Call it a day. DON’T BAIL THEM OUT AGAIN.
From who? Father Christmas?
⛔⛔
Hey hey hey hohoho father xmas back on track again..........
Shut it down , sell the assets and start another airline with private sector partners or just cut down on staff and close unprofitable routes and work on the supply chain... efficiency is key!!
Haike Ngoku.
All South Africans have non refundable shares in all the SOE's, Government & Corruption. All SA'ns currently support corruption & Bankrupt SOE's by choice!!. Human beings are slow learners, after 24 years of freedom SA's are still slaves to the current regime. Makes you wonder...
Close it down immediately
This government needs to recover the looted money and get the tax from the dodgy cigarette manufacturers.
Like every other SOE, SAA is too shit to fail.
holy cow! it was R3.5b this morning
. This is SAA is bleeding SA no to hell really!!!!!!!!
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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 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 »
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 »
Some MDC MPs 'receiving death threats' following mass marchThe threats coincided with a massive march organised by the opposition party to express anger over a growing economic crisis. EWN, you could do better. Don’t just publish anything you hear from Zim opposition.
Source: ewnupdates - 🏆 30. / 53 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 »
YouTubeNeem tree, also known as Azadirachta Indica has a plethora of benefits to offer.
Source: SABC News Online - 🏆 32. / 51 Read more »
Will west Africa give SAA the boost it needs?Newsletter| SAA CEO Vuyani Jarana has his sights set on acquiring new business in west Africa. Excited at the prospect of gaining access to Nigeria’s 190 million-strong population, he says this market could boost the beleaguered airline Ask MTN if this is a good idea. Uhm, yes. Until he tries getting the revenue out of that country. Many before him have tried and failed. Nigeria ain't for the innocent. Do all 190 Million of them fly?
Source: City_Press - 🏆 7. / 72 Read more »
SAA needs more urgent funding for turnaroundWhile the turnaround strategy initially envisaged SAA being on a sustainable path by 2020, CEO Vuyani Jarana says the date has now been pushed back by a year 😂😂 How can we be sure that the money is not going to some obscure, unnamed Gupta entity or another VBS type scheme? Just sell it!
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. 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 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 »