Posts tagged with 'SAA'

 

SAA strike costing R52 million a day and with a bankruptcy record it could mean the end of the entity

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More than 3000 workers affiliated with Numsa and Sacca downed tools at SAA on Friday over a wage dispute and plans to cut more than 900 jobs, costing the airline about R52 million a day.

The interim chief financial officer of SAA Deon Fredericks, said the strike was pushing the struggling airline to unsustainable levels. “If this strike continues, we are running the risk of putting SAA out of business,” Fredericks said.

Even though they are working with Mango Airlines to accommodate as many customers travelling on domestic services as possible and refunding passengers their flights or travel with other airlines.

SAA is facing a crippling onslaught by the National Union of Metalworkers of SA (Numsa) and the South African Cabin Crew Association (Sacca). The national air-carrier is threatening the unions with legal action if they fail to retract comments that the safety of passengers cannot be guaranteed.

Over the weekend, Numsa said any
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Trade unions are rejecting ANC’s plans to sell non-performing SOE’s

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All indications are that the ANC is prepared to execute the Tito Mboweni plan and sell the non-performing entities.

For the ANC it is like swallowing a prickly pear with thorns and all, because it is a testament to their inability to run certain entities profitably.

The Ramaphosa government faces an enormous fiscal dilemma, and the sale of various entities will not only be humiliating, but will also leave many ANC senior workers unemployed when private entities take over the entities.

However, the question is whether Cosatu and other unions will agree to such a move, knowing that their own members may lose their jobs because it is known that the state entities are not profitable because too many people are employed was taken.

Institutions such as Denel, SAA, Eskom, Transnet, and various other entities are likely to come under the “selling spotlight” when negotiating with the unions that will oppose the idea.

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#ParasiticParastatal – SA Express just another bottomless pit swallowing taxpayers’ money

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It is disturbing to realise that recently another enormous lifeline was quietly given to SA Express while all the attention was on Eskom, the SAA and the SABC. According to the Free Market Foundation, SA Express received a lifeline of R1,24 billion from the government in November last year and was now given government guaranteed financing amounting to R300 million.

It seems that the Free Market Foundation forced SA Express by means of the Promotion of Access to Information Act to disclose its financial statements and managerial account data.

SA Express has become a large hole draining tax money from the fiscus dam and if it continues in this way, it will drain everything until there is nothing left. The ANC will have to realise at some point that the country does not have an inexhaustible source of money and that public enterprises cannot be saved from financial ruin indefinitely.

Like with e-toll, taxpayers will get to a point where they will n
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Rothschilds the new Guptas? – Rothschild family accused of preying on South Africa’s state-owned enterprises

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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 SOEs (State Owned Enterprises).

According to the Citizen tabloid, the NUMSA (National Union of Metalworkers of South Africa) and the SACCA (South African Cabin Crew Association) released a joint statement, claiming that the Rothschilds were “interfering” in SOEs for “selfish and greedy purposes.” The statement alleged that the wealthy family intended to collapse SAA (South African Airways) so it could be privatized.

The Rothschild family is the most famous of all European banking dynasties; for some 200 years, it has had great influence on the economic and, indirectly, the political history of Europe. It also holds stakes in many businesses internationally.

The South African unions said that the Rothschilds were using an alleged link to SAA board member Mark Kingston, who
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Ramaphosa rejects privatization of SOE’s although the whole lot is poorly managed by incompetent staff, and cost SA billions of rands

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President Cyril Ramaphosa has reaffirmed government’s plans to support ailing state-owned enterprises (SOEs) and made it clear that there’s no intention to privatise them.

Ramaphosa was replying to debate on his State of the Nation Address at a joint sitting of Parliament on Wednesday.

He did not respond directly to criticism from opposition benches, instead saying he welcomed all the inputs made and insisted the government had a clear plan to reignite the economy and halt the jobs bloodbath.

Ramaphosa said SOEs had a critical role to play and won’t be privatised.

“The successful takeover of the distribution of Sassa grants by the Post Office is a clear demonstration that government institutions do have the capacity and the capability to implement projects of great magnitude,” he said.

Before taking over the task last April, only 31,000 beneficiaries were paid through the Post Office. Ramaphosa said last month, that numbe
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State capture, another horrific finding!: SAA loses out on 2-million litres of fuel a month as BEE music promoter fails to deliver

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A little-known company that was awarded a multimillion-rand contract to supply fuel to SAA hasn’t delivered since October last year.

This means that the airline has been short of 2-million litres of fuel a month – although this amount is small enough to not have caused any major problems.

