It’s time to move on and do things differently. I have been at Comair for 23 years and I think a bit of fresh blood is never a bad idea… It is time to take a break.”Whatever Venter’s next move is, market watchers believe that he has been critical to the Comair resilience and growth story.He’s one of the stalwarts of the aviation industry in South Africa. He has developed Comair into a significant player.
These ancillary businesses have become meaningful, contributing 27% to Comair’s group profit after tax of R127-million for the six months to December 2018. Unlike SAA’s ageing fleet, Comair has invested more R5-billion to upgrade its fleet to Boeing 737-8 MAXes, allowing its kulula.com and British Airways brands to increase seating capacity, operate more competitively, and cut fuel usage by at least 6%.
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Comair chief Erik Venter calls it quits | IOL Business ReportIn a statement published on the Stock Exchange News Service, the company said Venter’s resignation was for personal reasons.
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Comair chief Erik Venter calls it quits | IOL Business ReportIn a statement published on the Stock Exchange News Service, the company said Venter’s resignation was for personal reasons.
مصدر: IOL - 🏆 46. / 51 اقرأ أكثر »
BUSINESS MAVERICK: Corporate SA pushes into Poland’s land of promise and prosperityPoland is quite the flirt. It has attracted a number of JSE listed companies to its shores over the years. And as long as the SA economy remains dim and exchange controls are kept intact, industry players say that their home country will continue to push its companies into the arms of foreign suitors. And Poland does hold promise. It has increased its GDP per capita by almost 150% since 1989, more than any other European country.
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BUSINESS MAVERICK: The rand is going digital – and the Reserve Bank is open for suggestionsCentral bankers have always been protective of the currencies they keep. Stability is a top priority, which has made them rather cautious about solutions that threaten that position. Yet, lately, they’ve thrown that caution to the wind as more regulators actively start experimenting with the idea of cryptocurrencies and the underlying blockchain technology. Even the SA Reserve Bank is warming up to the idea of digital currency. And it has asked the industry to help it come up with the best ideas.
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Business Maverick: Sasol: What’s a billion between friends?Signs that costs were starting to overrun the budget began to emerge in January. In February, Sasol’s leadership took immediate and decisive action to correct the problem. However, news of the latest cost overrun saw the share price drop 13%. Management’s credibility is at stake. Can it recover?
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