Olivia Kumwenda-Mtambo, Reuters, Author at ACTSA

SAA pilots given 48-hour ‘lockout’ notice, administrators say

Administrators want the pilots to accept new terms and conditions, which include new salary scales.

In early trade the rand was at R15.05 against the US dollar, 0.22% weaker than its previous close.

As local subsidiaries repaid loans to foreign parent companies, the central bank said on Tuesday.

In early trade the rand was at R15.09 against the US dollar.

In early trade the rand was at R15.02 versus the dollar.