Trends - South African Airways

South African Airways

Mauritius to stop flights from S Africa over new coronavirus variant

NAIROBI: Mauritius will suspend all commercial passenger flights from South Africa from Nov. 28 due to the new...

Published 28 Nov, 2021 05:38am

Markets

South African rand set for first red week in four

He said that volumes on the Johannesburg Stock Exchange were quite low suggesting that investors were staying on the sidelines to see where inflation was headed.
The rand was 1.2pc weaker at 13.7475 per dollar, moving further from a 28-month high hit last week.

Published 11 Jun, 2021 11:39pm

Business & Finance

South African Airways administrators hope to exit by month-end

The letter, dated March 18, said SAA's board of directors and management were working on a plan for the airline to resume flying.

Published 19 Mar, 2021 11:14am

Business & Finance

South African Airways could exit administration this month, govt says

A plan for SAA to resume operations had not yet been agreed, it said.

Published 03 Feb, 2021 02:07pm

Business & Finance

SAA's $665mn bailout does not cover aircraft lessors, other creditors

SAA operations mothballed since late September.
Given $665 mln bailout in mid-term budget.
That doesn't cover lessors, other creditors.
More money may be needed from state budget.

Published 06 Nov, 2020 05:29pm

Business & Finance

Airlines eye deals with S.Africa's Airlink as SAA, Comair falter

Global, African airlines look to southern Africa.
Airlink in discussions around interline agreements.
Companies could look at code sharing, freight agreements.
SAA, Comair under bankruptcy protection, not flying.

Updated 23 Oct, 2020 06:16pm

Business & Finance

South African Airways' unit suspends services to parent over non-payment

Administrators took control of SAA in December after almost a decade of financial losses.
SAA Technical... as a company registered on its own is pursuing its commercial interests.

Published 27 Sep, 2020 12:14am

Business & Finance

South Africa commits $650mn to airline SAA, administrator says

Govt says will reprioritise funds for rescue of co.
Says will not allow airline liquidation.
Administrator says govt has committed 10.5 bln rand.
SAA under bankruptcy protection since December.
Rescue plan on hold since July over funding.

Published 18 Sep, 2020 06:53pm

Business & Finance

South African Airways needs state cash next week

It is prudent to advise affected persons of the company's dire financial position
"The existing funds which are available for operational expenditure ...are near depletion."

Published 10 Sep, 2020 05:29pm

Business & Finance

South African Airways creditors approve rescue plan

Administrator Siviwe Dongwana told a creditor meeting that the plan had been approved by 86% of voting interests.
The rescue plan envisages scaling back the state-owned airline's fleet and shedding jobs but requires the government to find at least 10 billion rand of new funds for it to work.

Published 14 Jul, 2020 06:48pm

Business & Finance

South Africa set to make SAA funding commitment, official says

SAA creditors vote on restructuring plan next week.
DPE says 'on course' to make funding commitment.
Sees govt doing 'heavy-lifting' to clean balance sheet.
Investors looking at cargo, catering, maintenance units.

Published 10 Jul, 2020 08:49pm

Business & Finance

SAA administrators aim to publish revised plan on July 7

The administrators published a restructuring plan for the struggling state-owned airline last month after repeated delays and months of wrangling with the government and trade unions.
It said four unions - NTM, SATAWU, AUSA and Solidarity - and some non-unionised SAA staff were ready to sign voluntary severance packages if creditors approve the plan on July 14.

Published 02 Jul, 2020 08:41pm

Business & Finance

South Africa to oppose Airlink's bid to halt SAA creditors meeting

Airlink was a franchisee of state-owned SAA for over two decades, an arrangement that allowed SAA to sell tickets and fly passengers on Airlink flights.
SAA went into a form of bankruptcy protection in December and since then state-appointed administr

Published 22 Jun, 2020 09:07pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / May 1	157.86
USD to Swiss Franc / May 1	0.92
Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

Stock	Volume
S&P 500 / Apr 30	5035.69
India Sensex / Apr 30	74482.78
Nasdaq / Apr 30	15657.82
Hang Seng / Apr 30	17763.03
Dow Jones / Apr 30	37815.92
Germany DAX 30 / Apr 30	17932.17
France CAC40 / Apr 30	7984.93
Tokyo Nikkei / May 1	38274.05

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Crude Oil USD/Barrel / May 1	81.12
Gold Spot USD/Ounce / May 1	2288.39
Cotton US¢/pound / May 1	78.01
Petrol/Litre / May 2	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

South African Airways

Most Popular