SAA needs over R7 bln in working capital from next month - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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SAA needs over R7 bln in working capital from next month

 

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SAA needs R7.5bn in working capital from next monthSAA is expected to make a R5.2 billion loss in the 2019 financial year and another R1.9 billion in 2020 before swinging into profit a year later, the presentation showed. They looted the money...but hey ! Media is biased. I wouldn’t mind if we were actually using the bailout money to pay our debts. Instead all the bailout payments are in the form of new debt taken. It’s like paying off one credit card bill with another. The fellow who creates money for these bailouts will certainly want his interest for his creation.
Source: ewnupdates - 🏆 30. / 53 Read more »

SAA shuts down Blantyre operations due to concernsSouth African Airways (SAA) has shut down its Blantyre operations effective from Saturday, January 19 2019. How is that for a Board that is suppose to be expanding..
Source: TimesLIVE - 🏆 28. / 59 Read more »

SAA shuts down Blantyre operations due to concernsThe airline opted to halt its operations following non-compliance findings made by the South African Civil Aviation Authority (SACAA) after its inspection at the Malawian airport.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Motsoeneng reveals new political partyFormer SABC head Hlaudi Motsoeneng ready to bring content to South Africa The acamedic lecture? 😂😂😂🏃‍♀️🏃‍♀️🏃‍♀️ And all the followers keep quite While he uses looted money to do all this Who is worst? 😂😂 gud for him he loves attention nje lobhuti
Source: eNCA - 🏆 49. / 51 Read more »

YouTubeNeem tree, also known as Azadirachta Indica has a plethora of benefits to offer.
Source: SABC News Online - 🏆 32. / 51 Read more »

South Africa to invest $1bn in South Sudan's oil sectorSouth Sudan’s oil industry is dominated by Asian firms including China National Petroleum Corporation, Malaysia’s Petronas and India’s Oil and Natural Gas Corporation. Gupta offshore account perhaps.....
Source: ewnupdates - 🏆 30. / 53 Read more »

South Africa to invest $1 bln in South Sudan's oil sector - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa will invest $1 billion in South Sudan’s oil sector, including in the construction of a refinery, the South African minister for energy and his South Sudanese counterpart for petroleum said on Friday.
Source: SABC News Online - 🏆 32. / 51 Read more »

South Africa to invest $1 bn in South Sudan's oil sectorSouth Africa will invest $1 billion (R14.19bn) in South Sudan's oil sector, including in the construction of a refinery, the South African minister for energy and his South Sudanese counterpart for petroleum said on Friday. this could be a smart move if only i trusted the peace in that country!....where does the money come from if you can hardly service our debt? BiancaDu alBashir Finally, us investing in our people. Imagine if this happened throughout the continent.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

SAA tells MPs it needs nearly R17bn by MarchThe airline has also pushed back its break-even date to 2021 . This is SAA is bleeding SA no to hell really!!!!!!!! holy cow! it was R3.5b this morning Like every other SOE, SAA is too shit to fail.
Source: BDliveSA - 🏆 12. / 63 Read more »

Embattled SAA needs R3.5bnSouth African Airways is in need of a substantial amount of money to salvage itself. Can someone wake me up we talking about people with degrees/post qualification/lot of experience but are failing what's wrong? I think we must take street vendors and spaza owners to run SAA. what do u think. Holy crap. Last month it was 3 billion. Growing by the day. Get rid of the crooks in SAA, then things will improve. But better still shut it down. What about the embattled tax payers? I’m so tired of paying for these incompetent blacks trying to run something.
Source: eNCA - 🏆 49. / 51 Read more »