A thread on SAA.
*Hw #SAA ws collapsed?
*SAA tender Beneficiaries
*Privatization of SAA fr th benefit of WMC & their Black stooges
*Hw #SAA ws collapsed?
*SAA tender Beneficiaries
*Privatization of SAA fr th benefit of WMC & their Black stooges
Thabo Mbeki, Saki Macozoma & Coleman Andrews stripped SAA.
They sold al SAA aircrafts & paid Coleman Andrews R230 MLN as thank you gift fr a job well done.
SAA stripping beneficiaries
👇
WMC, ANC veterans,...
They sold al SAA aircrafts & paid Coleman Andrews R230 MLN as thank you gift fr a job well done.
SAA stripping beneficiaries
👇
WMC, ANC veterans,...
In late 90s,
Former Eskom chairman, President Mbeki close friend & now PIC chairman, #RuelKhoza & his consortium bought 75% of Sun Air
*Th consortium went to liquidation
*th state failed to recover R14MLN owed to it
#StateCaptureInquiry
#DuduMyeni
Former Eskom chairman, President Mbeki close friend & now PIC chairman, #RuelKhoza & his consortium bought 75% of Sun Air
*Th consortium went to liquidation
*th state failed to recover R14MLN owed to it
#StateCaptureInquiry
#DuduMyeni
In 2002,
SAA made R6 BLN hedging loss, after #TrevorManuel approved SAA's request to commence hedging its fleet exposures.
#WakeUpBlackChild
#DuduMyeni
SAA made R6 BLN hedging loss, after #TrevorManuel approved SAA's request to commence hedging its fleet exposures.
#WakeUpBlackChild
#DuduMyeni
Th myth of Pres Mbeki, Saki Macozoma, Coleman Andrews & #TrevorManuel's wizardry:
In 2004,
SAA reported a loss of R8.77 BLN and a total trading loss of R15 BLN.
#WakeUpBlackChild
#HandsOffSOEs
#DuduMyeni
In 2004,
SAA reported a loss of R8.77 BLN and a total trading loss of R15 BLN.
#WakeUpBlackChild
#HandsOffSOEs
#DuduMyeni
In 2004,
#SAA chief, #AndreViljoen resigned folowing heavy loses SAA suffered in a R6 BLN hedging loss
Th loss ws revealed in SAA’s 2002/2003 financial results & saw th govt having to issue a R3.5BLN guarantee to lenders!
#DuduMyeni
#SAA chief, #AndreViljoen resigned folowing heavy loses SAA suffered in a R6 BLN hedging loss
Th loss ws revealed in SAA’s 2002/2003 financial results & saw th govt having to issue a R3.5BLN guarantee to lenders!
#DuduMyeni
Leanne Williams "hs accused Christo Wiese of using hs position in 2010 as BOARD CHAIRPERSON of #Mango,a subsidiary of #SAA,to enrich himself"
#StateCaptureInquiry
#StateCaptureInquiry
Pravin Gordhan, Macquarie, J&J Group & th SAA deal!!
Who r J&J Group & Macquarie shareholders?
👇
WMC(DA Funders),ANC veterans,SaveSA(#LootSA),SACP, #KetsoGordhan,..
#StateCaptureInquiry
Who r J&J Group & Macquarie shareholders?
👇
WMC(DA Funders),ANC veterans,SaveSA(#LootSA),SACP, #KetsoGordhan,..
