Today's Labour News

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saa thumb medium95 76Fin24 reports that proposed merger between SA Airways (SAA), Mango and SA Express could lead to even greater losses, according to Connie Mulder, head of Solidarity’s research institute.  

The union issued a statement on Friday indicating its intention to file a court application in the near future to have SAA placed in business rescue.  This followed Public Enterprise Minister Pravin Gordhan’s announcement of board changes at SOEs in his portfolio, including SA Express.  The South African Civil Aviation Authority (SACAA) on Thursday grounded SA Express due to non-compliance on 17 specific findings.  Gordhan proposed a merger between the national carriers to create "synergy and savings" and also said that selling the airlines was not necessarily the answer to their financial woes.  Solidarity, however, called the idea of a merger "preposterous" and said it would be “akin to throwing a cement life jacket to a drowning person.  "Mulder stated:  "A business practitioner responsible for turning SAA around should be appointed by the court.  The government as a shareholder should no longer be in control of any airlines – airlines should be run by private companies."

  • Read this report by Lameez Omarjee in full at Fin24
  • Read Solidarity’s press statement at Solidarity News

Get other news reports at the SA Labour News home page