Outa says urgent plan needed to rescue SOEs - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Outa says it rejects a cash injection into SAA without the parastatal undergoing any significant changes.

The Organisation Undoing Tax Abuse says an urgent plan, other than bailouts, is needed to rescue state-owned enterprises. Outa was making a presentation to a joint meeting of Parliament’s committees that deal with finances.issued by South African Airways against insolvency. The decision of Australian travel agency Flight Centre Travel Group’s preferred insurer Santam’s Travel Insurance Consultants, Hollard Travel Insurance and Bryte Insurance in South Africa further clouds the outlook of theOuta Chief Financial Officer Godfrey Gulson says they reject the injection of capital into SAA, South African Express Airways and Denel without these parastatals undergoing significant changes.

“Partial privatisation is a necessary concept which will inject much-needed funding in SOEs so that is a concept that should be explored going forward,” says Gulson.

It's understandable when Gov't bails Eskom due to the essential nature of their service to our people and the investment community BUT for SAA, I struggle to know why billions of Rands should be spent to rescue them yearly.Maybe someone can educate me on why this is happening

When they will finish with their theater and tell us exactly what they want so we can move on 😰? If they want to close the company so much better, if they want to sell the company, so much better as well, if they want to keep the company, well 😌 they know what to do to keep it.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Focus on Soweto electricity issues - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Eskom's debt stands at billions of rand, that's according to Board chairman Jabu Mabuza. The struggling power utility is projected to make a R20 billion loss for the 2020 financial year. In Soweto alone, residents are said to owe Eskom as much as R18 billion with many residents illegally connected. SowetoMustPay I hate that people hide under the fact that they are low earning citizens therefore they are subjected to avoid payment of electricity while with the little they earn can buy alcohol in the name of having fun, that Eskom is in huge debts we shouldn't forget that some are abusing
Source: SABC News Online - 🏆 32. / 51 Read more »

Court dismisses Zuma's appeal - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The application for leave to appeal by former President Jacob Zuma and his co-accused Thales has been dismissed with costs. The order of the court has been handed down by the full bench of judges in the Pietermaritzburg High Court. Please now take your deserved punishment like men and suffer the consequences of your corrupt ways! Thanks for letting us know, next please. He must just go to court and clear his name
Source: SABC News Online - 🏆 32. / 51 Read more »

WATCH: Child Health Priorities Conference - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Child Health Priorities Conference in Potchefstroom, North West brings together academics and other stakeholders to discuss issues relating to the health and welfare of children.
Source: SABC News Online - 🏆 32. / 51 Read more »