#StateCaptureInquiry
SAA & Treasury under Pravin Gordhan leadership awarded R1.6Bn tender to AAR dispite being excluded frm tender proceses
*17 forensic reports conducted
*EY report:"contract based on potentially corrupt relationship btw SAA & AAR"
*17 forensic reports conducted
*EY report:"contract based on potentially corrupt relationship btw SAA & AAR"
Mathews Ramotse, Satawu:
*AAR's R1.6Bln ws signed by SAA & Treasury under Pravin Gordhan leadership
*"According to policy of SAA,th executive cannot approve anything tht is mor thn R100 Mln w/o agreement of Treasury
*AAR's R1.6Bln ws signed by SAA & Treasury under Pravin Gordhan leadership
*"According to policy of SAA,th executive cannot approve anything tht is mor thn R100 Mln w/o agreement of Treasury
Adil Nchabeleng,TranformSA:
*"Decisions are not made within SAA:
*"Office in Miami,USA & Tresuary run SAA's operations"
*Only 2% of SAA's R24Bn Budget spent on Black owned companies
*"SAA is systematically looted"
#StayWoke
*"Decisions are not made within SAA:
*"Office in Miami,USA & Tresuary run SAA's operations"
*Only 2% of SAA's R24Bn Budget spent on Black owned companies
*"SAA is systematically looted"
#StayWoke
Ahmed Shaik Emam,NFP MP:
*The whole issue of Radical Economic Transformation is a joke!
*"We talk abt RET yt SAA is controlled by an office in America or Treasury"
*Who gets th contracts?
#WakeUpBlackChild
#StateCaptureInquiry
*The whole issue of Radical Economic Transformation is a joke!
*"We talk abt RET yt SAA is controlled by an office in America or Treasury"
*Who gets th contracts?
#WakeUpBlackChild
#StateCaptureInquiry
Why #DuduMyeni exit frm SAA ws good:
*SAA pilots r th SECOND MOST EXPENSIVE in th WORLD
*Pilots evergreen contracts: contracts continue even after SAA pilots r employed by other Airlines!
*Pilots decide whch routes to fly as per their convenience
*SAA pilots r th SECOND MOST EXPENSIVE in th WORLD
*Pilots evergreen contracts: contracts continue even after SAA pilots r employed by other Airlines!
*Pilots decide whch routes to fly as per their convenience
Why #DuduMyeni exit frm SAA ws good:
*Anybody who challenges status quo must go
*Fuel suppliers r multi nationals based overseas
*Fuel is SAAs biggest variable cost
*Myeni brought Black fuel suppliers on board
#WakeUpBlackChild
#HandsOffSOEs
*Anybody who challenges status quo must go
*Fuel suppliers r multi nationals based overseas
*Fuel is SAAs biggest variable cost
*Myeni brought Black fuel suppliers on board
#WakeUpBlackChild
#HandsOffSOEs
Why #DuduMyeni hd to exit SAA:
"Part of the things tht has set uncomfortable wit a lot of ppl is tht i said: out of R24bn,cant we give 30% to youth,women,military veterans & ppl wit disabilities"
Side note: SAA only spends 2% on Black owned companies
"Part of the things tht has set uncomfortable wit a lot of ppl is tht i said: out of R24bn,cant we give 30% to youth,women,military veterans & ppl wit disabilities"
Side note: SAA only spends 2% on Black owned companies
Adil Nchabeleng:
"SAA is a major cash cow fr companies tht hv been privileged in th past tht continue to milk th airline til tdy:
*SAA makes a lot of money
*gross level of corruption
*Inflated contracts
*contracts r extended,never renegotiated
"SAA is a major cash cow fr companies tht hv been privileged in th past tht continue to milk th airline til tdy:
*SAA makes a lot of money
*gross level of corruption
*Inflated contracts
*contracts r extended,never renegotiated
Zamo Madlala of Black Empowerment Foundation talks abt SAA challenges:
*Jet fuel R10bn bill
*Good luck Mr Jarana
*Forensics reports
*Michelin tyre & tyre tender
*Head of procurement false report
#WakeUpBlackChild
#HandsOffSOEs
*Jet fuel R10bn bill
*Good luck Mr Jarana
*Forensics reports
*Michelin tyre & tyre tender
*Head of procurement false report
#WakeUpBlackChild
#HandsOffSOEs
SAA CEO Vuyani Jarana on his resignations:
*Turnaround strategy is being systemically undermined
*Ways of working btw th executive,board & Pravin Gordhan hv made it difficult to operate wit required speed & agility
*Trust levels r very low
#StayWoke
👇
*Turnaround strategy is being systemically undermined
*Ways of working btw th executive,board & Pravin Gordhan hv made it difficult to operate wit required speed & agility
*Trust levels r very low
#StayWoke
👇
