This is an airline fighting for its life… Passenger for passenger, SAA is - by any measure around the world – overstaffed…— Bruce Whitfield, The Money Show
Follow Christopher Griner on Flickr.
South African Airways (SAA) has cancelled all flights scheduled for Friday and Saturday.
Numsa and the SA Cabin Crew Association will start striking on Friday to protest their unhappiness about SAA’s restructuring plans to keep it going.
The cash strapped airline has cost longsuffering taxpayers R28 billion in 13 years.
The strike will see the airline burn through R52 million per day.
SAA is right. A small thing can push it over the edge. It’s on its knees, cap in hand, looking for R2 billion this month… Tito Mboweni has been hinting darkly that he wants to get rid of it. The unions are making a mistake here…— Guy Leitch, Managing Editor - SA Flyer Magazine
This is the 10th loss. Maybe it’s time to draw a line in the sand. The unions are on shaky ground… Perhaps this is the opportunity Government sought to rid itself of this burden.— Guy Leitch, Managing Editor - SA Flyer Magazine
This could well be the end of SAA… it is surviving purely on goodwill, burning through R2 billion a year… the Ministers are looking for an excuse to move against these SOEs which have cost them so much for so long. The unions should be very careful here… they could find themselves completely without jobs.— Guy Leitch, Managing Editor - SA Flyer Magazine
The whole airline is such a snake pit; I think entrenched interests have their knives out for the board…— Guy Leitch, Managing Editor - SA Flyer Magazine
Listen to the interview in the audio below.
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Recommendedby NEWSROOM AI
Did someone steal your phone? Contact your bank without hesitation warns consumer journalist Wendy Knowler.
Joanne Joseph plays audio from the media briefing over the impending strike.
"This problem is bigger than just a Kingswood problem. The relevant processes will unfold," says College Head Colleen Vassiliou.
There'll be Rolls-Royces, Bentleys, Jaguars, MGs and other great brands. There’s even a Ferrari like Tom Selleck's from the 1980s.
The money-pit airline is fighting for its life. Bruce Whitfield interviews Theto Mahlakoana, a senior political reporter at EWN.
“I spent a year travelling 100 000 km [crisscrossing SA researching farmers]. It changed my perspective,” says author Ivor Price.
Mara smartphones are now available from Vodacom participating outlets. Bruce Whitfield interviews Ashish Thakkar, Mara's CEO.
The Money Show’s Bruce Whitfield asks Peter Armitage (CEO at Anchor Capital) for his stock picks of the week.
Bruce Whitfield interviews economist Dr Thabi Leoka on Eskom's shock announcement late Monday afternoon.
Khabazela shares tweets and Facebook posts that have gone viral.
Energy analyst Ted Blom weighs in on the energy crisis in South Africa as load shedding stage 2 is implemented.
The 26-year-old is the third South African to be crowned Miss Universe and has made the country proud.
Rich. Wealthy. Financially free... Call it what you will; the first million is how you get there. Warren Ingram on his book...
Senior Researcher at Africa Check Kate Wilkinson shares their latest from their fact-finding missions.