Posts tagged with 'South African Airways'

 

Warning! SAA Strike will intensify – Talks between National carrier and striking unions collapse

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JOHANNESBURG – Talks between South African Airways (SAA) management and striking workers have collapsed.

Union leaders briefed the media and workers after the parties met on Saturday in an attempt to resolve the strike which began on Friday.

Workers are demanding an 8%wage increase while SAA is offering 5.9%.

According to the National Union for Metalworkers of South Africa’s (Numsa) Phakamile Hlubi-Majola, unions and the national carrier have failed to find each other.

Numsa and the South African Cabin Crew Association (Sacca) have warned they will intensify the strike across all SAA departments.

“If you have workers at the Civil Aviation Authority on strike, it means that none of the planes are going to fly. It’s not just SAA, its all planes”, said Hlubi-Majola.

The struggling state owned airline says its working around the clock to introduce additional capacity on the domestic network.

NUMSA T
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Desperate times calls for desperate measures, but is this the right thing to do? After all financial losses occurred due to incompetence, negligence and corruption – SAA is borrowing R3.5bn from local banks

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South African Airways (SAA) received a R3.5bn loan to keep it going until the end of March.

This forms part of the R21,7 billion SA management believes is needs to make its turnaround strategy succeed.

SAA spokesperson Tlali Tlali confirmed the R3,5bn was received from local banks.

This comes after National Treasury gave R5bn to SAA in October last year to repay debt.

According to Tlali, SAA will not be profitable before 2021, but plans are on track to save the state-run airline from its money pen.

SA’s acting chief financial officer Deon Fredericks said in November that the airline needed the R3.5bn by March. According to Fredericks, SAA will suffer a R5.2bn loss in the current financial year to end-March, and a loss of R1.9bn in 2019-2020. However, SAA management has already warned the rise in oil prices could hamper its expected timetable for a return to profitability.

According to Tlali, SAA’s route between J
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Boycott South African Airways – Here’s why!

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Boycott SAA because it wastes R5 billion annually. That could fund 120 000 university students, 50 000 RDP houses, 10 (300-bed) hospitals, 300 schools, or 30 000 police.

It is your patriotic duty to do so.

If you are unpatriotic, it is your ethical duty.

If you are unethical, it is your familial duty.

If you have no family, it is your selfish duty.

If you are a selfless hermit, fly SAA.

It can liberate enough wealth to save 1 000 babies through improved paediatric care and prevent thousands of rapes and murders through improved policing.

This is the social cost inflicted when government diverts spending from worthy causes to flights of folly.

Boycott SAA because the multi-year numbers are worse.

Past plus proposed subsidies and guarantees (R46 billion plus R21 billion) could fund 670 000 houses, 4 500 schools, 1 500 000 student years, or 20 000km of roads.

Boycott SAA because putting your bum on t
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