Trust in SAA is shot completely after it came to light that they entrusted the lives of thousands to a pilot that does not have the required credentials or license. It is understandable when you do not check the documentation of the guy or gal cleaning the offices or making the tea, but REALY….a Pilot?..
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How is it possible to fly a large aircraft without proper licensing and qualifications – what does it say about SAA?
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Suspended NPA boss hired to clean up SAA’s mess – SAA, who has been bankrupt after years of mismanagement and corruption now wants to make a turnaround – Is it to late?
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SAA, bankrupted after years of mismanagement and corruption, has named former prosecutions boss Vusi Pikoli as its chief risk and compliance officer as part of an effort to clean up governance at the airline. Pikoli is currently an adviser to the state security minister and was suspended as NPA boss by Thabo Mbeki in 2007…
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It is reported that Cyril has no solid economic policy, is that why he is just borrowing money from everywhere?
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Ramaphosa’s government doesn’t have an economic policy. All that’s been forthcoming is a stimulus package, plus two summits.
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Once again taxpayers will have to pay for the sins of the ANC-regime – SAA, Post Office and other ailing SOEs to receive billions in cash-bailouts
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Finance minister Tito Mboweni has announced a R9.1-billion bailout of struggling state-owned companies such as national carrier SAA and regional airline SA Express. In his first medium term budget policy statement to parliament on Wednesday‚ Mboweni announced that the troubled SAA would once more be recapitalised by the taxpayer to the tune of R5-billion. This..
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Bain & Company won’t be stepping down in state capture allegations
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Beleaguered consultancy Bain & Company on Monday morning issued a clarification that managing partner Vittorio Massone was not stepping down as previously communicated, but rather merely taking time to focus on cooperating with the Sars commission of inquiry.
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John Steenhuisen: “ANC-regime turned the state capture into state collapse”
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John Steenhuisen is perhaps one of the ANC’s biggest detractors. A firebrand in Parliament and an outspoken favourite in the DA, he’s no stranger to giving Mzansi’s ruling party the business. However, during a Cape Town press conference on Thursday, there was no wordplay – nor were there any trademark barbs. Indeed, the cigar handed..
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R59 million of taxpayers money will be spent to bail out bankrupt state entities
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Despite repeated assurances that bankrupt state entities will not be helped out again, Cyril Ramaphosa and the Cabinet announced that R59 million of taxpayers money will be spent to prevent entities such as SAA, SABC, Post Office and SANRAL, that are unable to pay their bills, from collapsing. SANRAL can no longer borrow money, the..
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Costly Head winds pummel the South African Airways
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Finance Minister Nhlanhla Nene has demanded an explanation from SAA for its contract with interim chief financial officer Robert Head that will see him pocketing more than R5‑million for six months’ work.
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Brace yourself, tougher times are still ahead
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As temperatures plummeted across the county this week, fuel prices hit record highs of R16.02 for a litre of 95-octane petrol in Gauteng.
Taxi fares and the cost of basic foodstuffs are also expected to rise as a result. But beyond appealing to manufacturers and service providers to hold off on increases, there is no immediate plan for the government to help hard-hit consumers.
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I see a bad moon rising – ANC has embarked on a policy path of radical populism in order to stay in power
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There’s no doubt any more that the ruling ANC has embarked on a policy path of radical populism in order to stay in power in the next and possibly several more national elections. It has stolen most of the radical ideas from the Economic Freedom Fighters (EFF) leaving its leader Julius Malema with only pure..
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After a Quarter Century of Black Rule in SA, “Blacks” Still Blame “Whites” For EVERYTHING! When will blacks appropriate accountability, responsibility, duty and honour?
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Despite being in charge and control of everything from Taxes, Budget, Finance, Police, Army, Hospitals, Roads, Municipalities, Councils, Parliament, Judiciary, Customs, etc. etc. the black majority government in South has been unable to do anything more than consume the wealth that whites created prior to 1994.
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Cash strapped state airline SAA goes on spending spree
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Struggling state airline SAA is splurging millions on executives and consulting firms in a spending frenzy that has been described as “worrying”.
Its recently appointed chief executive, Vuyani Jarana, has said the increased expenditure is necessary to address a severe skills shortage.
The Mail & Guardian has established that SAA, which last week received yet another R5‑billion bailout from the treasury, is paying R25‑million to Deutsche Bank in a deal to analyse its financials and restructure its debt.
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Broke SAA – R35-million are splurged on bodyguards ahead of job cuts
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Five top South African Airways “personnel” will be given R10,500-a-day bodyguards as the airline prepares to announce massive job cuts.
A two-year deal with security company Control Risks will cost the airline — which lost R5.6-billion in the 2017 financial year — up to R35-million.
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Cabinet expresses confidence in new SAA board
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Newly appointed Communications Minister Mmamoloko Kubayi says Cabinet is happy with the appointment of a new board at South African Airways. Yesterday Finance Minister Malusi Gigaba announced the axing of former SAA board chairperson Dudu Myeni, who has now been replaced by Johannes Bhekumuzi Magawaza. Anglo American board chairperson Nolitha Fakude has been appointed as..
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Dudu Myeni finaly fired as SAA chair
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Dudu Myeni has been removed from the board of South African Airways in what could be a range of changes made to the leadership of the embattled airline. The Mail & Guardian understands that Myeni will be replaced by businessperson JB Magwaza who has been appointed as the new board chairperson. It appears that members..
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