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Airlines
South Africa to sell its majority stake in collapsed flag carrier
...The airline eventually succumbed to a decade of rot, graft, and meddling over routes under Jacob Zuma, the former president, a long-running judicial inquiry has heard. Zuma denies wrongdoing....
June 11, 2021
Airlines
South African Airways close to collapse
...The airline’s fate poses a dilemma for President Cyril Ramaphosa, who has pledged to turn round state companies that were looted under his predecessor, Jacob Zuma....
November 27, 2019
FT Live
Africa Summit
Africa in a complex world
Tuesday, 29 OctoberLondon, UK
South Africa
President in showdown with unions over South African Airways
...The airline was ravaged by graft under the chairmanship of Dudu Myeni, a close friend of discredited former president Jacob Zuma, according to a judicial inquiry into misrule under the former leader....
November 15, 2019
South Africa
SAA chief quits over lack of political support for turnround
...also leave the companies rudderless as Mr Ramaphosa, who led the ANC to victory in national elections last month, is focused on rebuilding key institutions undermined by misrule under his predecessor Jacob...
June 2, 2019
South Africa
Flagship South African airline in crunch debt talks
...Under Mr Ramaphosa’s predecessor, Jacob Zuma, SOEs became a byword for corruption and inefficiency....
January 8, 2019
South Africa
South African Airways should be shut down, says Mboweni
...Since coming to power Mr Ramaphosa has promised to revive several state-owned groups that were beset by alleged waste and corruption during the presidency of Jacob Zuma....
November 1, 2018
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
South Africa
National airline tests Ramaphosa’s ability to reform state companies
...But by 2015 it was heavily indebted and plotting a move that reflected its chronic mismanagement — opening a money-burning route to Khartoum as a favour by then-President Jacob Zuma to his Sudanese counterpart...
November 27, 2018
World
South Africa orders probe into state pension fund manager
...The lossmaking national carrier is struggling to pay back debts and is run by a close friend of Jacob Zuma, South Africa’s president....
October 6, 2017
World
South Africa finance minister denies trying to ‘dig into pensions’
...Mr Gigaba, an ally of President Jacob Zuma, insisted there was “no looting campaign out there”. The finance minister also denied there was a concerted plot to attack the PIC’s credibility....
September 26, 2017
World
Finance minister Gordhan defies police request to meet
...Analysts portray the Hawks’ probe, which relates to an alleged Sars “rogue unit” set up when Mr Gordhan headed the tax authority, as a power struggle between President Jacob Zuma and his allies and those...
August 24, 2016
fastFT
South African rand: hold on to your hats
...This is what happens to your dollar exchange rate if you unexpectedly sack your well-respected finance minister: That’s what South African president Jacob Zuma did overnight to the respected Nhlanhla Nene...
December 10, 2015
Central banks
South African rand dives after finmin sacking
...In a brief statement that shed little light on the decision, President Jacob Zuma, whose six years in office have been characterised by scandals and controversies, said Mr Nene had been removed “ahead of...
December 9, 2015
African companies
S Africa finance minister rejects airline bid to recast deal
...The SAA deal has been at the heart of speculation about why President Jacob Zuma abruptly removed Nhlanhla Nene as finance minister this month in a move that triggered one of the nation’s worst political...
December 21, 2015
African companies
Zuma dismisses rumours of romantic ties with SAA chairperson
...Jacob Zuma, South Africa’s president, on Saturday took the unusual step of dismissing rumours that he is romantically linked to the chairperson of South African Airways, the national carrier, as the fallout...
December 12, 2015
Global Economy
Pravin Gordhan pledges to keep a grip on South Africa’s spending
...Mr Gordhan returned to the Treasury four days after President Jacob Zuma shocked South Africa by replacing respected finance minister Nhlanhla Nene with a little-known parliamentarian, David van Rooyen....
December 20, 2015
FT Live
Outstanding Directors Exchange
Fostering trust for steadfast leadership
Wednesday, 12 JuneHarvard Club of New York City, West 44th Street, New York, NY, USA
News in-depthThe Big Read
South Africa: Self-inflicted wounds
...When Jacob Zuma takes the stage on Saturday to deliver his first major speech of the year, South Africa’s president can expect to look out on a welcoming sea of black, gold and green — the colours of his...
January 7, 2016
African companies
Cyril Ramaphosa to divest stake in Shanduka
...He was appointed deputy president after the ANC swept to victory in May and is a frontrunner to take over from President Jacob Zuma....
November 26, 2014
UK companies
New owner sets out Stansted’s growth plan
February 28, 2013
Retail & Consumer industry
MAG pledge to boost Stansted traffic
October 16, 2012
US & Canadian companies
TPG enters race for Stansted
October 28, 2012
Aerospace & Defence
AirAsia X to cut long-haul services
January 12, 2012
Energy sector
South African judge overrules ICT rights award
...Its owners include Jagdish Parekh, a business associate of President Jacob Zuma’s son, Duduzane. It was accused by Kumba of fraudulently copying its application documents....
December 15, 2011
UK companies
MacLaurin reveals Evolution bid interest
August 16, 2011
US & Canadian companies
Murdoch’s lawyers to fight on all fronts
...The fight on all fronts comes as News Corp’s in-house legal team is missing both a group general counsel, after Lon Jacobs’ unexpected departure, and the News of the World’s lawyer, Tom Crone, who left this...
July 14, 2011
Terrorism
Private jet swarm strands semi-final fans
...Wire services reported that among the VIPs heading for the semi-final by jet were Spain’s King Juan Carlos, South African President Jacob Zuma, actor Leonardo DiCaprio and socialite Paris Hilton....
July 7, 2010

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