DISCUSSION - SAA with Deputy Finance Minister Buthelezi - Part 1
- Publisher:
- SABC
- Publication Date:
- 24 August 2017
- Tags:
- South Africa, Company News, Economy, Business and Finance, Governance, Transport and Shipping
On Wednesday the South African Airways briefed Parliament on measures it is taking to curb irregular, fruitless and wasteful expenditure at the airline. The SAA has projected losses in excess of R800-million for the 2017-2018 financial year. The continuous losses incurred by SAA have caused it to depend heavily on borrowing to fund its operational costs. In March the state-run airline asked the Treasury for a R10 billion bail-out.
South African Airways Elects Chair as Liquidation Looms
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- Dudu Myeni's Rumoured Re-Appointment a Massive Political Defeat for Pravin Gordhan
- SAA - in a Big Tactical Win, Treasury Submits New Board Nominees
- SAA's R16 Billion Loan Appeal More Proof for Business Rescue - DA
- SAA Rejects Allegations of Business Rescue, Liquidation
- SAA - Finance Committee Meeting Must Be Moved to 31 August to Avoid Liquidation
- Why Nation Must Let South African Airways Go
Tax Hikes, Sale of State Assets 'Inevitable' for South Africa
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- No More Mr Nice Guy - Gigaba Gets Tough On State-Owned Entities
- Mini Budget Claims Progress With Confidence Boosting Measures
- Unprofitable SOEs Have Become a 'Substantial' Risk On Fiscus
- Weak Growth Drags Down Transformation Efforts
- Recovery Plan for Distressed Municipalities
- Finance Minister Evasive On Tax Increases, but Expect It to Happen
- Finance Minister Vows to Spend On Poor, Despite Fiscal Pressures
- VIDEO: Unpacking the 2017 Midterm Budget
- Govt Considers Sale of State-Owned Assets to Assist National Carrier, Post Office
- Tough Times Ahead Amid Lower Economic Growth
- Govt Could Dispose of Telkom Shares to Avoid Expenditure Breach
- State-Owned Companies Critical for Transformation - Finance Minister
- Free Higher Education for Some Students Will Lead to R61 Billion Funding Shortfall
- Students March to Parliament, but Arrive Too Late for Mini Budget
- Labour Federation Slams Medium Term Budget Policy Statement
South African State-Owned Enterprises Facing Funding Crisis?
- Finance Minister On State-Owned Enterprises Bail Out Reports
- Finance Ministry Dismisses 'Malicious' Pic Reports
- National Carrier Bailout with Pension Funds Unethical - Opposition
- Finance Minister, National Carrier Breach Companies Act
- National Carrier Chief's Contract is Legal - Finance Minister
- Gigaba Has No Choice but to Fire Myeni
- South Africa Needs to Sober Up to Save Itself From Sickly State-Owned Enterprises
