movement. The ANC in Parliament […]
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LONDON – Britain is to set out plans to overhaul its recycling system on Monday, including making plastic packaging producers pay the full cost of dealing with their waste and introducing a deposit return scheme for cans and bottles. The plans, which also aim to make household rubbish collections more consistent around the country, will […]
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South Africa’s struggling state-owned airline (SAA) is to break into three business units as part of a restructuring plan, its chief executive Vuyani Jarana said on Monday. Jarana said the firm – which has not made a profit since 2011 and was given a R5 billion bailout last year to shore up its balance sheet […]
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Olympic 800 metres champion Caster Semenya of South Africa went to the Court of Arbitration for Sport on Monday to challenge proposed rules that could force her to lower her testosterone levels. Semenya made no comment as she arrived at the court in Lausanne for the start of a week-long hearing that could define the rest of […]
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Sentencing proceedings in the trial of convicted wife killer Jason Rohde resumes in the Western Cape High Court on Monday. Last November, Rohde was found guilty of killing his spouse Susan Rohde at the Spier Wine Estate in July 2016. In her judgment, Judge Gayaat Salie-Hlophe ruled that Rohde had struggled with his narrative of how his […]
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First National Bank (FNB) and Absa have informed beleaguered facilities management group Bosasa that their bank accounts will be closed. News24 has independently confirmed that FNB, the controversial group’s long-time banker, is severing ties with the company led by CEO Gavin Watson. Absa is also cutting ties with the group, including the family trust account […]
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The African Global Group, the company formerly known as Bosasa, has announced the voluntary liquidation of the African Global Operations Group of Companies. In a statement, the company said that it had made the decision after receiving “formal notification from our financial institution of the decision to distance itself from the group and as a […]
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