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SAA administrators suspend all operations until funding found
Administrators in charge of South African Airways (SAA) said on Tuesday that they were suspending all operations and putting the struggling state-owned airline under "care and maintenance" until funding for a restructuring plan was found. SAA entered a local form of bankruptcy protection in December, after almost a decade of financial losses, and its longstanding woes have been exacerbated by the COVID-19 pandemic. The administrators published a restructuring plan in June, but the… (www.nasdaq.com) 更多...
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This is what happens when countries comply with the UN desire to return all power to the 'indigenous people'. New Zealand and Australia will be the next to turn thriving economies and countries into dust bowls, begging, and social decay.
They couldn't run a chook raffle. "Cry my beloved country"
I'm from the "Beloved Country" and will not really say much except that the African National Congress (ANC) government looting is at an all-time high, bleeding the country to death. There are more than 200 state entities in the same dire straits and the worst part is the medical departments. As an ex-pilot my heart cries for the Once Proud SAA, the best in the world before the '94 debacles.
My heart cries for the entire country. What happens when a country turns to socialist tyranny to solve its problems. More and worse problems.
That started when the ANC took control
A sad state of affairs.