Posts tagged with 'SAA'

 

Are ANC Lying About CoronaVirus Figures Like Their Chinese Communist Counterparts, and Are They Using it to Smear & Blame White People Again?

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As the world hits 150,000 infections globally, “Black Twitter” as it is known in SA, is spreading the myth that black people do not get Coronavirus! At the same time, one of the glaring things to come out of the surprisingly few coronavirus cases in South Africa, is that no infections were exported from China to SA? This despite there being multiple times more people coming from China to SA than Italy, yet it is Europe that the ANC seems intent on blaming for its Coronavirus infections.

In fact an SABC “executive producer” with a long title, made an entire report, with fancy graphics, about all Africa’s infections coming from Europe, even though there are over a million Chinese workers in Africa! However the Twitterati and WHO had a heart attack when people called it the “ChineseCorona” virus, even though that is where it started, but it is ok to point fingers at Europe? WHO was also very happy to announce that the v
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Deliberate Losses: Affirmative Action & BEE, A Scam That Bankrupted an Entire Country & ALL its State Owned Enterprises! Allowed To Steal Tons of Cash Just For Being Black, Not For Adding Any Value!

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Never before has there been as big a fraud perpetrated upon hardworking taxpayers than that which the majority black population has perpetrated upon South Africa. Imagine you know someone high up at a state owned utility, and because you are black, (and probably an ANC member too), you can add a 10% markup to the SOE’s services or product price and then have that 10% paid into your bank account. You then sit back and the money rolls in. By selling your blackness, to the utility to give it affirmative action credibility, you become a billionaire… you don’t work, you just steal. 

This nationwide fraud is institutional, structural and even official and is akin to legalised plunder! Like making something legal that was previously illegal, like marijuana was, defrauding the state has become legal in ALL its departments and State Owned Enterprises. It has become the norm, not the exception. Despite the fact that last year Cyril Ramaphosa, pirate in chief,
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Embattled National Carrier gets R3.5bn lifeline from Development Bank

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SA Airways (SAA) has secured R3.5bn in funding from the Development Bank of Southern Africa.

“Discussions held with financial institutions have been fruitful,” joint SAA business rescue practitioners Les Matuson and Siviwe Dongwana said in a statement on Tuesday.

The business rescue practitioners, supported by the departments of public enterprises and National Treasury, obtained the funding needed to meet the short term liquidity requirements of the airline.

“Discussions held with financial institutions have been fruitful, with the DBSA offering to provide the next tranche of funding, for a total amount of R3.5bn, with an immediate drawdown of R2bn.

“Furthermore, funding for the restructuring phase after the [business rescue] plan is adopted is being considered by potential funders,” read the statement.

“The advancement of the funds comes on the back of the business rescue process which began on 5 December 2019, wit
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SAA crisis becomes ANC nightmare – No banking institution wants to borrow R2 billion for bankrupt government-controlled entity

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The competition to get SAA free will now begin, which the weakest state-controlled entity now has literally no value.

The government’s inability to live up to its promise and make another R2 billion available to SAA as the largest rescue buoy has now made the entity very shaky.

Salaries for January can still be paid, but after that it will struggle, and in the meantime Minister Tito Mboweni is trying to convince all the bankers in the country to borrow the R2 billion.

Approximately 12 flight routes were abolished, destroying thousands of people’s travel plans and those who were prepared had to be content to get on with Mango Shipping.

A week of complete chaos is over, but the outlook for this week is as bleak as it was last week.

According to press reports, it appears that many ANC members of parliament are in favor of liquidating the SAA to lighten the load on the state coffers.

Now, a new shipping company is co
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SAA’s wings cut – bankrupt SOE can only pay salaries in January

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The bankrupt, state-owned SAA airline company will manage to pay its staff salaries for January, but that’s where it all ends.

With a bankrupt government failing to fulfill its pledge to pump another R2bn into the soe, it looks as if SAL will not remain standing.

The airfreight company faces three serious problems, and the solutions to this are vague and unclear, as different measures could not create a better situation.

The SAA needs at least R2bn to get its planes up, but with the many cancellations it has had to announce, its passengers are becoming less and less and profitability is becoming almost impossible.

The government’s inability to borrow R2 billion from any banker in the country has failed, which is now seen as a vote of no confidence in the financial approaches the regime is following.

It can inflict a final blow.

The large number of workers who should never have been hired is another reason why the
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ANC regime has driven SA into bankruptcy over a 25-year period

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The extremely dire situation in which South Africa finds itself has raised the question of whether it is not yet time to make a survey of everything that has been destroyed in 25 years.

A political analyst points out that the first red light came on when municipalities across the country, all of which had cash stashed  up over years, suddenly turned red in the face of bankers.

