New CEO Jarana must stem the bleeding of SAA cash flow - Guy Leitch

The newly appointed CEO of the South African Airways, Vuyani Jarana will take on a huge task, as he is expected to implement an "aggressive" turnaround strategy if the national carrier is to overcome its financial woes.

Finance Minister Malusi Gigaba on Friday morning told Parliament's finance committee that the national carrier is facing financial challenges of a short to medium nature.

SA Flyer Magazine's Guy Leitch says Jarana will need to have his presence felt early enough to turn SAA around.

It's had seven CEO's in the past five or so years and the airline is in fact in grave crisis at this stage. We have seen financials presented this morning I believe that says it is bleeding up to R 9 million a month in cash...

Guy Leitch, Editor of FlySA Magazine

READ: Fundamental problem with SAA is how it has been lead - Gigaba

He is obviously got to stem the bleeding in terms of cash flow.

Guy Leitch, Editor of FlySA Magazine

Meanwhile members of the National Union of Metal Workers of South Africa (Numsa) and SA Cabin Crew Association organised a march against what they say are poor working conditions at SAA and corruption in the company.

Numsa spokesperson Phakamile Hlubi, says reports of corruption, as well as the carriers financial troubles have negatively impacted workers.

The National Union of Metal Workers of South Africa together with the South Africa Cabin Crew Association teamed up early this morning to march to the headquarters of SAA technical to hand over a memorandum.

Phakamile Hlubi, spokesperson

Our members are suffering under the burden of ever worsening working conditions and of course low pay.

Phakamile Hlubi, spokesperson

Click on the link below to listen to the full audio....

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Fundamental problem with SAA is how it has been lead - Gigaba

Fundamental problem with SAA is how it has been lead - Gigaba

On Thursday, National Treasury confirmed that new SAA CEO is Vodacom group executive Vuyani Jarana.

DA encouraged by the new SAA CEO appointment

DA encouraged by the new SAA CEO appointment

Alf Lees, DA shadow deputy finance says Vuyani Jarana has an impressive track record at Vodacom.

Motsoeneng taking SABC to CCMA over dismissal

Motsoeneng taking SABC to CCMA over dismissal

EWN's Gia Nicolaides reports Hlaudi Motsoeneng's lawyer is unaware of the SABC's plans to get millions back from his client.

Chamber of mines is anti transformation - Num

Chamber of mines is anti transformation - Num

The roll-out of the Mining Charter has been suspended pending the court's ruling on the Chamber of Commerce court interdict.

Numsa threatens to down tools over wages in engineering sector

Numsa threatens to down tools over wages in engineering sector

The union is demanding a 15% increase across the board and says it will strike if demands are not met.

Politicians and tenderpreneurs bleeding SAA dry - Mantshantsha

Politicians and tenderpreneurs bleeding SAA dry - Mantshantsha

Treasury confirmed over the weekend a further R2.3 billion bailout for the cash-strapped national carrier.

[LISTEN] What's happening to SAA may be the beginning of the end

[LISTEN] What's happening to SAA may be the beginning of the end

Stepehen Grootes spoke to Guy Leitch, Editor of FlySA Magazine.

New mining charter has created disunity - expert

New mining charter has created disunity - expert

Analyst Mamokgethi Molopyane gives her take on the impact of opposing views regarding black ownership under new Mining Charter.

Numsa: Probe Eskom's handling of Thembisile Yende's disappearance

Numsa: Probe Eskom's handling of Thembisile Yende's disappearance

Now Numsa, of which Yende was a member, says Eskom also has some tough questions to answer.

Popular articles
Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

The Money Show’s Bruce Whitfield interviews the former CEO of Africa’s largest retailer by far.

CT airport shooting attempted hit on gang boss allegedly linked to '28s' -expert

CT airport shooting attempted hit on gang boss allegedly linked to '28s' -expert

A policing expert explains that the airport shooting may be linked to the shooting at a Stellenbosch nightclub this past weekend.

Almost 30 million SA ID numbers compromised after site hacked

Almost 30 million SA ID numbers compromised after site hacked

Independent Marketing Consultant in the Technology Space, Andrew Fraser says this looks like a leak and not a hack.

Cape Town International Airport shooting could be gang related - ACSA

Cape Town International Airport shooting could be gang related - ACSA

The incident happened in the early hours of Wednesday morning.

Kloof Street residents living in fear as crime multiplies

Kloof Street residents living in fear as crime multiplies

A Cape Town man was stabbed to death on Saturday while trying to assist two women who were being mugged on Kloof street.