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Zuks Ramasia, acting CEO, South African Airways

South African Airways’ acting CEO Zuks Ramasia resigns; to head BARSA from April 17

Our Correspondent7 April 2020 12:58 PM GMT

Acting CEO Zuks Ramasia has resigned from South African Airways.

The airline which began to sink into debt since 2018, started to show signs of bankruptcy from December 5, when it slipped into the business rescue process.

South African Airways conceals financial information in the fear of liquidation

Our Correspondent24 Feb 2020 12:16 PM GMT

SAA is reluctant to release its financial information due to the fear of liquidation.

In a statement issued, the team looking to keep the airline still flying said they would immediately use two billion rand of the facility to keep the airline afloat.

Sale of 9 A340s, spare engines fall under fleet renewal programme not business rescue process: SAA...

Our Correspondent17 Jan 2020 1:45 PM GMT