Sacca
latest news & developments
Embattled SAA is set to receive balance of R10bn funding
Salary arrears owed to SAA staff will be paid by 19 February, and the public enterprises department commits to reskilling affected employees.
SAA needs R2.2bn to pay for voluntary severance packages
More than 3 000 employees out of 5 000 have accepted the packages. The state-owned airline, which went into business rescue, is likely to retain 1 000 workers
Unions vow to push ‘battle for survival’ at SAA
The Labour Court dismisses an application by Numsa and Sacca to have planned job cuts at SAA scrapped
SAA’s options seem limited
Business rescue is unlikely to work for a state-owned airline, say experts. But the government has no money for bailouts