• Contact
  • Privacy Policy
Blacksonrise.com
DONATE
  • Consultation EST
  • Herbal Internal Wash
  • Group Training
  • Videos
  • Spiritual Detox
  • Ecourses
  • Client Area
    • Course Login
    • Video Login
    • LogOut
No Result
View All Result
  • Consultation EST
  • Herbal Internal Wash
  • Group Training
  • Videos
  • Spiritual Detox
  • Ecourses
  • Client Area
    • Course Login
    • Video Login
    • LogOut
No Result
View All Result
Blacksonrise.com
No Result
View All Result

SAA flights operating normally, despite bailout delays – SABC News

blacksonrise by blacksonrise
January 20, 2020
in Uncategorized
0
SAA flights operating normally, despite bailout delays – SABC News
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

South African Airways (SAA) says its flights to all destinations are operating normally, after talks on a bailout plan for the state carrier ended without a solution at the weekend.

Government officials are scrambling to work out how they can provide R2 billion of funds it has promised SAA when the airline was placed under voluntary business rescue last month.

The airline’s business rescue practitioners held talks with government at the weekend to try to find a solution to SAA’s funding gap.

Last week, unions said SAA might suspend some flights and delay salary payments if government didn’t come up with a plan to provide the money soon.

Meanwhile on Sunday, the Public Enterprises Department said it was talking to the National Treasury to raise funds for SAA.

The airline is one of several South African state entities, including power company Eskom, that is mired in a financial crisis after nearly a decade of mismanagement.

State companies’ financial problems are seen as the single greatest threat to South Africa’s economy and have been largely responsible for pushing the country’s credit rating down to the brink of junk status.

Advertisements

Credit: Source link

Previous Post

Africa: Freeing Africa From Malaria

Next Post

Pain for PNM results, ballot counting resumes 2pm

Next Post
Pain for PNM results, ballot counting resumes 2pm

Pain for PNM results, ballot counting resumes 2pm

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

HOT Updates

No Content Available

BlackSonRise.com is an online news portal which aims to provide Caribbean News, African News, Business and much more stuff like that. Feel free to get in touch with us!

Follow us on social media:

Recent News

  • Eyewitness: Christmas Eve… | INews Guyana
  • UK stocks edge higher in muted holiday trading – SABC News
  • History repeats for NYCFC against Costa Rican debutant

Subscribe NOW

Loading
  • Contact
  • Privacy Policy

© 2019 Blacksonrise.com is an online news, e-learning, and business website that caters to the global black community.

No Result
View All Result
  • Consultation EST
  • Herbal Internal Wash
  • Group Training
  • Videos
  • Spiritual Detox
  • Ecourses
  • Client Area
    • Course Login
    • Video Login
    • LogOut

© 2019 Blacksonrise.com is an online news, e-learning, and business website that caters to the global black community.

USD $
  • USD USD $
  • EUR EUR €
  • GBP GBP £