SAA in final negotiations with investor

[Bradley Prior]

SAA in final negotiations with investor

South Africa is in the final stage of negotiations with a potential investor for its grounded flag carrier, a move that would give the airline a boost just as it emerges from bankruptcy protection. [Bloomberg]

 

[Gordon_R]

Any potential investor should have deeeeeep pockets and endless patience:

Business Maverick: SAA’s 17-month-long business rescue process ends, with the troubled airline now ‘solvent and liquid’

SAA, which last turned a profit in 2011, is expected to have a negative cash-flow position of R59.7bn over the next five years. Negotiations are being concluded to bring in a strategic equity partner to inject funds and expertise into the airline.

www.dailymaverick.co.za

 

[D tj]

Investing in a tax write off.....due to financial loss.
Interesting part: will this fly with SARS.

 

[Napalm2880]

This would be a worse investment than an NFT

 

[swim]

Just bring in the Cubans as a partner they will fix it.

 

[Johnatan56]

Investing in a tax write off.....due to financial loss.
Interesting part: will this fly with SARS.

I'm betting on the person who would buy it would be doing it and getting a lot of underhanded deals to make it worth their while.

ANC can't afford to close SAA due to reputation (as they said multiple times that it's a vital service and bailed it out), plus all loans due once they do so, and then with selling it they need to figure out how to keep the nepotism going.

 

[Blue Shirt]

The fat pharmacist Jamnadas should stop dreaming of his communist utopia and trying to make a point about keeping SAA afloat with taxpayer money.

No sane investor will risk his money on a flawed business plan and a demonstrably failed airline in today's market and with a partner like DPE, unless they pay him to "invest".

I have lost all respect that I might have had previously for Gordhan.

 

[ConfusedR]

Just rename SAA for better service delivery.

 

[Yskasmetnstoof]

And it is!!!!!! .... wait.... why does he look like Pravin?

 

[j4ck455]

SAA is now “solvent and liquid,” business-rescue practitioners led by Siviwe Dongwana said while handing over the airline to the board earlier Friday.

SAA can be summed up as a tin can filled with a liquid that is a solvent, yet again ready to strip tax payers bare:

​

 

[dunkyd]

I'm betting on the person who would buy it would be doing it and getting a lot of underhanded deals to make it worth their while.

ANC can't afford to close SAA due to reputation (as they said multiple times that it's a vital service and bailed it out), plus all loans due once they do so, and then with selling it they need to figure out how to keep the nepotism going.

Not to mention free flights for all !

 

[jambai]

Not to mention free flights for all !

I mean is it safe to fly saa . Fat useless politicians can risk their lives ...not me

 

[KantSnyer]

I mean is it safe to fly saa . Fat useless politicians can risk their lives ...not me

SAAT retrenching half their staff, what could go wrong?

 

[Ivan Leon]

 

[Happy Days]

"Solvent" BUT "is expected to have a negative cash-flow position of R59.7bn over the next five years." Strange definition of solvent. More importantly, how will the negative cash-flow be funded???

 

[Fuzzbox]

no they're not.

 

[GrootVoet]

A SAA investor is like a unicorn or a virgin in a whorehouse, it does not exist.

Only small children and ANC politicians believes in it.

 

[Gaz{M}]

I'll bet it is another SOE or pension fund that is being forced to "invest".

 

[ToxicBunny]

These same final negotiations that have been going on for months now?

 

[j4ck455]

I'll bet it is another SOE or pension fund that is being forced to "invest".

Or Gupta Bros LLC, investing a grand total of zero and an endless supply of more zeroes after that.