This was testimony at the state capture inquiry on Tuesday.

The company, EML Energy, owned by Pretoria music promoter Eldridge Motlhake, was granted a contract to supply about 2-million litres of Jet-A1 fuel to SAA last year, said SAA head of fuel management Mark Vaughan.

The Sunday Times previously reported that EML stood to make up to R67m a month from the deal.

The commission is in the process of investigating how EML Energy first landed a deal with SA Express, which appointed the energy company to supply 18 times more fuel at Pilanesberg Airport than the airport could use.

The evidence will also focus on alleged fraud and co
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It seems like the ANC ship is sinking and high-paid officials fleeing – Many high-ranking SA bosses are resigning or retire

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It appears that there is a new disease in South Africa, namely retirement or resignation. High-ranking officials are now “unexpectedly” stepping down and parliamentarians are also joining the queue.

The list grows by the day with the latest announcement from Sandile Shabalala from TymeBank , only three years after his employment.

He followed SAA’s boss Vuyani Jarana’s actions who made huge bravado bets on SAA’s revival.

SA Business Leadership’s Bonang Mohale has just announced that he will not renew his contract.

Christo Wiese is also attempting to sell R3.3bn of his Shoprite shares. Absa’s Maria Ramos resigned as head of the bank while Comair, Old Mutual and Massmart’s Chief Executive Officers have given notice that they are also retiring.

Financial experts believe the reason for the exodus is a lack of trust between boards, management and chief officials.

Poor communication b
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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).

According to the Citizen tabloid, the National Union of Metalworkers of South Africa and the South African Cabin Crew Association released a joint statement, claiming that the Rothschilds were “interfering” in SOEs for “selfish and greedy purposes.” The statement alleged that the wealthy family intended to collapse South African Airways (SAA) so
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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 in the job, saying his turnaround strategy for the loss-making airline was being undermined by a lack of state funding and too much bureaucracy.

SAA has not made a profit since 2011 and Jacana launched a five-year turnaround plan that includes slashing costs and cancelling unprofitable routes, requiring around R21.7-billion in cash injections from the government.

“We are currently operating at a loss and that is the background to the request we’ve made for R4-billion of support for the current financial year,” board member Martin Kingston told a news briefing.

“We are in d
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South Africa in shambles: Did somebody say it’s a “Sh**hole”?

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Mzansi has hit rock bottom and the ANC GOVERNMENT is the cause of this all.

Ok so Municipalities cannot pay salaries, SABC cannot pay salaries and is bankrupt, Denel cannot pay salaries and is bankrupt, Transnet is bankrupt, SARS is running in a minus, SAA cannot pay salaries and is bankrupt, Escom is Bankrupt, Telkom is also going down, SANDF has no more funds and is in shambles, our Government Hospitals don’t even have money for bedding and our whole health system has collapsed, our police force don’t even have vehicles to go out to a crime scene and most of police officers are the actual criminals.

Nearly every minister in the ANC Government has been involved in corruption , bribery and mismanagement of taxpayers funds. Unemployment is the highest it’s ever been in the history of our country, our education dept has run out of funds and crime is out of control.

People have been put into power who earns millions a year but are as dumb as
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Just something to think about with regards to SA taxes that will leave you shocked!

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Taxpayers should not foot the bill for ANC government’s failures.  We need to look deeper into our system of government, and how we allocate risk and reward, responsibility and accountability.

At this moment, if you earned R100, you pay R33 income tax. You are left with R67. You buy R67 worth of fuel, pay 48% of taxes and levies on that fuel. R32. So from the R100 that you earned, you payed the government about R70 and kept R30. And if you spend that R30, 15%, R4.50, is VAT. And what did the government do with all your money? Nothing really except squandering it on everything except creating real value. Then they target you with racist legislation and blame you for the mess they created. And when you comment and ask questions in the media you’re branded a racist and unpatriotic and negative and should rather leave the country.

SA is currently facing a challenging time, with persistent issues in the economy weighing things down. A constrained b
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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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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?

A senior SAA pilot, William Chandler was forced to step down when it was discovered that he does not possess the proper licensing to fly big aircraft or large distances. This is something he has been doing for more than 20 years under the employment of South African Airways. SAA says it discovered that William Chandler’s pilot license was forged during an investigation into an incident that was reported on a plane he flew.

SAA spokesperson Tladi Tladi says the pilot has been forced to resign from the airline.

“The pilot concerned has since resigned but SAA has opened a criminal case against him. In addition, the airline will pursue civ
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