JOHANNESBURG – Talks between South African Airways (SAA) management and striking workers have collapsed. Union leaders briefed the media and workers after the parties met on Saturday in an attempt to resolve the strike which began on Friday. Workers are demanding an 8%wage increase while SAA is offering 5.9%. According to the National Union for..
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Warning! SAA Strike will intensify – Talks between National carrier and striking unions collapse
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‘Mother of all strikes’ ready to paralyze SAA as union hints at ‘total shutdown’ if national carrier cuts a fifth of staff
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Numsa and Sacca already have a strike certificate as they accuse management of threatening them with retrenchments and call for the SAA board to be scrapped. As if their financial dire straits and the plan that they would have to retrench about 900 people were not enough, the national carrier South African Airways (SAA) is..
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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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Can you believe this, the SAA requests R4bn government bailout, their ‘wings’ needs to be clipped NOW
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JOHANNESBURG – 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..
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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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EFF’s Mbuyiseni Ndlozi talks about the ‘Fake’ pilot saga which is a prime example of white privilege, well Ndlozi can you pilot a plane?
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Mbuyiseni Ndlozi of the EFF is not surprised by the scandal surrendering an SAA pilot who flew for 20 years with an allegedly fake license. The Economic Freedom Fighter claims that this is not the first time ‘white privilege’ worked in the favour of an unqualified ‘professional’. Taking to social media, Mbuyiseni Ndlozi weighed in..
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Desperate times calls for desperate measures, but is this the right thing to do? After all financial losses occurred due to incompetence, negligence and corruption – SAA is borrowing R3.5bn from local banks
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South African Airways (SAA) received a R3.5bn loan to keep it going until the end of March. This forms part of the R21,7 billion SA management believes is needs to make its turnaround strategy succeed. SAA spokesperson Tlali Tlali confirmed the R3,5bn was received from local banks. This comes after National Treasury gave R5bn to..
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Boycott South African Airways – Here’s why!
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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, it is your ethical duty. If you are unethical, it is your familial duty. If..
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This is a very expensive item, let’s have a look at how much is Jacob Zuma’s retirement costing the South African taxpayer?
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Although Jacob Zuma has resigned from his position as president he still enjoys numerous benefits from his presidential career. Briefly takes a look at how much the South African taxpayer forks out to pay for Jacob Z’s golden years.
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BREAKING NEWS:- SAA has already eaten through more than half of its R5 billion bailout
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South African Airways seems to be a bottomless pit. South African Airways (SAA) has already spent more than half of its recently approved R5 billion government bailout.
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So here we go again:- SAA will receive ‘final’ bailout of R5 billion, says Department of Public Enterprises
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According to the Department of Public Enterprises, this R5 billion bailout will be the final financial hand-out afforded to the ailing national carrier.
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State Capture Inquiry schedule for Today & Friday: Hogan, Gordhan testimonies postponed
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Former minister of public enterprises Barbara Hogan’s scheduled testimony before the commission of inquiry into state capture was postponed on Wednesday.
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All aboard the money flight – SAA executive consultants paid R16 million salaries
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Embattled national carrier, South African Airways (SAA), has admitted to paying R16 million in executive consultancy fees. This includes R10 million for three personnel working on a six-month contract. Problems keep boarding SAA on a flight destined for collapse. This year alone, the airline received over R15 billion in government bail-outs. It’s been argued that..
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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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Cash-strapped SAA go on spending spree to address skills shortage
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Embattled national carrier, South African Airways (SAA) has dug deep into its purse in a means to address a “severe” skills shortage. As the Mail & Guardian reports, the airline has splurged millions appointing executives and commissioning foreign consulting firm, shortly after it received its latest bailout amounting to R5 million. According to the publication,..
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