DBSA comes to the rescue of SAA

Government has spent about R16.5-billion in bailouts to keep saving SAA in the air over the past decade.SAA's sister airline, SA Express is also facing trouble.

YET AGAIN I SAY NOT WITH PENSION FUND MONEY!!!

Sell it, privatise it, you will save more jobs! Where are the funds coming from?

So the DBSA not investing in development

Who authorized that?...Tito or cyril?

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How Tito Mboweni lost battle to liquidate SAA and start new airlineFinance Minister Tito Mboweni and his team’s proposals to liquidate SAA and start a new airline were defeated at the ANC NEC meeting last weekend. Instead, the meetings agreed on a restructuring process – which could cost up to R10 billion Good thing Mboweni will be saying I told you so and I bet you he will write a book, once he retires But he was not even there how possible that he can propose that while he was not there When ideology trumps reason and common sense...
Source: City_Press - 🏆 7. / 72 Read more »

SAA gets emergency funding from development bankCash-strapped state carrier South African Airways (SAA) will receive R3.5bn of emergency funding from the Development Bank of Southern Africa, the airline's business rescue practitioners said on Tuesday. They should just buy SAA. We thank the Lord If all we can get funders easily as SAA🤔
Source: SowetanLIVE - 🏆 13. / 63 Read more »

SAA gets emergency funding from development bankCash-strapped state carrier South African Airways (SAA) will receive R3.5bn of emergency funding from the Development Bank of Southern Africa, the airline's business rescue practitioners said on Tuesday. They should just buy SAA. We thank the Lord If all we can get funders easily as SAA🤔
Source: SowetanLIVE - 🏆 13. / 63 Read more »