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 buoy has now made the entity very shaky.
Salaries for January can still be paid, but after that it will struggle, and in the meantime Minister Tito Mboweni is trying to convince all the bankers in the country to borrow the R2 billion.
Approximately 12 flight routes were abolished, destroying thousands of people’s travel plans and those who were prepared had to be content to get on with Mango Shipping.
A week of complete chaos is over, but the outlook for this week is as bleak as it was last week.
According to press reports, it appears that many ANC members of parliament are in favor of liquidating the SAA to lighten the load on the state coffers.
Now, a new shipping company is considering, “what with a much better business structure, but experts say they have long had the opportunity to operate the SAA” with a better business structure.