Posts tagged with 'South African Airways'

 

Warning! SAA Strike will intensify – Talks between National carrier and striking unions collapse

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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 Metalworkers of South Africa’s (Numsa) Phakamile Hlubi-Majola, unions and the national carrier have failed to find each other.

Numsa and the South African Cabin Crew Association (Sacca) have warned they will intensify the strike across all SAA departments.

“If you have workers at the Civil Aviation Authority on strike, it means that none of the planes are going to fly. It’s not just SAA, its all planes”, said Hlubi-Majola.

The struggling state owned airline says its working around the clock to introduce additional capacity on the domestic network.

NUMSA T
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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 also facing the threat of a strike, which would see its entire fleet of planes grounded. The National Union of Metalworkers of South Africa (Numsa) and the South African Cabin Crew Association (Sacca) yesterday released a joint statement in which they condemned SAA for informing workers of its intention to restructure and retrench workers through a media statement.

On Monday, acting CEO Zuks Ramasia said: “It is difficult to estimate the number of employees who may eventually be impacted. No final decision will be taken until the consultation process is concluded. However, it is estimated that approximately 944 employees may be aff
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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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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 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.

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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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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 SAA in October last year to repay debt.

According to Tlali, SAA will not be profitable before 2021, but plans are on track to save the state-run airline from its money pen.

SA’s acting chief financial officer Deon Fredericks said in November that the airline needed the R3.5bn by March. According to Fredericks, SAA will suffer a R5.2bn loss in the current financial year to end-March, and a loss of R1.9bn in 2019-2020. However, SAA management has already warned the rise in oil prices could hamper its expected timetable for a return to profitability.

According to Tlali, SAA’s route between J
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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 you have no family, it is your selfish duty.

If you are a selfless hermit, fly SAA.

It can liberate enough wealth to save 1 000 babies through improved paediatric care and prevent thousands of rapes and murders through improved policing.

This is the social cost inflicted when government diverts spending from worthy causes to flights of folly.

Boycott SAA because the multi-year numbers are worse.

Past plus proposed subsidies and guarantees (R46 billion plus R21 billion) could fund 670 000 houses, 4 500 schools, 1 500 000 student years, or 20 000km of roads.

Boycott SAA because putting your bum on t
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