SAA needs R3.5 billion by March, says interim CFO

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SAA needs R3.5 billion by March, says interim CFO | Fin24

 

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Benji_Seitlhamo Fin24 From who?

Fin24 How far is the new strategy ?

Fin24 They must fucking close down these SA what whats or sell them! Our tax monies could actually be doin way better things!

Fin24 Aowa this is too much every year they need a bailout

Fin24 Ramaphosa please don't let it be bailed out

Fin24 They should liquidate or auction SAA... If your debt is 3.5billion how are you paying employees if you are not even generating any revenue? I don't understand

Fin24 Ja it’s true SAA is liability now yoh 🙈

Fin24 Bayanya!!! Kanti bona inzuzo bayenza nini?

Fin24 Get some African Hip-Hop and African Beats AFRO SAL SOUL VOLUME 2 by ZILO GROOVE IS OUT SPOTIFY iTUNES APPLE MUSIC SOUNDCLOUD YOUTUBE VIDEOS

Fin24 And by July it will need 4billion, by November another 3billion. Even if they sell it, I doubt there is someone who would buy it. At least not now, me thinks. And I just need a smallanyana R400 000 by January

Fin24 SAA was made to fail so that it can be privatized, instead of coming with ideas to help them find more money they just want it closed. Same as what they did with VBS, they closed it so that Nedbank can gain those VBS customers. Cut salaries and bonuses for board members.

Fin24 I think we must all resign from our work so that we can see how this politician can survive. We are working for them.

Fin24 Does SAA have a business model?

Fin24 😏 Fire everyone and hire me

Fin24 Bathong!! Just part ways and shut it down .

Fin24 🎶 don't save her, she don't wanna be saved..

Fin24 Hand is over to private management.

Fin24 again!!!

Fin24 Give it to white people to manage. Full independent control, no political (esp “those” parties, you know which ones) interference. As an experiment. See how it looks in 5 years time. savetheeconomy myteam

Fin24 i just need R93K to pay my school funds

Fin24 Liquidate that shit!

Fin24 And I need 3.5 million by January

Fin24 Sorry i am out of town

Fin24 I only want 1 billion 😂

Fin24 So does the pensioner who is second in line, the prisoners are first they only want lap tops, WiFi and good shoes. Just a suggestion send SAA to Father Christmas.

Fin24 Who is going to stop this insanity SAA is a total stuff up.

Fin24 Sabc wants 5bill Anything starting with SA is crap omg,🤔

Fin24 People should stop using this airline and it will disappear. With no money maintenance is going to be a safely on other airlines

Fin24 Sell it, close it, burn it. Just stop spending my money on it

Fin24 Another state enterprise which has been looted and poorly run. What can we say!!!!

Fin24 Bla bla bla ...we all need money. shutitdown

Fin24 Again I say: shut the damn thing down!!!😫😫😫

Fin24

mduzuma2 Fin24 Ewu😆

Fin24 Put flysaa and FlyMangoSA on OLX_ZA plleeeeezzzzzz.....

Fin24 Me too!

Fin24 They can pi$$ right off! That money can be much better spent elsewhere... I wish we would just sell/close the damn thing now.

Fin24 Sell it.

Fin24 Or what ? You go bust ? I say we take our chances and watch it burn

Fin24 Bloody hell. Cut your losses, sell everything to someone with NO political affiliations and proven business acumen. Clearly the latter characteristic is conspicuous by its absence from the current situation.

Fin24 ?..so do I.

Fin24 Why not invest R3.5bn into building schools & hospitals? Why waste all this money on a dead horse? SAA doesn't NEED R3.5bn, they WANT it and the ANC will just give it to them while the taxpayer suffers!

Fin24 Then find ways of raising the amount needed without getting a bailout from tax payers.

Fin24 Fine, u want the money? U can have it.... From those whom have looted from it. Take it from them. Not from the taxpayer.

LeboLola Fin24 At least he’s doing his job. Forecasting figures and such.

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SAA needs R3.5 billion by March, says interim CFOThe interim chief financial officer of SAA, Deon Fredericks, has told Parliament that the embattled national carrier has a procurement requirement of R3.5-billion for the next four months, and needs to find the money. The pot is empty for Eskom but SAA can continue to get this kind of ridiculous BailOut - no bail - go straight to jail the whole lot under DuduMyeni & her gang of crooks! Just OLX it, we tired😡 To buy 'stuff' .......
Source: mailandguardian - 🏆 2. / 92 Read more »

SAA secures R3.5bn loan to keep operating until MarchThe cash-strapped flag carrier says the loan is needed to keep it operating until the end of the financial year in March. Fin24 Where does this money all go ? How does this lose money ? Fin24 Unfreaking believable. Fin24 Here we go again. Another R3.5bn down the toilet.
Source: News24 - 🏆 4. / 80 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 »

Embattled SAA needs R3.5bnSouth African Airways is in need of a substantial amount of money to salvage itself. Money that should be feeding the poor, used in health or improving education system is used to bail out SOEs, we are failing as a nation, our so called leaders are failing to account, how many times are they going to be bailed out? Well they ain't gonna get it then, why must they bail out corrupt useless Saa Keep on dreaming. SAA will not get the bail out.
Source: eNCA - 🏆 49. / 51 Read more »

SAA CEO says banks have agreed on R3.5bn lifeline in principleAirline CEO Vuyani Jarana sees no reason why the national carrier can’t access funds as its operations are now in good shape Kiss that money goodbye Suckers, let the government give them the cash, ha ha, I doubt they will see ANY cash from the banks, they never give you money when you most need it 🤣
Source: BDliveSA - 🏆 12. / 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 »

A consortium reportedly offers loan to ailing SAASouth African Airways says it needs an additional R3.5-bil­lion before March 2019. Probably a Chinese consortium Sure why not sell our national carrier to the highest bidder. Zuma sold the rest of S.A to Guptas, now his bitch is selling saa after using it as her own bank account. What's left for anc to loot ?.....health-care, education, pensions. Give it ALL to the zumas Please SAA accept their after Pravin has gone through the fine print. We can't afford to bail you out every year. And I think you also tired of coming up with a turnaround plan every year
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A consortium reportedly offers loan to ailing SAASouth African Airways says it needs an additional R3.5-bil­lion before March 2019. I’ll me more comfortable with SAA being partly private owned I must say. Right now they’ve a huge unbearable liability for we the tax payers. PresidencyZA Ramaphosa must make a decree for all government ministers/seniors to fly SAA to everywhere. Which consortium Is the consortium by any chance called treasury
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SAA needs R21.7bn just to stay in the air until mid-2019 – failure a systemic threat to South AfricaOfficial discussions are under way about providing the financially troubled SAA with another R9.2-billion by March 2019, Parliament’s public enterprise committee heard on Tuesday. Such a financial parachute would come within just four months after the R5-billion bailout the National Assembly is expected to approve on Wednesday as a special appropriation. SAA told MPs it actually needed R21.7-billion to stay in the air. And that would have to come from government, according to its approved corporate plan, ‘Shareholder to recapitalise SAA’. marianne_merten Close it down. SA is more important than SAA! marianne_merten Don’t they going to stay in the air🙈 marianne_merten What if they just parked the planes off, sub lease all planes and equipment. And govt just paid the difference to settle the debt. Would that be 'cheaper' than actually operating the airline?
Source: dailymaverick - 🏆 3. / 84 Read more »