SAA to downsize and expected to cut fleet by 20 per cent

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This topic contains 20 replies, has 7 voices, and was last updated by  LuganoPirate 9 Nov 2017
at 15:21
.

Viewing 9 posts - 16 through 24 (of 24 total)

  • openfly
    Participant

    It is only a few weeks ago that the South African government handed SAA another R13,000,000,000 to keep it flying. The local financial press in SA are suggesting that the airline needs even more now…SAA have asked for another R5,000,000,000!


    SimonS1
    Participant

    capetonianm Participant >> This reply has been reported for inappropriate content. >>

      Easy come, easy go. That ‘government’ money is taxpayers’ money. South Africa has one of the narrowest tax bases in the world, with less than 25% of the population registered as taxpayers. Of those, less than half actually pay tax. Roughly 2% of the population pay over 50% of total tax collection. Not to mention VAT and other taxes on expenditure.

    Might I ask why? Is this is a mistake, or some snowflake objecting to the truth about ‘democracy’ in South Africa?

    I thought that ridiculous ‘report’ button would have been removed in the last update.

    Does SA have any leadership at present….I heard Tony Gupta was keeping a low profile these days and Zuma facing corruption charges.


    AMcWhirter
    Participant

    SAA’s new CEO Vuyani Jarana says the airline is seeking an equity investor to revive the carrier’s fortunes. Report from Bloomberg

    https://www.bloomberg.com/news/articles/2017-11-06/south-african-airways-seeks-investor-to-revive-its-fortunes


    capetonianm
    Participant

    Don’t all rush, gentlemen!


    openfly
    Participant

    I thought that SAA had found a suitable investor…..the South African government. After all they have already given R13,000,000,000 in the last few months and are about to donate another R5,000,000,000 into the SAA coffers.


    capetonianm
    Participant

    This reply has been reported for inappropriate content.

    Sorry, openfly, but I must correct your statement above.

    I thought that SAA had found a suitable investor…..the South African taxpayer. After all they have already given R13,000,000,000 in the last few months and are about to donate another R5,000,000,000 into the SAA coffers.

    There aren’t that many taxpayers, ZA has one of the narrowest tax bases in the world. So we have a situation where the (mostly) white taxpayers are paying for the thugs and buddies of Zuma and the ANC to fly for free and to give high status jobs to the incompetent, thus creating an ever worsening situation and a descent into the maelstrom.


    LuganoPirate
    Participant

    Latest I heard today was the government will sell part of its stake in Telkom to provide the funds to keep SAA flying. I also saw this but admittedly it’s a few years old so may be different now:

    We take note that the “research” was not conducted in any depth and some of the numbers below reflect from 2010 ­ 2012, so it is not conclusive. But here is what he found:
    1) QANTAS (Australian): 32,500 employees with a total of 252 aircraft = 129 employees per aircraft
    2) American Airlines: 87, 897 employees with a total of 618 aircraft = 142 employees per aircraft
    3) Delta Airlines: 106,216 employees with a total of 722 aircraft = 147 employees per aircraft
    4) British Airways: 36,832 employees with a total of 238 aircraft = 154 employees per aircraft
    5) United Airlines: 115,149 employees with a total of 710 aircraft = 162 employees per aircraft
    6) South African Airways: 55,500 employees with a total of 58 aircraft = 957 employees per aircraft

    Perhaps they need Alex Cruz to come and run it for them?


    openfly
    Participant

    @capetonianm In fact, I am one of the 2% who pay SA taxes. Do I own part of SAA…I do hope not. 😂


    LuganoPirate
    Participant

    @capetonianm In fact, I am one of the 2% who pay SA taxes. Do I own part of SAA…I do hope not. 😂

    So am I unfortunately. When and if I fly them again I shall remind the oft stroppy hostess that I have an equity stake in the airline and they better treat me with more respect 😉

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