• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION
No Result
View All Result
1
Home Business

Gordhan confirms SAA will undergo restructuring

1 December 2019, 8:14 PM  |
SABC SABC |  @SABCNews
Pravin Gordhan

Pravin Gordhan says the strike caused immense damage to the reputation of the national airline.

Pravin Gordhan

Image: SABC News

Pravin Gordhan says the strike caused immense damage to the reputation of the national airline.

Public Enterprises Minister Pravin Gordhan has confirmed that South African Airways (SAA) will have to go through a radical restructuring process to ensure its financial and operational sustainability. But the unions say they were not consulted.

In a statement, Gordhan says there is no other way forward as the struggling airline can’t continue in its current form. He says the November strike by unions, Numsa and the South African Cabin Crew Association has caused immense damage to the reputation, operations, and the deterioration of the finances of SAA.

Gordhan, however, stresses that SAA remains open for business and has urged South Africans to support the airline in its efforts to restore sales confidence among and rebuild revenues in the shortest possible time.

SACCA reacts to SAA restructuring plan

Numsa could not be reached for comment, but the president of the South African Cabin Crew Association (SACCA), Zazi Sibanyoni-Mugambi says the unions were not consulted.

For more read statement below:

‘Secure funds’ 
Minister Gordhan says there has been intense discussions with lenders to secure the necessary funds to cover a radical restructuring process at SAA over the next few month.
Share article
Tags: South African Airways(SAA)Pravin Gordhan
Previous Post

Nine people trampled to death at a party in Brazil

Next Post

Cape Town sets festive mood as city readies to switch on Christmas lights

Related Posts

Smoke rises from the Duvha coal-based power station owned by state power utility Eskom, in Mpumalanga province, South Africa, 18 February, 2020.

Eskom hands back operations of Uganda’s power stations

1 April 2023, 5:50 PM
Mineral Resources Minister Gwede Mantashe addressing a media briefing.

Mantashe encourages mining companies to contribute to community development

1 April 2023, 9:42 AM
Hundred notes

Financial regulator concerned about allegations made against some banks

1 April 2023, 9:38 AM
Pylons carry electricity from a sub-station of state power utility Eskom outside Cape Town in this picture taken March 20, 2016.

Eskom’s new tariff to have ripple effect

1 April 2023, 7:31 AM
COSATU office bearers rally commemorating the 1973 Durban Strikes is underway in Durban.

Interest rate hikes will lead to further financial hardship: Cosatu

31 March 2023, 5:01 PM
FILE PHOTO: A money changer holds a stack of currency

Staff at Standard, ABSA and Sasfin banks implicated in money laundering: Documentary

31 March 2023, 2:03 PM
Next Post
The annual Festive Lights Switch-On attracts about 80 000 people and will be preceded with a free concert.

Cape Town sets festive mood as city readies to switch on Christmas lights

Most Viewed

  • 24hrs
  • Week
  • Month
  • Public sector unions accept revised 7.5% wage increase
  • ‘Medupi Power Station’s design ‘flaws’ deliberate to cost taxpayers money’
  • Zimbabwe Reserve Bank faces sanctions over money laundering accusations
  • UPDATE: Oscar Pistorius denied parole
  • UJ, TUT named hubs of Artificial Intelligence
  • Corporates prepare for a possible national blackout
  • Unions set the record on wage settlement agreement reports
  • UPDATE | Court hears evidence regarding Zuma’s medical records
  • Public sector unions accept revised 7.5% wage increase
  • SABC News crew attacked on N2 while monitoring protests
  • Eight killed in Limpopo N1 crash
  • UPDATE | Five suspects killed during shootout with police in Durban
  • SABC News distances itself from fake news post
  • Residents in Durban flat where suspects killed left reeling
  • Mantashe encourages mining companies to contribute to community development

LATEST

Police badge.
  • South Africa

Police lauded for bringing down murder and drug dealing suspects


SA MotoGP rider Brad Binder
  • Sport

Binder ‘fights like hell’ to win Argentina sprint from 15th on grid


A soccer player on the field.
  • Sport

Orlando Pirates move to second spot on DSTV Premiership log


Mamelodi Sundowns players at the Loftus Versfeld Stadium.
  • Sport

Mamelodi Sundowns make it six PSL titles in a row


Crime scene tape
  • South Africa

Residents in Durban flat where suspects killed left reeling


EFF members cleaning a dumpsite
  • Politics

Malema takes Andries Tatane clean-up campaign to Limpopo


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2023

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION

© 2023

Previous Police Nine people trampled to death at a party in Brazil
Next Cape Town sets festive mood as city readies to switch on Christmas lights