A little-known company that was awarded a multimillion-rand contract to supply fuel to SAA hasn’t delivered since October last year. This means that the airline has been short of 2-million litres of fuel a month – although this amount is Read More …
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 …
SA taxpayers to fund yet another government bailout – Cash-strapped SAA requests R4bn to survive current financial year after years of mismanagement and corruption
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. Zukisa Ramasia Read More …
Trade unions are threatening to stop all flights from SAA if their demands are not met
The unions Numsa and the SA Cabin Crew Association demand that the Chief Executive Officer (CEO) of SAA, Vuyani Jarana, be reinstated immediately in his post. This comes after Jarana announced that he had resigned. The two unions say they Read More …
SAA pay Comair R1,1 billion, where does the bankrupt state entity get the money from?
SAA conceded that it had violated the Competition Act and announced that it would pay R1,1 billion to Comair. The dispute has been in existence for a period of 10 years after SAA’s travel agents operated bonus schemes. The bonus 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 …
SAA airline finds itself in a perpetual debt trap that it just can’t escape from without government bailouts – all this because of incompetent ANC politicians, mismanagement and corruption
There’s a lot to take in with this story below of what could potentially become a massive crisis for the South African fiscus and taxpayer. In a telltale sign, suppliers to SAA are slashing their payment periods from 21 days Read More …
Everything that the ANC has laid its hands on since 1994 has been tainted, yet ANC members of Parliament say that there is absolutely nothing wrong in our country
Everything that the ANC has laid its hands on since 1994 has been tainted. Institutions, municipalities and services are collapsing. There is not a single success story. Things will only change if the ANC is ousted at the polls. At Read More …
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 …
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 …