BusinessLive reports that cash-strapped national carrier South African Airways (SAA) says it will not be able to pay staff salaries for November on the normal scheduled payment dates.
The airline has posted more than R18bn in losses since the 2015 financial year. But that did not stop members of the National Union of Metalworkers of SA (Numsa), and the SA Cabin Crew Association (Sacca) from embarking on an open-ended pay strike on 15 November, demanding an 8% wage increase. SAA has offered them 5.9% deferred to April 2020. On Thursday evening SAA spokesperson Tlali Tlali said the airline, which has received R5bn from the National Treasury in 2019, had advised all personnel that it would “not be able to pay salaries for November on the normal scheduled dates”. He explained that: “The company has yet to secure R2bn working capital to fund daily operations and this includes payment of salaries to all employees.”
- Read the full original of the report in the above regard by Luyolo Mkentane at BusinessLive
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