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 / Jan 23	278.71
USD PKR Interbank Buying / Jan 23	278.56
USD to Japanese Yen / Jan 23	156.57
USD to Swiss Franc / Jan 23	0.91
Pound Sterling to USD / Jan 23	1.23
Euro to USD / Jan 23	1.04

Stock	Volume
S&P 500 / Jan 22	6,086.37
Nasdaq / Jan 22	20,009.34
Dow Jones / Jan 22	44,156.73
India Sensex / Jan 23	76,579.87
Tokyo Nikkei / Jan 23	40,000.30
Hang Seng / Jan 23	19,695.88
FTSE 100 / Jan 23	8,544.98
Germany DAX 30 / Jan 23	21,282.88

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 22	18,485
Gold 10 Grams PKR / Jan 22	246,440
Petrol/Litre / Jan 23	256.13
Crude Oil USD/Barrel / Jan 23	75.19
Gold Spot USD/Ounce / Jan 23	2,754.03
Diesel/Litre / Jan 23	260.95

Gainers
Losers
Leaders

Stock	Price
Apna Microfin. / Jan 23 Apna Microfinance Bank Limited(AMBL)	10.51 ▲ 0.98 (10.28%)
Leather Up Ltd. / Jan 23 Leather Up Limited(LEUL)	30.33 ▲ 2.76 (10.01%)
Mughal Energy / Jan 23 Mughal Energy Limited(GEM)(GEMMEL)	21.45 ▲ 1.95 (10.00%)
Liven Pharma / Jan 23 Liven Pharma Limited(LIVEN)	150.99 ▲ 13.73 (10.00%)
Saritow Spinning / Jan 23 Saritow Spinning Mills Limited(SSML)	10 ▲ 0.88 (9.65%)
Pak Engineering / Jan 23 Pakistan Engineering Company Limited(PECO)	808.99 ▲ 70.65 (9.57%)
Fateh Sports / Jan 23 Fateh Sports Wear Limited(FSWL)	85.99 ▲ 7.42 (9.44%)
Parmount Sp. / Jan 23 Paramount Spinning Mills Limited(PASM)	4.80 ▲ 0.41 (9.34%)
Arpak Int. / Jan 23 Arpak International Investments Ltd.(ARPAK)	76.50 ▲ 6.31 (8.99%)

Stock	Price
Gulistan Sp. / Jan 23 Gulistan Spinning Mills Limited(GUSM)	11 ▼ -1.13 (-9.32%)
J.K.Spinning / Jan 23 J.K. Spinning Mills Limited(JKSM)	60.50 ▼ -6.14 (-9.21%)
Universal Ins. / Jan 23 The Universal Insurance Company Limited(UVIC)	9.01 ▼ -0.82 (-8.34%)
Fecto Cement / Jan 23 Fecto Cement Limited(FECTC)	107 ▼ -9.40 (-8.08%)
Shadman Cotton / Jan 23 Shadman Cotton Mills Limited(SHCM)	32.01 ▼ -2.73 (-7.86%)
Hafiz Ltd. / Jan 23 Hafiz Limited(HAFL)	260.11 ▼ -21.57 (-7.66%)
Punjab Oil / Jan 23 Punjab Oil Mills Limited(POML)	146.10 ▼ -11.55 (-7.33%)
Unicap Modaraba / Jan 23 Unicap Modaraba(UCAPM)	2.82 ▼ -0.22 (-7.24%)
Masood Textile / Jan 23 Masood Textile Mills Limited(MSOT)	49 ▼ -3.80 (-7.20%)

Stock	Volume
WorldCall Telecom / Jan 23 Worldcall Telecom Limited(WTL)	100,218,430 ▲ 0.08
Cnergyico PK / Jan 23 Cnergyico PK Limited(CNERGY)	96,976,679 ▲ 0.34
Fauji Cement / Jan 23 Fauji Cement Company Limited(FCCL)	83,552,040 ▲ 1.57
Lotte Chemical / Jan 23 Lotte Chemical Pakistan Limited(LOTCHEM)	30,919,642 ▲ 0.47
Bank Makramah / Jan 23 Bank Makramah Limited(BML)	30,547,553 ▼ -0.08
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	21,078,029 ▲ 3.65
Fauji Foods Ltd / Jan 23 Fauji Foods Limited(FFL)	20,257,865 ▲ 0.35
Maple Leaf Cement / Jan 23 Maple Leaf Cement Factory Limited(MLCF)	18,153,722 ▲ 1.31
D.G.K.Cement / Jan 23 D.G. Khan Cement Company Limited(DGKC)	16,695,919 ▲ 1.21

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