#Gupta 2.0 – Harith, New Owner of SAA Set up by Mbeki Ramaphosa Faction Using Government Pension Funds?

#Gupta 2.0 - Harith, New Owner of SAA Set up by Mbeki Ramaphosa Faction Using Government Pension Funds?

Did anyone ask us? When connecting the dots, as Pravin Gordhan instructed, it seems the privatisation of SAA is yet another plunder scam by the ANC mafia. Harith, the new owner of SAA, was setup by the Mbeki and Ramaphosa faction of the ANC, possibly using funds belonging to the Government Employee’s Pension Fund (PIC). Just like when multi billionaire Oligarchs were created after the fall of the USSR, by funneling state public assets into private crony pockets. the privatization of SAA is just a massive ploy, designed to capture SAA for businessmen connected to Ramaphosa’s faction of the ANC! Was SAA deliberately bankrupted to enable this plunder of our assets?

Mango Flights Temporarily Grounded From May 1 After ANC Government Delays Paying Out Bailout Funds!

Mango’s flights will no longer be in the air from 1st of May 2021. This comes after the flight operator waited for months for their share of the bailout money, which was granted by the government to SAA.

#TheBlackFigLeaf To Excuse Corruption, Hide Black Incompetence & Plunder SOE’s! How Nontsasa Memela Used “Transformation” To Plunder SAA!

When Zuma said “corruption” is a European word, he meant corruption itself in African culture is normal & OK, it is just Europeans who choose to make it a bad thing. At SAA, like everywhere else, they did it #TheAfricanWay. The truth is, wide scale corruption was revealed at SAA before the Zondo commission. It seems wherever there was a black man or woman in charge of anything, there was theft, fraud & corruption. 

Embattled National Carrier gets R3.5bn lifeline from Development Bank

SA Airways (SAA) has secured R3.5bn in funding from the Development Bank of Southern Africa. “Discussions held with financial institutions have been fruitful,” joint SAA business rescue practitioners Les Matuson and Siviwe Dongwana said in a statement on Tuesday. The Read More …

SAA crisis becomes ANC nightmare – No banking institution wants to borrow R2 billion for bankrupt government-controlled entity

The competition to get SAA free will now begin, which the weakest state-controlled entity now has literally no value. The government’s inability to live up to its promise and make another R2 billion available to SAA as the largest rescue Read More …

SAA’s wings cut – bankrupt SOE can only pay salaries in January

The bankrupt, state-owned SAA airline company will manage to pay its staff salaries for January, but that’s where it all ends. With a bankrupt government failing to fulfill its pledge to pump another R2bn into the soe, it looks as Read More …

Cash-strapped SAA cancels 38 domestic and international flights

SAA has confirmed its cancellation of 38 domestic and international flights between OR Tambo International Airport and Cape Town, as well as between Johannesburg and Durban’s King Shaka airports. In a statement, the airline said: “These decisions are in line Read More …

SAA director resigns from his post amid crisis at state entity

SAA director Martin Kingston resigned from his post, and the move was welcomed by the communist-minded Numsa union as well as the trade union Sacca. The two unions also said the rest of SAA directors should follow Kingston’s example and Read More …

Pravin Gordhan says cash-strapped SAA may have no money for salaries this month

Minister of Public Enterprises Pravin Gordhan has warned that, while two unions at SAA are demanding salary increases for members, the airline might not even be able to pay any salaries at the end of the month. The minister was Read More …

SAA strike costing R52 million a day and with a bankruptcy record it could mean the end of the entity

More than 3000 workers affiliated with Numsa and Sacca downed tools at SAA on Friday over a wage dispute and plans to cut more than 900 jobs, costing the airline about R52 million a day. The interim chief financial officer Read More …