SAA plans to fire up to 20% of staff

[TysonRoux]

General workers at ORTIA hoping SAA strike leads to permanent employment

One man, who worked as a porter, said that all he wanted was a stable job.

ewn.co.za

 

[TysonRoux]

Keep the momentum going!!!

As SAA loses R52m a day, workers to resume striking on Saturday

They've dispersed for Friday after camping out since the early hours of the morning; SAA has cancelled most of its operations until Monday.

ewn.co.za

 

[ToxicBunny]

General workers at ORTIA hoping SAA strike leads to permanent employment

One man, who worked as a porter, said that all he wanted was a stable job.

ewn.co.za

Are these porters actually employed by SAA at all, or are they just working off tips from travellers?

 

[TysonRoux]

Business Maverick Analysis: Since 1994 the government has given SAA more than R57,000,000,000 in bailouts. Now is the time to stop this madness

It is the government’s duty to stare down Numsa at South African Airways if it stands any chance of tackling the massively costly inefficiency that is Eskom. Cyril Ramaphosa and Pravin Gordhan must reassert their authority to govern, and win back the right to make decisions in the best interests...

www.dailymaverick.co.za

Since 1994 the government has given SAA more than R57,000,000,000 in bailouts. Now is the time to stop this madness

 

[TysonRoux]

SAA strike is a lose-lose situation - The Mail & Guardian

The industrial action will cost the airline R52m a day. But the unions are angry about more than money

mg.co.za

 

[MachoPants]

Just die already

 

[Paul_S]

In the past government has indicated that they cannot liquidate SAA because of all the liabilities it would immediately incur (bonds immediately mature, guarantees for debt, lease agreements terminated, etc.).
Some estimate it could be up to R40 billion.

However government are quite happy to throw R69 billion per year in Eskom's direction so I see no valid reason why the fiscus can't take a once off hit to get rid of the problem permanently.
A little bit of pain now and a lot less later.
Shut it down!

 

[krycor]

In the past government has indicated that they cannot liquidate SAA because of all the liabilities it would immediately incur (bonds immediately mature, guarantees for debt, lease agreements terminated, etc.).
Some estimate it could be up to R40 billion.

However government are quite happy to throw R69 billion per year in Eskom's direction so I see no valid reason why the fiscus can't take a once off hit to get rid of the problem permanently.
A little bit of pain now and a lot less later.
Shut it down!

Yah but then it’s R450+B and an actual concern vs distribution of power which has impact on lives of SA citizens. Even if everything works out.. I don’t see them ever selling off distribution & transmission parts of business as it puts development agenda at risk.

Generation on the other hand.. that’s just theft which is why they should privatize it.

 

[Paul_S]

Yah but then it’s R450+B and an actual concern vs distribution of power which has impact on lives of SA citizens. Even if everything works out.. I don’t see them ever selling off distribution & transmission parts of business as it puts development agenda at risk.

Generation on the other hand.. that’s just theft which is why they should privatize it.

Ummm ... liquidate SAA - not Eskom.

 

[JayM]

In the past government has indicated that they cannot liquidate SAA because of all the liabilities it would immediately incur (bonds immediately mature, guarantees for debt, lease agreements terminated, etc.).
Some estimate it could be up to R40 billion.

However government are quite happy to throw R69 billion per year in Eskom's direction so I see no valid reason why the fiscus can't take a once off hit to get rid of the problem permanently.
A little bit of pain now and a lot less later.
Shut it down!

Fortunately only around R9bn is guaranteed by the government. The rest can be settled at a couple of cents to the rand via liquidation.