Everything that the ANC has laid its hands on since 1994 has been tainted. Institutions, municipalities and services are collapsing. There is not a single success story. Things will only change if the ANC is ousted at the polls. At Read More …
Fraud and theft behind SAA bankruptcy – SAA’s debt is currently R15 billion more than its assets, and banks will no longer lend the airline any money
While the airline is required to present its financials by the end of the month, it cannot do so as it’s technically bankrupt. A report in The City Press on Sunday documents the massive financial problems of state-owned airline South Read More …
SAA’s Top-Heavy Structure Reason Of Their Financial Woes
Cabinet expresses confidence in new SAA board
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 Read More …
SAA Boss Dudu Myeni: ‘I’m A Transformation Hero’ – Read Her Astonishing Letter To Parliament
Who is a bigger clown in South Africa’s state-owned entities: SAA chairperson Dudu Myenior SABC propaganda czar Hlaudi Motsoeneng? That was the question being batted around after Parliamentarians read a letter from Myeni explaining why she won’t resign from heading Read More …
Why Is Dudu Myeni Not Behind Bars Yet?
Dudu Myeni in her Banana costume. Jeez, what was she thinking? Imagine you are the CEO of a company anywhere in the world and steal it into bankruptcy to the tune of an R4.67 billion loss in one year. Not Read More …