Tag Archive for: Airline Industry

Sisipho Ntsabo
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Relocation Africa: The Effects of the Global Pandemic

The world has come to a complete standstill due to the COVID-19 pandemic. Many industries, companies and businesses have been affected by this, compelling them to restructure the way business is conducted. The global mobility and relocation industries are some of the industries that have been severely impacted by the global pandemic. This in turn has affected the mobility industry, ultimately affecting the relocation industry. Relocation Africa, mobility, relocation, and immigration business has been largely affected by this pandemic.

In efforts to combat the spread of the virus and ensure the safety of their citizens, states have enforced bolder border entry restrictions, travel bans, and quarantine adherences. This has made managing the expatriate and international assignee workforce complex and challenging. Relocation Africa, situated in a continent that has been administered severe travel restrictions from third world countries while undergoing a slow vaccine rollout. Relocation Africa provides a variety of Mobility, Immigration, Research, Remuneration and Expatriate Tax services across the continent of Africa, assisting individuals and corporate clients settle into new environments as efficiently as possible.

The mobility, immigration and relocation industry has had to change the way they conduct business, to resort to flexible and remote ways in engaging their mobile expatriates and international assignees. At Relocation Africa has had to change their normal procedure/ operations of mobility and relocation to accommodate the travel restrictions and their clients.

Relocation Africa has flexed all its programs. Adding new services such as remote packing up for clients, remotely or virtually selling products for countries who are not in the country, conducts virtual and adjusted services such as opening bank accounts to allow expatriates to do this more remotely. Relocation Africa has also extended its online platforms to include more information that is readily available to its clients. Relocation Africa has also had to ensure that all training and expectation management has considered COVID-19 protocols and to ensure each assignee safe and prioritised. We have also attempted to communicate more extensively to all our clients as we cover a large geography with very different regulations, border closing and re-opening, as well as immigration regulations that are adjusting as the pandemic changes.  We would like you to connect with us on LinkedIn, Instagram, or Twitter to ensure you are getting our updates on service offerings as well as travel updates and border regulations.

 

 

 

 

 

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Andrew Stegmann
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South African Airways Could Adopt Telkom Model of Governance: Report

Public Enterprises minister Pravin Gordhan says that the government would consider a shareholder structure similar to Telkom, for South African Airways.

Telkom runs independently from the government, despite it having a 37% stake in the listed entity, while state-owned Public Investment Corp holds approximately 15%. The rest is owned by institutional investors and the public.

“Telkom is an interesting model that we could actually look at as we go forward,” Gordhan reportedly said to eNCA.

The National Treasury last week committed to support and source funding for the airline’s new business rescue plan.

It is projected that R10.1 billion will be required to fund the plan. This money will be used to:

  • Clean up and establish the balance sheet;
  • Restructure the rest of the group entities that are not in business rescue;
  • Provide working capital for the rest of the group’s entities;
  • Create a stable and viable platform for a new restructured national airline.

The restructuring will also include severance packages to about 2,700 SAA employees who will be retrenched, the Department of Public Enterprises said.

For information as to how Relocation Africa can help you with your Mobility, Immigration, Research, Remuneration, and Expat Tax needs, email info@relocationafrica.com, or call us on +27 21 763 4240.

Sources: [1], [2]. Image sources: [1], [2].