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How much taxpayers money has been thrown into SAA’s black hole to stay afloat?
Billions and billions have been thrown at The South African Airways (SAA), but the airline don’t have much to show for it. It’s hard to recall a time when the limpest of all our state-owned entities was successful on its Read More …
Can you believe this, the SAA requests R4bn government bailout, their ‘wings’ needs to be clipped NOW
JOHANNESBURG – South African Airways (SAA) appointed its head of operations as acting chief executive on Friday and said it needs R4-billion from the government to survive the current financial year and allow it to renegotiate loan terms with banks. Read More …
The Police bust SAA pilot who was fired for flying with fake licence for 20 years
A senior SAA pilot, who had been asked to resign earlier this year after it was found that he had flown commercial airplanes for more than 20 years with a fake licence, has been taken into custody, police have said. Read More …
Boycott South African Airways – Here’s why!
Boycott SAA because it wastes R5 billion annually. That could fund 120 000 university students, 50 000 RDP houses, 10 (300-bed) hospitals, 300 schools, or 30 000 police. It is your patriotic duty to do so. If you are unpatriotic, Read More …
BREAKING NEWS:- SAA has already eaten through more than half of its R5 billion bailout
So here we go again:- SAA will receive ‘final’ bailout of R5 billion, says Department of Public Enterprises
ANC regime exploiting taxpayer’s money more and more – Treasury writes off R23 billion, SAA will get more money
The Treasury has announced that it has written off almost R23 billion of government’s SA investment. In the previous financial year, R13 billion was written off and Treasury expects SAL to show losses until 2020. According to economists, it is Read More …
Breaking News:- Six SAA pilots retire at the same time
Fraud and theft behind SAA bankruptcy – SAA’s debt is currently R15 billion more than its assets, and banks will no longer lend the airline any money
While the airline is required to present its financials by the end of the month, it cannot do so as it’s technically bankrupt. A report in The City Press on Sunday documents the massive financial problems of state-owned airline South Read More …