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 speaking at a Parliamentary briefing on Wednesday. The meeting was called for feedback on power..
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Pravin Gordhan says cash-strapped SAA may have no money for salaries this month
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SAA strike costing R52 million a day and with a bankruptcy record it could mean the end of the entity
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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 of SAA Deon Fredericks, said the strike was pushing the struggling airline to unsustainable levels…
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Passengers stranded after numerous SA Airlines flights canceled due to irregularities with recent audit report
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Many flights from the SA Airways and its subsidiaries such as Comair have canceled flights because an audit report showed that aircraft were forbidden to take off. The SA Aerospace Technical Division released the audit, which shows that there are “irregularities” that emerged with the audit. Exactly what irregularities at SAL Technically led to the..
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Trade unions are rejecting ANC’s plans to sell non-performing SOE’s
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All indications are that the ANC is prepared to execute the Tito Mboweni plan and sell the non-performing entities. For the ANC it is like swallowing a prickly pear with thorns and all, because it is a testament to their inability to run certain entities profitably. The Ramaphosa government faces an enormous fiscal dilemma, and..
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#ParasiticParastatal – SA Express is just another bottomless pit swallowing taxpayers’ money
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It is disturbing to realise that recently another enormous lifeline was quietly given to SA Express while all the attention was on Eskom, the SAA and the SABC. According to the Free Market Foundation, SA Express received a lifeline of R1,24 billion from the government in November last year and was now given government guaranteed financing amounting to R300 million.
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Rothschilds the new Guptas? – Rothschild family accused of preying on South Africa’s state-owned enterprises
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South African unions have joined forces to take on the Rothschild family, which they have accused of being involved in attempts to ‘capture’ the country’s SOEs (State Owned Enterprises). According to the Citizen tabloid, the NUMSA (National Union of Metalworkers of South Africa) and the SACCA (South African Cabin Crew Association) released a joint statement,..
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Ramaphosa rejects privatization of SOE’s although the whole lot is poorly managed by incompetent staff, and cost SA billions of rands
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President Cyril Ramaphosa has reaffirmed government’s plans to support ailing state-owned enterprises (SOEs) and made it clear that there’s no intention to privatise them. Ramaphosa was replying to debate on his State of the Nation Address at a joint sitting of Parliament on Wednesday. He did not respond directly to criticism from opposition benches, instead..
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State capture, another horrific finding!: SAA loses out on 2-million litres of fuel a month as BEE music promoter fails to deliver
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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 small enough to not have caused any major problems. This was testimony at the state..
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It seems like the ANC ship is sinking and high-paid officials fleeing – Many high-ranking SA bosses are resigning or retire
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It appears that there is a new disease in South Africa, namely retirement or resignation. High-ranking officials are now “unexpectedly” stepping down and parliamentarians are also joining the queue. The list grows by the day with the latest announcement from Sandile Shabalala from TymeBank , only three years after his employment. He followed SAA’s boss..
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Blame Everyone But Themselves: NUMSA Now Blames Rothschild’s, “The New Guptas”, for Problems at Embattled SAA & State Owned Enterprises!
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If there is one lesson communism has taught the world, but which the world has refused to learn, it is that when someone else’s money runs out, someone else gets the blame. The Rothschild’s, who are conveniently white, as all evil perpetrators should be in South Africa, are now accused of preying on South Africa’s state-owned enterprises. South African unions have joined forces to take on the Rothschild family, which they have accused of being involved in attempts to ‘capture’ the country’s State Owned Enterprises (SOEs).
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SA taxpayers to fund yet another government bailout – Cash-strapped SAA requests R4bn to survive current financial year after years of mismanagement and corruption
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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 becomes interim CEO after Vuyani Jarana unexpectedly resigned on Sunday, after less than two years..
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South Africa in shambles: Did somebody say it’s a “Sh**hole”?
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Mzansi has hit rock bottom and the ANC GOVERNMENT is the cause of this all. Ok so Municipalities cannot pay salaries, SABC cannot pay salaries and is bankrupt, Denel cannot pay salaries and is bankrupt, Transnet is bankrupt, SARS is running in a minus, SAA cannot pay salaries and is bankrupt, Escom is Bankrupt, Telkom..
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South Africa: The collapse of all State Owned Entities such as Eskom, SAA, SABC etc are all falling apart due to corruption, incompetent management as a result of BEE and government interference
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SOE’s such as Eskom, SAA, SABC etc are all falling apart due to exploitation, unskilled management thanks to BEE and government interference. The sensible solution would have been privatization, but that is absolutely not within the Socialist, Communist framework of the ANC government. The following was reported on Social Media on 17 March 2019: SAA..
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Just something to think about with regards to SA taxes that will leave you shocked!
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Taxpayers should not foot the bill for ANC government’s failures. We need to look deeper into our system of government, and how we allocate risk and reward, responsibility and accountability. At this moment, if you earned R100, you pay R33 income tax. You are left with R67. You buy R67 worth of fuel, pay 48%..
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ANC Achievements after 25 years of governing South-Africa
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Vote ANC: We have increased the crime rate, poverty, unemployment and corruption Welcomed the Guptas, gave them citizenship, and allowed state capture We allowed the Marikana, Esidimeni and VBS bank scandals to occur Our cadres assisted in messing up our schools, health and municipal services, the SABC, Eskom, Prasa, SAA, Armscor, Transnet and other SOE’s…
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