Clive Else – The Mail & Guardian

/ 8 November 2007

‘Today we are not closing SAA’

South African Airways (SAA) posted a net profit before tax and restructuring charges of R136-million for the six months ended September 2007, after a period of massive losses, acting chief financial officer Clive Else said on Thursday. Revenue rose to R11-billion from R9,6-billion, reflecting a 1,2% profit margin.

By Staff Reporter

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Article

/ 7 November 2007

SAA job cuts to cost R744,4-million

Members of Parliament on Wednesday heard a plea from the troubled state airline, South African Airways (SAA), for an injection of R744,4-million to pay for one-off labour restructuring costs. The cash, they were told, is needed before the last day of November.

By Michael Hamlyn