Cash-strapped SAA slammed for multi-million rand salaries

Mail & Guardian political editor Mayuma Letsoalo says it is shocking that a struggling State Owned Enterprise like South Africa Airways (SAA) is still paying its executives such huge salaries.

Speaking on the Political Desk, Letsoalo says the salary of the acting head of legal has doubled to R4.2 million.

It's really shocking, I know the CEO might be saying that there is no other way to turn the company around.

Matuma Letsoalo, Mail & Guardian Political editor

He must realise that this is a public purse.

Matuma Letsoalo, Mail & Guardian Political editor

READ: SAA's R5.6 billon loss no surprise - CEO

Letsoalo says just this month, SAA was handed another R5 billion, bringing the total bailout amount in the past twelve months to R20 billion.

The debt is too deep and you ought to be careful about how you spend the money.

Matuma Letsoalo, Mail & Guardian Political editor

ALSO READ: Treasury believes mix ownership model is the answer for SAA

The CFO might be earning close to a million a month, that's a lot of money.

Matuma Letsoalo, Mail & Guardian Political editor

Listen how must other executives are earning...


This article first appeared on 702 : Cash-strapped SAA slammed for multi-million rand salaries


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