The National Union of Metalworkers of South Africa (Numsa) and South Africa Cabin Crew Association (Sacca) have called on business rescue practitioners at the South African Airways (SAA) to intensify efforts to ease the financial burden on the airline.
The national carrier has scored a R3.5 billion cash injection from the Development Bank of Southern Africa aimed at helping with operations and improving productivity.
SAA entered a form of bankruptcy protection in December and business rescue practitioners were roped in to try to save the airline.
Numsa spokesperson Phakamile Hlubi-Majola said they wanted a viable and sustainable SAA: “The airline is under business rescue in part because it spent R25 billion on procurement per year. Some of these are evergreen contracts with grossly inflating pricing and there were no interventions on the contracts, which were choking the airline.”
More Stories
NDZ Calls On Ramaphosa To Step Aside
Phala Phala Panel Finds Ramaphosa May Have Questions To Answer
Only Those Charged Should Step Aside – ANC
Justice Minister Will Decide On Walus
NSPCA Calls For Stronger Regulations
SA’s Unemployment Rate Drops To 32.9% In Third Quarter
DA Western Cape Terminates Masizole Mnqasela’s Membership
I want to serve South Africans – Mkhwebane
SPCA Calls For Responsible Pet Care
Ramaphosa Blames Historical Issues At Eskom
Lindiwe Sisulu Disputes ANC Top 6 Nominations
Ramaphosa Says Waluś Parole Judgment Is Disappointing