It will not be long before SAA has a major airliner go down and kill hundreds of people. Then the ANC must be sued for billions.
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Source: SABC News Online - 🏆 32. / 51 Read more »
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 R3.5bn for the next four months, and needs to find the money. LeboLola Fin24 At least he’s doing his job. Forecasting figures and such. 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.
Source: News24 - 🏆 4. / 80 Read more »
Why planes were delayed at King Shaka International Airport | Daily NewsShort staffed SAA delay flights out of King Shaka International Airport in Durban
Source: IOL - 🏆 46. / 51 Read more »
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 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 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 »
Bailing out SAA may be the very definition of insanityEvery few months the same thing is done as was done before, even though the results are as unsuccessful as the results from the round before, writes James Peron The question is.....why are they constantly loosing cash? Why?. It makes no sense.....I fear a VBS on a grand scale! Insanity....ANCsanity🤷🏾♂️ It will happen.
Source: BDliveSA - 🏆 12. / 63 Read more »
SAA Technical musical chairs continues as Nyuswa is shafted after six monthsWellington Nyuswa has been replaced after six months at the helm of the embattled SAA unit It’s only a matter of time this country experiences a serious engineering disaster due to the usual bullshit Natter of time before we have a major air disaster. I hope not but with current maintenance staff and productivity something , somewhere is going to go wrong
Source: BDliveSA - 🏆 12. / 63 Read more »
SAA Technical musical chairs continues as Nyuswa is shifted after six monthsWellington Nyuswa has been replaced after six months at the helm of the embattled SAA unit
Source: BDliveSA - 🏆 12. / 63 Read more »
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 »