African National Congress Chairperson, Gwede Mantashe says if the South African Airways cannot sustain itself it must be sold to a willing buyer. Earlier this week, the airline announced its decision toin an effort to make it financially sustainable.
SAA was placed under voluntary business rescue in December 2019. It has received more than R20 billion in bailouts over the last three years. Speaking at the party’s 108th anniversary celebrations in Komga in the Eastern Cape, Mantashe said the government could not continue to bailout an entity that was failing to make money.
“We can’t throw a billion at one entity every month – R2 billion rands in December; R3.5 billion fromand still it does not have money. There is something wrong. Let’s deal with the issue that is wrong, and not throw money at the problem because throwing the money at the problem does not improve the quality of service. In any way, I was making a very important point that airlines do not transport working class and the poor. They transport the middle class and high class.
The airline, which is fighting for its survival, has not made any profit since 2011. It has received more than R20 billion in bailouts over the last three years.“So, government, as it is now, will be making representations to the Business Rescue Practitioners in order to balance the necessity for trimming the unprofitable routes with the need to ensure that there is balance for both the airline and the South African Aviation Industry.
Finally. Some sense is spoken.
ANC is failing us. What are we going to own in South Africa? Nothing because they are busy killing our economy.
Why...so the people at the top can get even more money to line their pockets with....AGAIN..!!! Why are South Africans putting up with more of their crap. Let it go under and find another job... bitethehandthatfeedsyou 😥😈
And...who do you think will invest in a failed airline, with too many employees, poor state of equipment, old aircraft, not enough people employed with the right knowledge & experience to run & organise this airline now, even SA government won’t do this....
What are they doing on country leadership those old goats!!!! Amasimba nje!! They should go stay with grandchildren emakhaya!
Gwede GwedeMantashe1 has his hands full, has he done solving the mess in his own department? Has the mining industry stopped killing mine workers? Gwede MUST stay away from SAA issues, far away.
Problem with finish degrees when you too old your reasoning just fade away🚮🚮🚮🚮
Bantfu labamnyama... Iyanihlula le SA, ibuyiseleni ebelungwini maan!
SAA is managed by a group of cowards,when they want money they to everyone but when they are closing down some routes they just take decisions without even consulting the government who misuses the funds of civil servants...kubi
Good idea
Allow SAA to die or be sold to a willing buyer. I wonder who wants to buy SAA with that hardegat staff.
Fully agree with 🐅
ANC want to buy the SAA
bold statement and truth hurts, we will bailout SAA till when as the entity isn't making profit
Sell
Yay - someone with sense
Yes please this must be done as soon as possible
Captured. What is the thing that make other person buy the thing had failed to make a profit for some year and is still depending on bail out. The thing is here we deal with the root problem a SAA the entity can make a profit again. The thing ANC had corrupted it.
Someone should just expropriate SAA without compensation.
This country if full of corruption they selling out from the state coz someone must befitting that was the plan from the beginning and that is what's they want to do withi eskom we are leading by hypocrites in SA all of them are greed
I agree with gwede.SAA is wasting government money .
Wling buyer? He means Richard Bryson or Rupert
Gwede Mantashe and President CR speaking from 2 different angles concerning SAA
Hayini these people are really taking us for fools ..... first this fake president RAMAPHOSISA says they don't agree with SAA closing the some of the routes now untshebe comes with statement... i wonder who's in charge
MYANC the question should be, who is going to benefit from that sale ?, just last week we were told they have learnt from past mistakes and that they will never sell.that they are speaking in one voice.
The same people commenting against this are the same people that supported Zuma and Myeni when they ran a wreckball through SAA.
This is dangerous
😂😂😂😂the idiots will keep on voting ANC especially the old ones
Milk everything that has to do with state entity and sell it, we might be sold as citizens some stage this gov is dangerous
What about Eskom🤔
Louder
Only SARB and Eskom must owned by government.Sell all SOE's and buy out SARB investors.Government must have it's own coal mine
Mantashe is saying the hard truth. SAA is useless to the poor majority. 90% won't board a SAA plane in their lifetime. Only the rich and politicians benefits from SAA , the cadre fly it for free, it's so ridden with corruption. It is just a waste!
Khuluma amasimba we khehla ndini msunu wakho nxa
Mantashe is the perfect example of a fence sitter - waste so much energy with these misinformed utterances
When are we going to vote, I'll give my vote for FFplus coz I won't sleep with empty stomach. They really made this airport, Metrorail actually Spoornet
Am not surprised this was the plan all along.
I can't stop thinking that all this mess we're in could've been easily avoided.
Gwede is captured
Has MYANC changed policy since Nasrec
We all know it can't!!!
I knew this was coming. But i don't think it will happen. The rise of riots in the country is numbered. The country will be made ungovernable by the youth. Watch the space, the fun part organizing them is easy cause they don't have jobs.
He's not thinking straight no SOE must be sold.
Uyanya penguin
GwedeMantashe1 I don't swear to elders you my first one Msunu wakho sell out You implementation of private electricity now Airlines wena o selfish pupert yama buru how will private make it work? Just say ANC failed and ask for help
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