for subscribers

SAA employees describe the 'nightmare' impact of drawn-out and uncertain rescue process

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
A South African Airways aircraft on the apron of Frankfurt Airport in 2018.
A South African Airways aircraft on the apron of Frankfurt Airport in 2018.
Silas Stein/picture alliance via Getty Images

For almost a year now - since South African Airways went into business rescue - the sword of uncertainty hung - and still hangs - over the heads of its more than 4 000 employees, causing an emotional and financial nightmare.

"I know of a colleague who owned a house and had just a few years left to pay it off, but has now lost it because of not having been able to pay the bond," an SAA employee tells Fin24 on condition of remaining anonymous, though his identity is known. I also know of another colleague who is going through a divorce because of endless fighting created by money troubles due to a lack of income the past few months.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
15.29
(-0.08)
ZAR/GBP
21.15
(+0.38)
ZAR/EUR
18.25
(+0.20)
ZAR/AUD
11.72
(+0.56)
ZAR/JPY
0.14
(+0.28)
Gold
1696.21
(+0.19)
Silver
25.34
(+0.22)
Platinum
1129.57
(+1.02)
Brent Crude
67.21
(+4.17)
Palladium
2338.48
(+1.05)
All Share
68028.33
(+0.42)
Top 40
62564.98
(+0.51)
Financial 15
12654.56
(-0.16)
Industrial 25
87591.46
(-0.34)
Resource 10
70399.90
(+1.78)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1060 votes
No, I did not.
52% - 2664 votes
My landlord refused
28% - 1440 votes
Vote