SAA looking for R16 billion to keep flying

[BusinessTech]

SAA looking for R16 billion to keep flying

South African Airways is looking for R16 billion from financiers, which it needs to meet its funding and working requirements, and to help with its mounting debt.

 

[Typhon]

Wow. Billion with a 'B'

 

[ISP cash cow]

i can't seem to access the article

can anyone else?

 

[Drifter]

Warrafoq????

 

[Albert Broco]

I really do hope and prey, for the sake of the SAA and South Africa as a whole, that the SAA do not get any funding. This organization must fall.

 

[skeptic_SA]

View attachment 385027

Drawdown within 2 weeks of receiving the funding... Desperate times at SAA.

 

[Idiosyncratic]

I'd agree to this on the condition that Nico Bezuidenhout takes the helm. I'm sure we'd see a recovery in that case. SAA can make a profit, it's just being mismanaged.

As long as Dudu is there she'll be moving the "bailout" funds into her bank account.

 

[ToxicBunny]

No financial institute will touch SAA until they have published financials, and that isn't going to happen until Pravin is happy and provides the guarantee...

 

[xtm]

just shut down SAA and save big time. don't even need the air line internationally.

 

[ISP cash cow]

I'd agree to this on the condition that Nico Bezuidenhout takes the helm. I'm sure we'd see a recovery in that case. SAA can make a profit, it's just being mismanaged.

As long as Dudu is there she'll be moving the "bailout" funds into her bank account.

I think this is the whole issue Pravin, Has earmarked the 5 Billion to start with but it seems he is holding onto it until a new board is appointed (who he knows will use the funds correctly). Zuma doesn't seem content on getting someone to replace Dudu from the CEO spot.

I wouldn't be suprised to hear that the whole Pravin / Hawks saga thing is a scheme trying to blackmail/strongarm Pravin into a decision to give the funds over to SAA without a board adjustment

 

[rrh]

Given that the aircraft air mainly (?) leased: is SAA worth R16 billion to a lender ?

 

[The_Librarian]

The wheel turns slowly, but it turns...

 

[The_Librarian]

I think this is the whole issue Pravin, Has earmarked the 5 Billion to start with but it seems he is holding onto it until a new board is appointed (who he knows will use the funds correctly). Zuma doesn't seem content on getting someone to replace Dudu from the CEO spot.

I wouldn't be suprised to hear that the whole Pravin / Hawks saga thing is a scheme trying to blackmail/strongarm Pravin into a decision to give the funds over to SAA without a board adjustment

I think we as a nation should forget skin color for a while, stand with Pravin and show him that we all support him.

 

[Ockie]

I'd agree to this on the condition that Nico Bezuidenhout takes the helm. I'm sure we'd see a recovery in that case. SAA can make a profit, it's just being mismanaged.

As long as Dudu is there she'll be moving the "bailout" funds into her bank account.

He is now CEO of Fastjet Tanzania.

 

[ISP cash cow]

I think we as a nation should forget skin color for a while, stand with Pravin and show him that we all support him.

agreed.

I am glad that he (as part of the ruling party) is starting to stand up against the corrupt elite. It actually bodes well that there are people within the ANC that do care and hopefully once they all stand up to the corruption and inept spending the ANC can become a party that people will be willing to vote for.

 

[Albert Broco]

I think we as a nation should forget skin color for a while, stand with Pravin and show him that we all support him.

Nothing about race here, I think. I think the majority of South Africans, black and white are indeed supporting Pravin, but, that being said, what use is it having millions of supporters when you have a government who could not care two flying fu**ks about what the population thinks or says. They just continue to do whatever they want.

 

[rrh]

Nothing about race here, I think. I think the majority of South Africans, black and white are indeed supporting Pravin, but, that being said, what use is it having millions of supporters when you have a government who could not care two flying fu**ks about what the population thinks or says. They just continue to do whatever they want.

+10

 

[The_Librarian]

Modern SA heroes :

Nene
Madonsela
Pravin
(amongst others)

 

[Albert Broco]

Modern SA heroes :

Nene
Madonsela
Pravin
(amongst others)

Maybe you should mention more names Librarian, your list seems awfully short... wish I could have contributed a name there.

 

[The_Librarian]

Maybe you should mention more names Librarian, your list seems awfully short... wish I could have contributed a name there.

see the (amongst others)...