Posts tagged with 'national airline'

 

Pravin Gordhan says cash-strapped SAA may have no money for salaries this month

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Minister of Public Enterprises Pravin Gordhan has warned that, while two unions at SAA are demanding salary increases for members, the airline might not even be able to pay any salaries at the end of the month.

The minister was speaking at a Parliamentary briefing on Wednesday. The meeting was called for feedback on power utility Eskom, but Gordhan – who met with unions on Tuesday – also made some remarks about SA’s cash-strapped national airline.

The minister said the strike was worsening the airline’s financial crisis. “SAA doesn’t have enough cash to possibly even pay salaries at the end of the month,” he said. “Not only will people not get increases but they might not even get their salaries,” he added.

Members of the National Union of Metalworkers of SA and the SA Cabin Crew Association have been on strike since Friday over wages, proposed job cuts and the demand that more workers
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Death bells are ringing for SAA due to impending strike

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The impending strike at SAA by the SA Cabin Staff Association and Numsa could mean the end of the airline. In the meantime, the Pilot Association announced that they supported the idea and that the state entity’s overall top management should be replaced. Furthermore, they threatened to act if a Chief Executive with no experience aviation experience and knowledge are appointed.

The imminent strike comes after SAA announced that a restructuring will take place to make the entity more cost effective. The SAA’s enormous debt burden means that it has no choice but to lay off about 1,000 staff members, but the unions threaten to call a large-scale strike if retrenchments continue.

Persons who will use SAA’s services on Friday 15 November 2019 were advised to make alternative arrangements as all flights for Friday and Saturday were canceled considering the impending strike.

The SAA is technically bankrupt, and if a strike is now call
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SAA pilots willing to strike to ‘save’ national airline – will be a first in its 80-year existence

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SAA pilots said on Thursday they were willing to go on strike, if necessary, unless “critical operational and technical deficiencies” were addressed. The Pilots Association has begun the process of recruiting among its members to determine how they think about the possibility of strikes. SAA has a history that its pilots will not go on strike, and to date they will only consider it as a last possibility. This possible strike will be a first in its 80-year existence.

The investigation and poll started by an independent service provider asked each pilot what they thought about a possible strike and the need to turn around in the struggling airline. Of the 635 SAA pilots, 516 (81%) participated in the survey, and 91% believe that the management team is pathetic. About 96% are in favor of having pressure to improve the shipping company’s conditions.

“It needs to be understood that the decision to embark on industrial action is not one that
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It is reported that Cyril has no solid economic policy, is that why he is just borrowing money from everywhere?

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Ramaphosa’s government doesn’t have an economic policy. All that’s been forthcoming is a stimulus package, plus two summits.

As the entrails of the era under South Africa’s former president Jacob Zuma continue to be exposed each day before a commission set up to investigate corruption, so the country witnesses the consolidation of the political project spearheaded by the new head of state Cyril Ramaphosa.

But a key piece of the puzzle is missing: Ramaphosa’s government doesn’t have an economic policy. All that’s been forthcoming is a stimulus package, plus two summits – one on jobs, the other on investment. Do these add up to an economic policy?

The answer is no. Here’s why.

I agree with South African economist Duma Gqubule that the stimulus package is a mix of short-term stimulus measures and longer-term structural transformation measures, without doing justice to either. The short-term measures don’t include the usua
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