[LISTEN] Is SAA R10 billion coming from the PIC?

On Wednesday, Treasury Director General Dondo Mogajane told Parliament’s standing committee on finance the a special appropriations bill will be brought to parliament urgently to provide for R10 billion for South African Airways.

There is speculation that Public Investment Corporation (PIC) will fit the bill.

Ray White standing in for Stephen Grootes spoke to the editor of SA Flyer Magazine , Guy Lietch.

I am afraid we are all up on tenterhooks I see and I see that they are melting down at a rate in anticipation of a raid on the PIC...

Guy Lietch, SA Flyer Magazine

I think that there is definitely smoke and probably fire around the story and I think this is fundamental attack at public servants

Guy Lietch, SA Flyer Magazine

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


This article first appeared on 702 : [LISTEN] Is SAA R10 billion coming from the PIC?


Recommended

by NEWSROOM AI

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
Beleaguered SAA to cut fleet in effort to return to profitability

Beleaguered SAA to cut fleet in effort to return to profitability

Acting CEO Musa Zwane says the airline is expecting to attain a capital injection of R13 billion over three years.

[Watch] Will R10 billion fix SAA asks CapeTalk's John Maytham?

[Watch] Will R10 billion fix SAA asks CapeTalk's John Maytham?

John Maytham

 SAA needs R2.4 billion in working capital to see it through until March 2018

SAA needs R2.4 billion in working capital to see it through until March 2018

Gaye Davis says it has been confirmed that an undisclosed amount is being readied to be handed over to SAA.

Taxpayer? SAA says it needs another R13 billion from you (or profitable Telkom)

Taxpayer? SAA says it needs another R13 billion from you (or profitable Telkom)

The Money Show’s Bruce Whitfield interviews aviation expert and SA Flyer Magazine Editor Guy Leitch.

Sikonathi Mantshantsha wonders why Dudu Myeni seems untouchable

Sikonathi Mantshantsha wonders why Dudu Myeni seems untouchable

The controversial SAA board chair is staying on despite the parastatal becoming increasingly cash strapped under her watch.

Popular articles
Vila Kasi TV station leaves employees out in the cold with no pay

Vila Kasi TV station leaves employees out in the cold with no pay

Employees of the start-up media house are angered for not receiving salaries as promised at the end of June.

Nhlanhla Nene asks trade unions for ideas on how to fund wage increase demands

Nhlanhla Nene asks trade unions for ideas on how to fund wage increase demands

Nene asked unions representing Eskom workers to provide ideas to fund wage increases after negotiations with Eskom deadlocked.

How Steinhoff shares doubled in just five days

How Steinhoff shares doubled in just five days

Founder of Herenya Capital Advisors, Petri Redelinghuys, explains how the embattled Steinhoff managed to double its share price in 5 days

Parents no longer have to travel with children's birth certificates

Parents no longer have to travel with children's birth certificates

The new Home Affairs upgrades to the system include printing parents details at the back of the child's passport.

SA-made Rolkem cake decoration products may not be safe to eat

SA-made Rolkem cake decoration products may not be safe to eat

The UK’s Food Standards Agency issued an advisory, claiming that Rolkem failed to confirm that their ingredients were safe to eat.

Criminals targeting homes with aluminium windows, warns neighborhood watch

Criminals targeting homes with aluminium windows, warns neighborhood watch

The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.