Posts tagged with 'SAA'

 

#ParasiticParastatal – SA Express is just another bottomless pit swallowing taxpayers’ money

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It is disturbing to realise that recently another enormous lifeline was quietly given to SA Express while all the attention was on Eskom, the SAA and the SABC. According to the Free Market Foundation, SA Express received a lifeline of R1,24 billion from the government in November last year and was now given government guaranteed financing amounting to R300 million.

It seems that the Free Market Foundation forced SA Express by means of the Promotion of Access to Information Act to disclose its financial statements and managerial account data.

SA Express has become a large hole draining tax money from the fiscus dam and if it continues in this way, it will drain everything until there is nothing left. The ANC will have to realise at some point that the country does not have an inexhaustible source of money and that public enterprises cannot be saved from financial ruin indefinitely.

Like with e-toll, taxpayers will get to a point where they will n
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How is it possible to fly a large aircraft without proper licensing and qualifications – what does it say about SAA?

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Trust in SAA is shot completely after it came to light that they entrusted the lives of thousands to a pilot that does not have the required credentials or license. It is understandable when you do not check the documentation of the guy or gal cleaning the offices or making the tea, but REALY….a Pilot?

A senior SAA pilot, William Chandler was forced to step down when it was discovered that he does not possess the proper licensing to fly big aircraft or large distances. This is something he has been doing for more than 20 years under the employment of South African Airways. SAA says it discovered that William Chandler’s pilot license was forged during an investigation into an incident that was reported on a plane he flew.

SAA spokesperson Tladi Tladi says the pilot has been forced to resign from the airline.

“The pilot concerned has since resigned but SAA has opened a criminal case against him. In addition, the airline will pursue civ
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Suspended NPA boss hired to clean up SAA’s mess – SAA, who has been bankrupt after years of mismanagement and corruption now wants to make a turnaround – Is it to late?

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SAA, bankrupted after years of mismanagement and corruption, has named former prosecutions boss Vusi Pikoli as its chief risk and compliance officer as part of an effort to clean up governance at the airline.

Pikoli is currently an adviser to the state security minister and was suspended as NPA boss by Thabo Mbeki in 2007.

Vusi Pikoli has been appointed by SAA as the head of their risk and compliance department. He is currently the state security adviser to Minister Dipuo Letsatsi-Duba.

Pikoli was suspended by Thabo Mbeki in 2007 due to an insurmountable break in working relationships between him and the Justice Minister.

In 2009, parliament dismissed Pikoli and, according to SAA, the appointment was aimed at strengthening executive management in their work.

Read the original article in Afrikaans on Die Vryburger

This report does not necessarily reflects the opinion of SA-news.

 

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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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