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Government says still trying to source SAA funding

Assessing proposals from several potential strategic equity partners.
Image: Waldo Swiegers, Bloomberg

The South African government is continuing with efforts to locate funding sources for struggling South African Airways and is assessing proposals from several potential strategic equity partners, the Department of Public Enterprises said on Thursday.

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So the so-called investors turned out to be another Saxonwold Shebeen, eh? Not able to find R10bn for SAA, and unable to pay UIF TERS claims either. Is it just me, or has the money completely run out?

Another lost cause which the ANC will not let go of because of their hubristic arrogance. Oh yes! And because they haven’t been offered the right bribes yet.

Every time I think “this is it, SAA is going to find its rest eternal”, the defibrillator gets brought out and the pain gets prolonged

Perhaps these ‘strategic’ partners have decided that investing in SAA is strategically not such a good investment?

Channel funding away from SASSA grants. Cut the grants. It sure will help some way to fund SAA…

The poor majority needs to understand they’re making a sacrifice in favour of the connected elite (they voted in) who need to continue to fill their pockets beyond obscene wealth.

Why cannot the poor understand this?

End of comments.

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