SAA was placed under business rescue last month in an effort to save the company and 10 000 related jobs.
Unions briefed by the specialists appointed to turnaround the national carrier were told on Wednesday that the government had not yet been able to provide its portion of the funds and that the R2 billion from lenders had been exhausted.
Source: News Formal (newsformal.com)
Zuma Miyeni legacy
Everything is going to the dogs! Shame on you ANC! This is horrifying and we knew 25 years back this would happen!!!
Well you cannot service all your routes if you have sold the planes!
Take note TripAdvisor BBCAfrica news24 CNN SkyNews
Jesus
Workers at SAA no longer have that pride of working at this failing national airliner as it was before.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SAA flights, salaries at risk if government doesn't pay R2bn bailout soon - union | IOL NewsSAA could have to suspend some flights and delay salary payments if the government can't come up with a plan to provide the R2 billion it promised. Oh yes, they can’t pay the salary? The poor guys! But, why shall the tax-payers jump in AGAIN ? It is a damn never-ending story. Why are employees still with such un unreliable employer ? Go and look for another, secure job ! Everything For Free
Source: IOL - 🏆 46. / 51 Read more »
Liquidation of SAA not 'current scenario', say business rescue practitionersWhile the struggling state-owned airline has not yet received an additional R2bn in funds from Treasury, its business rescue practitioners say liquidation is not yet on the cards. Fin24 Airlines are struggling globally Fin24 South Africa cannot liquidate something that belongs to China. Maybe change the name to Chinese African Airways. Make the planes red with yellow stars. Put a dragon on the wing.
Source: News24 - 🏆 4. / 80 Read more »
SAA flights, salaries at risk if government doesn't pay R2bn bailout soon - union | IOL NewsSAA could have to suspend some flights and delay salary payments if the government can't come up with a plan to provide the R2 billion it promised. Oh yes, they can’t pay the salary? The poor guys! But, why shall the tax-payers jump in AGAIN ? It is a damn never-ending story. Why are employees still with such un unreliable employer ? Go and look for another, secure job ! Everything For Free
Source: IOL - 🏆 46. / 51 Read more »
LIVESTREAM: Ramaphosa addresses Busa indabaBusiness Unity South Africa (Busa) is hosting its second Business Economic Indaba on Tuesday. Can't trust a word he says...
Source: eNCA - 🏆 49. / 51 Read more »
Liquidation of SAA not 'current scenario', say business rescue practitionersWhile the struggling state-owned airline has not yet received an additional R2bn in funds from Treasury, its business rescue practitioners say liquidation is not yet on the cards. Fin24 Airlines are struggling globally Fin24 South Africa cannot liquidate something that belongs to China. Maybe change the name to Chinese African Airways. Make the planes red with yellow stars. Put a dragon on the wing.
Source: News24 - 🏆 4. / 80 Read more »
Ramaphosa vows SA will embrace private power generation | IOL NewsSouth Africa will embrace efforts by businesses to generate their own electricity, President Cyril Ramaphosa said. So now businesses muse generate their own electricity? So we stop paying Eskom then? I run my business from home - pick me. I already have the quotes, just send the money and I’m gone from the grid Why would this be so when they have to pay such high taxes to this government and now also generate their own electricity. Where can I resign from being an SA citizen if I have to generate my own electricity AND have a government hand in my pocket!
Source: IOL - 🏆 46. / 51 Read more »