Tag Archives | SAA

No ‘secret meeting’ on possible ‘secret bailout’ of SAA

The Standing Committee on Finance (SCOF), has unilaterally been scheduled as a closed meeting for a secret briefing by SAA on their latest quarterly report on Wednesday 16 May 2018. This is deeply concerning, not only because members of the public will apparently be barred from attending, but because a R 5,0 billion secret bailout…

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DA opposes VAT increases in public hearings

Kindly find attached pictures of concerned residents who attended the hearings here, here and here. The DA attended the VAT public hearings that were held today in Parliament before the Standing Committee on Finance (SCOF) where we reiterated our position that the 1% VAT increase must be scrapped as it is affecting the livelihoods of…

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Government admits South Africa Airways is beyond ‘repair’

The ANC has allowed SAA to be so badly managed and with considerable malfeasance apparent that SAA is now in debt in the amount of R9,2 billion. It has acknowledged that there is no possibility that SAA will ever be able to trade its way out of debt. The Deputy Minister of Finance, Mondli Gungubele,…

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SAA and Mango Audit reports a ‘horror show’

South African Airways (SAA) and Mango airlines have received qualified opinions according to their audit reports, which were due in September last year, tabled in Parliament today. The reports can be found here and here. The adverse findings by the Auditor General partly explain why there has been a such a reluctance by SAA to…

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SAA liquidity crisis continues

The DA will write to Nhlanhla Nene to urgently obtain a report on the procurement deviation requested by SAA CEO to source additional loans of R15 billion that according to a news paper report was the basis for a deviation requested by new SAA CEO. Incredibly the motivation for these funds apparently included hiring consultants…

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Disgraced Dudu Myeni must keep away from SAA

The DA finds it incomprehensible that the hard-won steps towards saving SAA can be so recklessly undermined by the proposal to move the embattled airline from the Finance ministry to the Transport Ministry– a ministry that has so fouled up the e-toll saga. What makes such a proposal even worse is the news that disgraced…

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Fees Commission’s ICL proposal not the solution

President Zuma’s appointment of the Heher Commission in 2016 was a classic example of “kicking for touch”, while student riots were ongoing. It bought him time. But that time is now over with no real solutions on the table. The DA has called for a debate on a matter of national importance on the funding…

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R13 billion has been wasted on an airline that we do not need

The following speech was delivered by the DA Shadow Deputy Minister of Finance, Alf Lees MP, during the debate on the 2017 Revised Fiscal Framework in the National Assembly today. Madam Speaker, The Revised 2017 Fiscal Framework indicates that the Expenditure Ceiling is going to be exceeded by R3.9 billion. This breach was completely avoidable…

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