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R12 billion loss
If the reports found online are all fabricated for political reasons then I am sorry for jumping to conclusions.
On the flipside, these organisations would have used your R12 billion (and another 1.5 billion in 2009) to better effect.
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Web Research - what other say
In Africa, historically the fall of colonialism has usually seen the same results. Black Economic Empowerment in South Africa forms the cornerstone of the development of this coutry. Appoint a black person so that the wrongs of the past can be corrected. This economic empowerment should lead to the development of a black middle class in South Africa - WRONG. Some of the disturbing news in relation to the empowerment approach in the SAA. |
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Khaya Ngqula, the SAA CEO dismissed in 2009 after years of mismanagement. Now, finally, an enquiry.
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OK, so maybe I am judging someone I have never met a bit harshly. Fact is I feel this man has no respect for my life or me as a paying consumer for services he was overseeing. So, on closer inspection I have found some articles in relation to the demise and current collapse of the SAA. Financially. And yes, taxpayers are carrying this company so that the ANC government can keep appointing black people (because they are black - not competent) This cauldron of corruption and racism (appointing someone in a job because of their skin colour) will eventually lead to South Africa Airways becoming another monkey airline for Africa.
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A Report found online by an independant media source. The report is substantiated by other articles and reports found online. |
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A NEWSVIBE article about the industrial action in 2009 in relation to the suspension of the CEO and the charges being investigated. |
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A Blog site with a heated discussion on bribery and corruption at OR Tambo Airport, the flagship SAA airport. Home of the national carrier ...... |
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Found this article on a website called ALL AFRICA. It seems this was published in the SA BUSINESS DAY, but I couldn't confirm the originality of the article. |
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Amazing how these things work. Found an interesting response from the CEOs of COMAIR in relation to the continued bail out for the past 6 years. |
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Business Day also ran an article on some of the charges relating to the CEO and his dismissal. Procurement irregularities??
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Extremely well written article about the continued bail outs of the SAA. |
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The SAA is still in the middle of a civil case, after being fined R45 million for breaching competition rules. Another billion rand ???
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Tiisetso Tlelima is a freelance arts student in South Africa. Found this article submission on artilce site. |
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Political Corruption
The spoils of war.
For decades nationalist freedom fighters have roamed the African plains fighting for freedom and justice against colonial oppression. When this freedom arrived and governments of majority vote ruled, very soon the dedicated nationalist leaders seemed to forget the people they represent and set about a programme of self enrichment.
South Africa and the ANC government didn't invent corruption. They have just perfected it.
The previous president of the ANC, and yes, South Africa left office in a cloud of mist. Even Mr Mbekis' brother had something to say.
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