Eight years ago, former JSE president Russell Loubser stepped down as a director of South African Airways, leading half the board in a very public walkout in protest against the incompetence of the Public Enterprises department.
Seven years ago, former JSE president Russell Loubser quit his national service as a director of South African Airways, leading half the board in a very public walkout.
The 2016 Budget proposals show us reinstated South Africa’s Finance Minister Pravin Gordhan must have concluded a hard bargain before accepting what could have been a hospital pass after Nenegate.
South African Airways (SAA) could have cost the country an extra few billion rand if the Airbus deal was changed again says Mike Schussler of Economists.co.za.
Finance Minister Pravin Gordhan, directed the Board of South African Airways (SAA) to conclude the swap transaction with Airbus in line with approval granted in July 2015.
Sunil Shah wonders at the silence of Corporate South Africa over the Nene firing – with the exception of a man he hired, Coronation’s Chief Investment Officer Karl Leinberger.
The process of training and building experience is at the centre of unnecessary friction between pilots at SAA and the politically-connected chairman Dudu Myeni’s demands for more rapid “transformation”.
Russell Loubser reflects on his decision to step away from South African Airways in September 2012 because he “had lost confidence in the shareholder.”
JSE chief executive Nicky Newton-King (47) has been a fixture at the JSE for the past 14 years. Her succession to the hot seat was well planned – serving as Russell Loubser’s deputy for seven years before taking the reins when he retired in at the end of 2011. An erstwhile member of the World Economic Forum’s … Read more
South Africa’s Purchasing Managers Index has been under strain of late, with recent numbers coming out below 50, an indication that South Africa’s manufacturing sector is experiencing economic strain. The unhealthy numbers of late have not been received with surprise given the slurry of recent labour unrest. August’s PMI has come in at 49, still indicating a … Read more