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You are creating unemployment in KZN, Premier slams SAA business rescue practitioners | IOL News

You are creating unemployment in KZN, Premier Sihle Zikalala slams SAA business rescue practitioners

2020-02-25 03:26:00 PM

You are creating unemployment in KZN, Premier Sihle Zikalala slams SAA business rescue practitioners

Premier Sihle Zikalala said the closure of the SAA route to Durban was economic sabotage and he said that the provincial ...

The local and provincial government fear that the cutting of the flights will hit its tourism industry hard. The provincial government also fear that cancelling SAA flights to Durban's King Shaka International Airport will hamper its ambitions to compete with Johannesburg and Cape Town as gateway cities to the African continent. 

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In the latest salvo aimed at the SAA’s business rescue practitioners, who came up with the plan, KZN Premier Sihle Zikalala questioned the practitioner's motive, saying they are seemingly creating unemployment in the country while securing employment for people in foreign lands. 

Speaking to the media after opening a three-day government lekgotla in Durban, Zikalala repeated statements that the closure of the route which would come into effect at the end of February was “economic sabotage” that they would not accept.  Read more: IOL News »

Grandtrek Uncharted

I have never known you as a coward sziks , there are two people that you need to confront face to face MYANC of mostly cowards its Pravin and CyrilRamaphosa. Ask them if we can reach 3o.5% can he resign ? Pls bro u still have my respect , u one of the few in the ANC . Let there be job losses , what can help Mzansi is true and free economic revolution. MYANC won't help blacks sziks, we don't have land, unemployment is high under CR and 2020 is going to be a job blood bath. Will you ask CR to resign if unemployment can reach 30%. Can u ziks?

No no no bro pls stop this thing of yours. You wanted CR then you got him let him show you flames. You all thought he is the right guy to lead ANC but now you cry. Can you imagine if it was JZ u would be hard on him. Pls tell CR in his face he won't expel you . MYANC ur cowards Somebody must stand against this bullying and privatization

🤦 Your ANC appointees at the SAA has run the company into the ground and now you want to blame the business rescue practitioners? He's just upset no more wine on the plane None of these MYANC cowards have the balls to take on the scumbag in charge of SOEs. They just moan from the sidelines. Hahaha this is so funny 😂 It is the ANC that is causing unemployment !!! You are the ANC - your people looted SAA as if it was your personal piggy bank - go cry somewhere else

Agreed, terminations are not based on empirical evidence which they are only trying to knit together post the decision..The BP’s decisions r no independent, largely influenced by narrow management interests within SAA. What s the plan for UK, Australia and US office’ headcounts? Understand but sometimes you have to have pain to save the whole body . I fly a lot and out of KIng Shaka so I will feel it

the national carrier don't make profit as Myeni ran it down so fingers must be pointed at her, where were the unions? You lit the fuse and now are complaining about the noise? Not, will they will create. You caused the problem. Suck it up Buttercup and resign cos' you the weakest link, goodbye 👋 ' The King is creating even more unemployment. Stop ignoring the facts

What? The business rescue guys are creating unemployment. Not the ANC eho stuffed it all up? These politicians. Lord help us. Because they certainly cannot.

SAA keeps financials under wraps SAA dares not publish its financial statements of the past two years because it would almost certainly be liquidated if it did, Public Enterprises Minister Pravin Gordhan has told Parliament. Wonder if normally citizens running a business can get away with this ? Then how is DBSA funding SAA without financial statements? So, break the law to keep a SOE alive? If SAA cannot be solvent on the basis of it’s balance sheet, then I cannot see how business rescue is appropriate.

Cancelled SAA Durban flights 'economic sabotage’ | IOL NewsThe KwaZulu-Natal government has labelled the move to cancel SAA flights in and out of Durban economic sabotage. Im sure it will quickly replaced by other airlines. If there is an opportunity to provide a service they will and will cost the taxpayers boggerall. My Fok Marlize. Not in your wildest dreams will regional SAA flights being cancelled cause any harm to the KZN economy. There are other airlines who have already soaked up the passengers. Life goes on, good bye SAA. What would you call the theft for all these years?

Business rescue process gives wings to SAA turnaroundIf successful, the restructure plan could be extended to other ailing SOEs, writes Eric Levenstein I hope so!

Business rescue process gives wings to SAA turnaroundIf successful, the restructure plan could be extended to other ailing SOEs, writes Eric Levenstein

Numsa to approach court again to compel SAA to consult workers over retrenchmentsRepresentatives of workers at embattled SAA have threatened to approach the courts for the second time to force the airline to consult its workers before publicising business rescue plans

Business rescue process gives wings to SAA turnaroundIf successful, the restructure plan could be extended to other ailing SOEs, writes Eric Levenstein I hope so!