pinball wizard
Honorary Master
- Joined
- Feb 9, 2010
- Messages
- 34,359
He's too busy dreaming up insulting thing to say about BMW.@eg2505, care to comment?
He's too busy dreaming up insulting thing to say about BMW.@eg2505, care to comment?
Please stop paying tax then.Vote with your wallets. SAA is just going to fall further.
This day is and/or was long in coming, and perhaps it's time to let the SAA go. The AN-Fcucking-C [AN-F-C]
will never have and have never had the abilities, both physically and mentally, to run and/or manage things and I think after 27 years of trying the Jury is back and this was their findings:
'Your honour, these are our findings:'
1. That it took the AN-F-C 27 years to run everything into the ground, which includes things like Eksdom but not limited to it;
2. That they are Excellent at stealing things, embezzling things, in fact they must be one of the best if not THE best in that field in the world,
3. Finally, no amount of jail time is going to be recompense for what they have done as they are already in their own jail which they have constructed over this 27-year period AND have done an excellent job at that.
4. One last comment in closing your Honour, we will leave you with this: 'We have seen shti, and we have seen rain, this ain't no fcucking rain. That concludes our findings
They knew they had to or accept a loan from the IMF.The problem here started when the ANC, especially Cyril and Jamdas, manipulated the business rescue process. There was a lot of corruption from government in this process. SAA could never have survived any business rescue action. It needed to be liquidated and closed down. But, government knew what the consequences would be in terms of debt and collapse of the economy and all other SOEs. So, understandable, there was no other choice but to interfere in this process and ensure the airline would never be liquidated.
The next corruption in this process is the deal with Takaso. This 'equity partner' will not be investing a single cent of its own money into the SAA. They will only be investing the new profits made by the SAA if it ever takes off again. No honest or sane business would ever have involved itself with the SAA or its business operations in the condition it is in.
The only option the SA Government has left now, and they placed themselves in this position, is to cut the huge expense on grant payments and start repaying its debt. If not, the cross-default clause on their debt agreements may soon be happening again and they will face a total collapse of the economy in any event.
even then they won't realise.So do we need a plane to fall out of the sky to realize it was a bad idea to let SAA continue to operate?
Good point that, very good...Objection on point 2. They keep getting caught. Can't be the best if you're caught everytime.
They knew they had to or accept a loan from the IMF.