Ramaphosa objects to SAA flight route cuts

Disagree all you want, the point of business rescue is to make the hard decisions which the government is incapable of doing at this stage. If they interfere, the whole process is a joke and they prove that they just lied to all investors or lenders that they asked more money from. Good luck getting credit again.
 
Uncle Cyril must decide, and make a firm decision. Does he or does he not want to save SAA. Then stick by it. He and the others are just making a joke of themselves sitting on the fence. First leaning this way, then the other.
 
Numb Nuts does not understand. 1st is was a bullet train and now Cairo to Cape Town road. Good luck with that you twat.
 
Hanno Labuschagne said:
Ramaphosa objects to SAA flight route cuts

South African President Cyril Ramaphosa said the government disagrees with a decision by administrators of the country’s state-owned airline to cut almost all domestic routes as part of a turnaround plan.

South African Airways is “an economic enabler, it enables people to move around the country,” he told broadcaster eNCA on Friday. “We want to find out what the rationale is and we want to have a discussion with them.”

The government placed loss-making SAA into a local form of bankruptcy protection in December to try and end a cycle of regular state bailouts and battles with creditors. Administrators led by Johannesburg-based Matuson & Associates said this week the airline would stop flying to nine international cities, including Hong Kong and Sao Paulo, and cease all local services except those between Johannesburg and Cape Town.

[Bloomberg]
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You either cut flight routes or fire a bunch of employees.

What would you rather deal with?

Unions or less flights?
 
South Africa already has low-cost profitable airlines running domestic services. I think it's actually smart of the administrators to cut those overpriced local flights to save money, oh, and SAA has Mango who runs domestic flights anyway, so why double-up?

South African Airways is “an economic enabler, it enables people to give their cousin a tender, that is very profitable when it comes in over budget and under delivered, that's how we create jobs!
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FTFY
 
"Proper means government hands off"

 
SAA is in the position it is in due to guavamint interference. Now they still want to interfere?
 
bwana said:
SAA has cut al their PE flights and now we have to figure out how to get my dad to JNB for his flight back to the US.
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Well you were stupid to book on SAA. You knew this was coming.
 
phant1m said:
Seriously how is he such a wealthy businessman if this is the intellect he is showing. Come on bro, its simple math.
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He made his billions for free,first started with black mailing MTN for shares in 1993 or else they would revoke the licences when they came to power apparently,then allegedly got lucky with McDonalds shares and other such investments during years of rampant growth,but it all started not on much brain power but more on free MTN shares.

I haven't checked these facts but this is what somebody told me.That's why Zuma and co were so bitter they could only loot directly from public funds now while squirrel and others benefited seemingly above board behind the scenes with big companies when ANC came into power.
 
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