Airline Finance News - Africa / Middle East.For more airline finance news, data and analysis, please go to: http://www.airguideonline.com/professional.htm South African Airways South African Airways (SAA) is South Africa's largest domestic and international airline company, with hubs in Cape Town and Johannesburg. It is also known in Afrikaans as Suid-Afrikaanse Lugdiens (SAL) South African Airways agreed this week to pay ZAR ZAR In currencies, this is the abbreviation for the South African Rand. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 55 million ($8.3 million) in fines levied by the South African Competition Commission for price-fixing violations. The Commission alleged that SAA (Systems Application Architecture) A set of interfaces designed to cross all IBM platforms from PC to mainframe. Introduced by IBM in 1987, SAA includes the Common User Access (CUA), the Common Programming Interface for Communications (CPI-C) and Common Communications and Lufthansa colluded to fix ticket prices on flights between Cape Town, Johannesburg and Frankfurt. It also claimed that SAA and South African carriers SA Express, Comair and SA Airlink colluded to fix fuel surcharges on flight tickets. SAA has a year to pay the fine fully and agreed to educate its management and employees on the nature of the violations to prevent similar anticompetitive an·ti·com·pet·i·tive adj. That discourages competition among businesses: anticompetitive foreign trade restrictions. behavior from recurring in the future. May 26, 2006 |
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