Today, there is probably not one municipality that is either totally bankrupt, or hesitates on the brink of bankruptcy.

The debt burden of billions of rand in municipal structures is one of the surest ways that South Africa will look just like Zimbabwe in the foreseeable future – tar roads become dust roads, light fires sometimes, and businesses close their doors, one sooner than the other.

The government is in the same position – the latest shock is that the government has failed to raise R2bn so that the bankrupt SAA can resume its flights.

SAA
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Cash-strapped SAA cancels 38 domestic and international flights

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SAA has confirmed its cancellation of 38 domestic and international flights between OR Tambo International Airport and Cape Town, as well as between Johannesburg and Durban’s King Shaka airports.

In a statement, the airline said: “These decisions are in line with SAA’s usual policy of reviewing flights and consolidating services with low demand. Furthermore, during the current process of business rescue, these cancellations represent a responsible strategy to conserve cash and optimise the airline’s position ahead of any further capital investment.”

The airline said it would be reviewing further schedule amendments over the coming days and would communicate any operational changes to its customers.

Those who have already booked the cancelled flights will be re-accommodated on alternative services including Mango.

Below is a list of all the cancelled flights:

The following domestic flights operated by SAA have been cancell
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SAA director resigns from his post amid crisis at state entity

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SAA director Martin Kingston resigned from his post, and the move was welcomed by the communist-minded Numsa union as well as the trade union Sacca.

The two unions also said the rest of SAA directors should follow Kingston’s example and submit their resignations.

Kingston’s resignation comes after Bloomberg said in his report there is no reason why the director should be on the board.

Kingston apparently decided to resign when the company was placed under rescue because of the extremely poor results being delivered.

The shipping company is still waiting for Treasury to pay the promised R2bn earmarked to keep SAA afloat and is the second part of the R4bn initially promised to the shipping company by the government.

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A New Year & A New Decade: More Communist Self Enrichment, Globalist Destruction of Identity & The African Way. You AiNtCeen Nothing Yet!

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Fall apart

At the time of year that most people in South Africa break away for a holiday, (the lucky ones that is), or relax at home, it has unfortunately become necessary to burst a few bubbles and challenge the mainstream narrative. South Africa is teetering on the brink and staring into the abyss as it stumbles into oblivion in the new year and a new decade. Just how bad it will be will become clear soon enough. Let those with ears listen…

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BEE has de-industrialised SA, pushed it backwards in time – The oppressed has become the oppressor, and technological advancement is no longer possible as we enter the New Sanitation Dark Age

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Zimbabwe had land expropriation as the spark that caused its economy to implode. South Africa has a slower, but equally insidious, government policy that is pushing it backwards in time: Black Economic Empowerment (BEE).

This warped system has enabled corrupt individuals to benefit personally from contracts as the country’s key services have steadily eroded. While BEE provided the mechanisms for state capture, the SA-specific term for wide-scale graft, it has also facilitated the spread of parasites that have, and continue to, suck the life-blood out of the country. This is the assessment of environmental expert Professor Anthony Turton, who warned some years back that Eskom was in critical condition – but no-one was listening. Now raw sewage flows in many streets and the electricity is turned off for hours on end, in what looks like a return of sorts to the dark ages, he points out. Turton’s article, republished here with kind permission of the Daily
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SAA: More unions want to strike after Gordhan’s attempt at wage and severance dispute fails

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In support of Numsa’s strike, and in opposition to the view of ANC minister Pravin Gordhan, more unions have indicated that they will join the strike.

The circumstances in which SAA currently finds itself have left the state-controlled entity in unsustainable status, and the entry of Pravin Gordhan has increased the bitterness and power building on both sides.

Gordhan’s attempt to settle the dispute over wages and retrenchments failed, thereby extending the strike, which would mean millions of Rand per day to losses for the already bankrupt entity.

There are apparently insufficient funds to pay the staff at the end of November, and the huge debt burden will not come to an end without a radical intervention.

True to their actions, the unions once again help push the entity further into the abyss with their unrealistic wage demands.

Numsa also expects SAA not to apply any retrenchments, which means that the national airca
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Pravin Gordhan says cash-strapped SAA may have no money for salaries this month

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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 utility Eskom, but Gordhan – who met with unions on Tuesday – also made some remarks about SA’s cash-strapped national airline.

The minister said the strike was worsening the airline’s financial crisis. “SAA doesn’t have enough cash to possibly even pay salaries at the end of the month,” he said. “Not only will people not get increases but they might not even get their salaries,” he added.

Members of the National Union of Metalworkers of SA and the SA Cabin Crew Association have been on strike since Friday over wages, proposed job cuts and the demand that more workers
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