There's no explanation for spending billions of rand to keep the airline on life support
There is one question I cannot get a satisfactory answer to on SAA: Why?
Why is this airline so important that we have not only splurged billions of rand to keep it on life support, but also consumed countless hours of senior public servants and politicians in an effort to try save it? The government has committed to “mobilising” R10.3bn to finance the rescue of the airline, but this is becoming a farce as there is no money or viable plan to raise it. The business rescue is now effectively in limbo while it plays out with involuntary liquidation looming.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
STUART THEOBALD: Why keep up the SAA charade?There's no explanation for spending billions of rand to keep the airline on life support
Read more »
STUART THEOBALD: Why keep up the SAA charade?There's no explanation for spending billions of rand to keep the airline on life support
Read more »
MICHEL PIREU: The ins and outs of your indecisionThere are at least five reasons why you’re finding it hard to commit
Read more »
'A devastating end of an era' - Tributes pour in for radio legend Bob Mabena'Bob Mabena is the reason why most of us got into entertainment. Love you always big bro,' DJ Sbu said.
Read more »
Lesego Tlhabi's silly Coconut Kelz is a satirical success because 'laughing is better than crying' | ChannelFrom her crusade to 'keep the blacks out of the suburbs', to her guide to 'getting closer to Caucasity', Coconut Kelz's quips have undoubtedly been lost on some.
Read more »
Reserve Bank’s bond purchasing ‘needs to stay open’ amid uncertaintyIt's prudent to keep the policy option open in case of a major risk event and loss of liquidity, say analysts
Read more »