Taxpayers will have to cough up for SAA crisis, says Jonathan Jansen

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 59%

South Africa Headlines News

'Financially, SAA is on its knees, with debt exceeding R20bn. Unions demand a pay increase regardless, 8% across the board. Whatever the outcome, you the taxpayer will have to cough up.'

Image:hatever the outcome of the crisis at SAA, “the taxpayer will have to cough up”, says Prof Jonathan Jansen.

As the airline gears up for a crippling strike on Friday, Jansen painted a dire picture on the state of the carrier. He added that the taxpayer would ultimately be burdened. “Financially, SAA is on its knees, with debt exceeding R20bn. Unions demand a pay increase regardless, 8% across the board. Whatever the outcome, you the taxpayer will have to cough up. Who is in the wrong?," he wrote on Twitter.

Financially, SAA is on its knees, with debt exceeding R20 billion. Unions demand a pay increase regardless, 8% across the board. Whatever the outcome, YOU the taxpayer will have to cough up.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 28. in ZA

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 sticks to its guns on restructuring | IOL Business ReportSAA interim chief financial officer Deon Fredericks said the airline’s labour and fuel expenses needed to be reduced, because they were unsustainable. busrep
Source: IOL - 🏆 46. / 51 Read more »

We can't let SAA crash and burnThe writing has been on the board for a while, it was just a question of when.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

SAA Retrenchment NoticeRead the SAA notice of consultation in terms of Section 189 and 189a of the Labour Relations Act. These relate to retrenchments.
Source: mailandguardian - 🏆 2. / 92 Read more »

CARTOON: SAA restructuring cuts deepCartoon, November 14 2019
Source: BDliveSA - 🏆 12. / 63 Read more »

Parliament: SAA censured as it pleads financial dire straits ahead of strikeWhen SAA told MPs it would not submit its audited financials until its going concern status was secure, the national airline was bluntly told it was flouting the law. With a strike set from Friday, the pressure is on SAA and its search for bailout billions.
Source: dailymaverick - 🏆 3. / 84 Read more »

LIVESTREAM: SAA faces ScopaSAA will brief Scopa on its failure to table financial statements for the past two financial years.
Source: eNCA - 🏆 49. / 51 Read more »