New draft plan will see SAA continue as 'fiscal black hole', DA claims

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The Department of Public Enterprises on Monday confirmed a draft business rescue plan has been tabled for SAA after the opposition DA leaked a copy.

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Cape Town – The Department of Public Enterprises on Monday confirmed a draft business rescue plan has been tabled for South African Airways after the opposition Democratic Alliance leaked a copy, saying it will see the government pour R21 million more into the carrier.

"President Cyril Ramaphosa on Sunday told members of the South African National Editors’ Forum that he saw a good future for the airline, which enjoys support right across the continent. Gordhan has expressed exasperation with their failure to deliver a plan to revive the airline as a viable, sustainable business, while they have said the government's refusal to commit to funding and the devastating impact of the pandemic on the industry is bedevilling the process.

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No decisions taken on SAA draft rescue plan, says DPEThere were reports earlier that government has agreed to fund a restructuring of the state-owned airline if a business rescue plan is adopted.
Source: ewnupdates - 🏆 30. / 53 Read more »

Government receives SAA draft business rescue planThe Public Enterprises Department says government hasn't yet discussed the plan, nor have any decisions been taken regarding the proposals. Pliz don't waste tax payer's money on SAA.instead go and arrest those who randown the company n bring back the money they stole.problem solved. Thanks for the update, but where is Batman in tonight’s news? Saze savelelwa ilo SAA, asikaze sidle ngisho isenti kuwona.
Source: eNCA - 🏆 49. / 51 Read more »

Another bailout for SAA, of R21bn, is not final yet, says governmentThe department of public enterprises has dismissed reports that government is planning to approve the draft rescue plan to hand SAA another bailout. This happens government must expect a full blown tax revolt Wow didn't jamndas say he not giving any more bailouts for the carrier or he was just playing politics with Tin fish Minister while they know very well BRP are looting all those funds What on earth Loads of cash floating around at the moment!!! Still waiting for a looting / state capture arrest!!!!!!! Instilling faith in South Africa . . Confidence brings investments 😂😂😂😂
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Government has not yet discussed SAA rescue plan: public enterprisesThe public enterprises department says it has received a draft business rescue plan for South African Airways, which is under business rescue Le ye R350 yona kumaxa indawoni b4 nibhabhe This is getting interesting by a minute. Not on GEPF money or HELL ON EARTH will happen!!!
Source: TimesLIVE - 🏆 28. / 59 Read more »

Government has not yet discussed SAA rescue plan: public enterprises“Government has not discussed the plan yet and no decisions have been taken on some of the proposals it contains,” the department said in a statement. Government has not discussed the plan yet? i SUPPOSE THEY ARE WAITING TO RAID THE GOVERNMENT PENSION FUND. Business Rescue was quite a convoluted way for the SA Government to retrench a few employees
Source: SowetanLIVE - 🏆 13. / 63 Read more »

DA wants parliament to probe NDZ over cigarette ban backtrackIn a statement on Monday, Mazzone said it came to light last week that Dlamini-Zuma “misled” South Africans about the amount of public participation her department received supporting the ban on the sale of cigarettes during the lockdown. The media carefully uses nice pictures on white people but uses not nice ones on black people and they know we are visual beings They desperate! I ❤️ SA
Source: SowetanLIVE - 🏆 13. / 63 Read more »