SAA business rescue plan in deep trouble

The_Librarian

Another MyBB
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26,952
The time has come,' the Walrus said,
To talk of many things:
Of shoes — and ships — and sealing-wax —
Of cabbages — and kings —
And why the sea is boiling hot —
And whether pigsSAA have wings.'
 

TysonRoux

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Aug 7, 2012
Messages
8,983


Government said that four unions and staff representatives had approached the Public Enterprises Department indicating that they were ready to sign the voluntary severance packages offered to employees of South African Airways (SAA).

In a statement, government said that the National Transport Movement, South African Transport and Allied Workers Union, the Aviation Union of Southern Africa and Solidarity had stepped forward to take up the deal.

This comes ahead of a vote on a business rescue plan for a restructured SAA scheduled for 14 July following several delays.
 

NarrowBandFtw

Honorary Master
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Feb 1, 2008
Messages
18,364
When the unions are ready to throw the towel, then you know it's over.
Indeed, or rather when the unions are ready to throw in the towel, you know it has been over for years and they've beaten the last molecules of the dead horse into dust at long last.
 

BBSA

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Jul 11, 2005
Messages
14,533
is Sentech still a thing?
SENTECH, a state-owned company, is a leading provider of electronic communications network services to the country’s broadcasting and communications industry. We provide broadcast transmission services to all SABC radio and television stations, commercial radio and TV stations, and over 150 Community radio stations country-wide on a daily basis. We also provide connectivity and infrastructure services to the retail, telecommunications and the public sector.

 

eg2505

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Mar 12, 2008
Messages
18,189
was there even a plan? or was it all just speculation and stories?

hard to tell what the ANC is planning of and trying to achieve.
 

The_Librarian

Another MyBB
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One thing's for sure. I'm glad I'm not in any hot seats.

COVID-19's a blessing in disguise, if it can cause SAA (and other parasites to die) then it's all for a good cause.

Unfortunately that won't stop them from starting up other parasites.
 

Mila

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Nov 11, 2008
Messages
52,901
SENTECH, a state-owned company, is a leading provider of electronic communications network services to the country’s broadcasting and communications industry. We provide broadcast transmission services to all SABC radio and television stations, commercial radio and TV stations, and over 150 Community radio stations country-wide on a daily basis. We also provide connectivity and infrastructure services to the retail, telecommunications and the public sector.

Oh see all i read there was: We are a cover for looting and great parties.
 
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