Tag Archives: SAA

State of the Nation Address 2019

STATE OF THE NATION ADDRESS BY PRESIDENT CYRIL RAMAPHOSA PARLIAMENT, CAPE TOWN 20 JUNE 2019 Speaker of the National Assembly, Ms Thandi Modise, Chairperson of the National Council of Provinces, Mr Amos Masondo, Deputy President David Mabuza, Chief Justice Mogoeng Mogoeng and esteemed members of the judiciary, Former President, Mr Kgalema Motlanthe, Former President, Mr Thabo Mbeki, Former Speaker of […]

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Why an Additional 10 Billion Rand Subsidy to SAA is a Bad Idea?

  The South African Airways has asked the South African government for additional 10 billion rand subsidy, saying that the state-owned company needs to recapitalise and to be on a profit-making path according to a presentation to Parliament by the finance minister Malusi Gigaba.   This request forms part of a one-year corporate plan submitted by SAA to the national […]

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SAA, Thou Shall Not Live by Money Alone!

  By Vivian Atud Johannesburg–Sunburst Africa–It was announced last week that the National Treasury has backed the National carrier South African Airways (SAA) with a 6.5 billion guarantee. According to SAA it needed a new government guarantee urgently so it could convince its auditors it was a going concern, enabling it to finalise its financial statements for the past year. […]

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