SAA conceded that it had violated the Competition Act and announced that it would pay R1,1 billion to Comair. The dispute has been in existence for a period of 10 years after SAA’s travel agents operated bonus schemes. The bonus Read More …
Struggling airline under ANC control is apparently under extremely difficult financial circumstances and will now be rescued by commercial banks – This is the result of corruption and incompetence, celebrated in the ANC ranks
South African commercial banks are basically prepared to help the instable SA Airways with R3.5bn as a lifeline. The struggling airline needs the funds very urgently to meet his short-term obligations. SAA’s Chief Executive Officer, Vuyani Jarana, says the amount Read More …
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?
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 Read More …
Boycott South African Airways – Here’s why!
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, Read More …
SAA airline finds itself in a perpetual debt trap that it just can’t escape from without government bailouts – all this because of incompetent ANC politicians, mismanagement and corruption
There’s a lot to take in with this story below of what could potentially become a massive crisis for the South African fiscus and taxpayer. In a telltale sign, suppliers to SAA are slashing their payment periods from 21 days Read More …
Everything that the ANC has laid its hands on since 1994 has been tainted, yet ANC members of Parliament say that there is absolutely nothing wrong in our country
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 …