Day: May 17, 2022

South African Airways To Be Sold For $3 If Deal Is Approved

AlienMedia

South African Airways (SA, Johannesburg O.R. Tambo) has no cash value and will be sold off for ZAR51 rand (USD3) to the private sector Takatso Consortium, but the transaction remains unfinalised with no indication of when it is likely to be completed. In return for a 51% stake, Takatso will inject ZAR3 billion (USD185 million) in working capital over two years (reduced from three years as initially stated) and pay the ZAR51 as its share of the nominal transaction fee required under South African law. This is according to a…

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2023 Elections: No Changes In The June 3, Deadline – INEC

AlienMedia

As major political parties across the country jostle for primaries to select, and or elect those that would represent their parties at the forthcoming 2023 general elections, the Independent National Electoral Commission (INEC) has said it is too late to tinker with the schedule of activities for the general elections. Mr. Festus Okoye, INEC National Commissioner and Chairman, Information and Voter Education Committee, made the disclosure while addressing newsmen yesterday in Abuja. His clarification came on the backdrop of the two months extension of deadline for the conduct of parties’…

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Aero Allegedly Plans To Reduce Workforce By 40%, Unions Bicker

AlienMedia

Information reaching our newsroom has it that aviation unions are threatening to disrupt Aero Contractors’ operations over a serious allegation that the management of the airline, which is under the receivership of Asset Management Corporation of Nigeria (AMCON) over the plans to sack 40 per cent of the workforce. The National Union of Air Transport Employees (NUATE) and the Air Transport Senior Staff Services Association of Nigeria (ATSSSAN) accused aero management of concluding plans to reduce the staff strength of the company without considering redundancy or any other alternative to…

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