Legal Articles and Guides
SAA huge damages payout just the beginning
The Gauteng High Court (Johannesburg) has ordered SAA to pay more than R104m plus interest to liquidated airline Nationwide for damages caused by SAA"s abuse of market dominance from 2001 to 2006. This, notes a Moneyweb report, is only the second claim of its kind in SA competition law and the first time a damages claim based on a finding by the Competition Tribunal has been litigated.
SAA ordered to pay millions in damages
The Gauteng High Court (Johannesburg) has ordered SAA to pay more than R104m plus interest to liquidated airline Nationwide for damages caused by SAA"s abuse of market dominance from 2001 to 2006. This, notes a Moneyweb report, is only the second claim of its kind in SA competition law and the first time a damages claim based on a finding by the Competition Tribunal has been litigated.
Whistle-blower application not urgent - SAA
SAA acting CEO Musa Zwane yesterday defended the airline"s acting chief financial officer"s actions in response to whistle-blower Cynthia Stimpel"s warnings about a dodgy deal and dismissed the urgency of the suspended treasurer"s application to halt a disciplinary hearing against her. The Labour Court in Johannesburg was told Stimpel had breached SAA"s code and ethics after she leaked documents to the Organisation Undoing Tax Abuse (Outa) that it used to institute court action against the airline in a bid to halt the carrier"s suspect debt financing deal with BnP Capital.
