Close SAA, the lenders must take the hit, that is why the interest charges are priced for the risk, Gvt must pay off the debt they guaranteed, rather pay off the debt than throwing good money after bad. anc won't because it's about elections and jobs.
The strategy of all SOEs CEOs is to ask for financial support. All of them. What sort of strategic leadership do they have? They get paid millions just to ask for support? Would the country develop if the private sector’s strategy was to ask for support from state?
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SAA secures R3.5bn in funding to keep afloat until JuneThe cash-strapped airline has made significant strides in its turnaround strategy, says CEO Vuyani Jarana, but its heavy debt is still a major challenge 🤦🏾♂️ Giving the drug addict his stash instead of going cold turkey More debt ! Share it amongst the three new SBU’s !
Source: BDliveSA - 🏆 12. / 63 Read more »
SAA secures R3.5bn to keep it afloat until June, still needs moreAnd R1bn of going to Comair/Kulula to pay for the fine? How much does it generate if it requires so much fundings ?
Source: ewnupdates - 🏆 30. / 53 Read more »
WATCH: SAA secures R3.5bn cash injectionSAA will remain a single entity but will be broken into three separate business units as part of a restructuring plan. Pouring money into a bottomless pit! Just close it down. From who? To get out of debt in which century lol
Source: eNCA - 🏆 49. / 51 Read more »
WATCH: SAA secures R3.5bn cash injectionSAA will remain a single entity but will be broken into three separate business units as part of a restructuring plan. 😓 Who game then so much money without hesitation These SOEs r making South Africans poorer, this money can make a lot of difference in developing ppl lives. How many times is this gonna happen. Were tired we need change.
Source: eNCA - 🏆 49. / 51 Read more »
DA calls on Tito Mboweni to not award any more bailouts to SAAThe party says there’s no reason for SAA to still be in business, adding the national carrier is still cursed by maladministration and corruption. SAA IS A BOTTOMLESS PIT!!!! I am runnning a struggling business which queue can I stand if for Bailout every 6 months, my business does help the poor people
Source: ewnupdates - 🏆 30. / 53 Read more »
Vytjie Mentor takes issue with Home Affairs, SAA, Emirates recordsThe commission can not find a record of her flying from Cape Town to Johannesburg to meet Zuma and the Guptas. I owe VytjieMentor my life. I remember one day i was very sick that i couldn't move my body. But just seeing her on TV, I managed to crawl to the TV and switched it off. I hate Explosive world class liars. StateCaptureInquiry ThuliMadonsela3 _AfricanSoil Our_DA MYANC
Source: TheCitizen_News - 🏆 6. / 75 Read more »
#StateCaptureInquiry: Mentor queries SAA, Home Affairs documents contradicting her evidence | IOL NewsVytjie Mentor has raised questions regarding evidence from SAA and the Department of Home Affairs which was presented at the Zondo commission.
Source: IOL - 🏆 46. / 51 Read more »
SAA and Nedbank break new ground with Voyager cheque cardThis is in response to growing consumer demand for a way to earn SAA Voyager miles without the qualifying for credit.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
SAA launch world-first cheque card that will earn you miles without the creditIn partnership with Nedbank, the international carrier launched an alternative to a miles-connected credit card - and a first in the world. Traveller24_SA AVOID LIKE THE PLAGUE Traveller24_SA WTAF? How does that fix the mess at SAA ? 🤣🤡 Traveller24_SA This airline is costing the country money thru corruption and incompetence. Do not take their offer and fly other airlines until this once excellent airline disappears. They have stolen our money
Source: News24 - 🏆 4. / 80 Read more »
SAA to appeal Comair fine - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Supreme Court of Appeal in Bloemfontein is expected to hear the matter between SAA and Comair. The High Court in Johannesburg ordered SAA to pay more than R1 billion in damages to Comair for anti-competitive conduct, however, SAA is appealing the verdict. Where will SAA get the money to pay that fine? Another blow... Let me get this right, whoever sues SAA would bankrupt this country because they have the weakest approach and structure, competitor's always capitalising on poor management from saa Haybo, please post a link to the judgement. Where will they get that kind of money?
Source: SABC News Online - 🏆 32. / 51 Read more »