SAA workers struggling without salaries

JohnStarr said:
1. So pay BRPs
2. ...ignore paying your own employees

Seems just fine then! I guess the argument does work when you throw your employees to the wolves.
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The BRPs are being paid for work done. Employees have not done any work in the period. Look, I think those employees deserve moneys owed as they were never told they'd not receive those salaries. But also BRPs were paid R200m (which is obscene yes) and employees are owed R600m so even if they stopped paying the BRPs, who would have stopped working, they'd still be R400m short.
 
R13... said:
Argument works.
Maybe Air Nam has deep reserves or their government is happy to use public funds to keep paying salaries.

In the case of SAA the company has no reserves, they are in deficit. The government can't afford to stump up the money anymore as they have to come up with money to fund severance packages and pay off debt.
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Well.... if we did not steal that much we maybe would have had some money left to pay for the salaries. But thanking every low life scum that stole during epidemic(just thinking of the sanitizer scandal for the education) we have zero moola left to help out.

I have this funny feeling Tito have no other outcome than raising personal tax to fund their lifestyles going forward.

Every year we hear that the ministers must spend less but they just up the target every year and the tax payer must fund it for them.
 
Denel is next on the chopping block they have not received full pay either for how long.

The government must own up and admit for the first time they have failed miserably at almost every SOE.
 
In years to come we will hear how COVID destroyed SAA ...
Another COVID death as it were.
Convenient timing for the ANC to put this dog down, once and for all.
 
JohnStarr said:
Air Namibia has been grounded since last year and staff were getting paid. That argument doesn't work.
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Didn't workout too well for them either it seems

Namibia's cash-strapped carrier stops flights

WINDHOEK – Air Namibia, the southern African nation's cash-strapped flagship carrier, suspended all operations from Thursday after a government decision to file for voluntary liquidation. The airline has failed to turn around its fortunes despite years of state bailouts. "All flight operations...
mybroadband.co.za mybroadband.co.za
 
R13... said:
Didn't workout too well for them either it seems

Namibia's cash-strapped carrier stops flights

WINDHOEK – Air Namibia, the southern African nation's cash-strapped flagship carrier, suspended all operations from Thursday after a government decision to file for voluntary liquidation. The airline has failed to turn around its fortunes despite years of state bailouts. "All flight operations...
mybroadband.co.za mybroadband.co.za
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...but I said they were grounded and still paid. This is all known though, right?
 
R13... said:
The BRPs are being paid for work done. Employees have not done any work in the period. Look, I think those employees deserve moneys owed as they were never told they'd not receive those salaries. But also BRPs were paid R200m (which is obscene yes) and employees are owed R600m so even if they stopped paying the BRPs, who would have stopped working, they'd still be R400m short.
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Employees, for the most part, would want to work. They have financial commitments that don't stop. And banks, medical aids, car dealerships will only wait so long for their money. This wasn't out of the employees choice like in the case of a strike.
This is due to this useless government appointing a so-called CA (who signed Terms and Conditions on a contract, NOT the contract...how she became a CA is anyone's guess) as a Chief Technical Officer and a pre-primary school teacher as its CEO. So many inept people ran it into the ground, and now the employees pay the price.
 
feel sad for the workers, they didn't waste the companies money on overseas trips and 5 star hotels.

they did their job, come hell or high water.
 
rustypup said:
Disagree.

They happily assisted the union in milking the company, (and taxpayers), to death.

Not SABC levels of milking but still some impressively over-paid staffing at SAA.
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fair enough,

but I see it, as what were they supposed to ask the Unions to do?
pay them less?

their management screwed everybody, them, the unions, the Tax payer, the ANC.
problem is they couldn't be held accountable,

unfortunately now its too late for everybody.
Fossilized horse still being dragged around, might as well call it ANC Airlines, or something.
 
dualmeister said:
Stop beating that dead horse and move on.
It failed!! End. Over. Finished.
Move on.
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One day we will restore the Titanic to her former glory.

Here's the thing. If they'd cut their losses, they would have still been able to do a deal with those assets. Now, since CovID, they're sitting with something nobody wants and even more debt. Way to go.

All we need now is one of the creditors to sue SAA and the govt for a bad faith negotiations, demand their money.
 
eg2505 said:
fair enough,

but I see it, as what were they supposed to ask the Unions to do?
pay them less?

their management screwed everybody, them, the unions, the Tax payer, the ANC.
problem is they couldn't be held accountable,

unfortunately now its too late for everybody.
Fossilized horse still being dragged around, might as well call it ANC Airlines, or something.
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Like public service unions, their unions knew that the management were running the company into the ground given the endless bailouts but were happy to ride it out as long as their salary demands were always met. They should have had the foresight to see that the situation isn't sustainable. Public service employees will only see their chicken coming home a bit later. But is it definitely on the way.
 
eg2505 said:
fair enough,

but I see it, as what were they supposed to ask the Unions to do?
pay them less?

their management screwed everybody, them, the unions, the Tax payer, the ANC.
problem is they couldn't be held accountable,

unfortunately now its too late for everybody.
Fossilized horse still being dragged around, might as well call it ANC Airlines, or something.
Click to expand...
I think the unions can be held accountable to some degree.
Every year the demand outrages salary increases that the private sector just dreams about and every year the go on weeks of striking until the SOE budges and gives in.

We need to get rid of the unions to start with, its just funny that most strikes is related to either an SOE or service delivery from the government, yet they have this tri party alliance :)
 
Acid0 said:
I think the unions can be held accountable to some degree.
Every year the demand outrages salary increases that the private sector just dreams about and every year the go on weeks of striking until the SOE budges and gives in.

We need to get rid of the unions to start with, its just funny that most strikes is related to either an SOE or service delivery from the government, yet they have this tri party alliance :)
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difficult situation then, as what do the unions do, take care of the workers,
by asking on their behalf for pay increases.

problem is the unions asked to too much and sunk the airline in the process.
so yes, maybe the unions will be taken to task for this,

although the management will still be held ultimately accountable
 
Wait, what?

I read the linked article, and found the following in there :

Gordhan also added that Eskom’s significant debt figure of R464 billion would become a “thing of the past” in the next three to five years.


Eskom is regarded as the Department of Public Enterprises’ biggest liability due to its dire financial situation and the regular load-shedding implemented as a result of its unreliable national power grid.


President Cyril Ramaphosa has highlighted the importance of returning Eskom to profitability and combatting the regular load-shedding that plagues the country.
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What plans do they have in the pipeline to ensure the R464billion debt get wiped out?

And do we really want to know?
 
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