Q&A’s, 2008

NATIONAL ASSEMBLY
QUESTION FOR WRITTEN REPLY
IQP: 18-2008

Question 1000

Dr S M van Dyk (DA) to ask the Minister for Public Enterprises:

(1) (a) What financial losses did the SA Airways (SAA) present in the 2007-08 financial year, (b) how much cash did the SAA have in the bank on 1 June 2008,(c) what is the assets-to-debt ratio of the SAA as expressed in monetary value and other assets, (d) what is the rand value of the guarantees still at the SAA’s disposal and which the Treasury has allocated as part of the its assets and (e)what (i) is the rand value and (ii) are the details of bonuses of any kind paid out to management and board of directors of the SAA in the 2007-08 financial year;

(2) (a) how many pilots were dismissed by the SAA from 31 March 2007 up to and including 4 June 2008, (b) how many more dismissals are envisaged, (c) when will they occur and (d) why? NW1738E

Reply

(1) (a-e) South African Airways (SAA) financial results for 2007/08 will be presented to the SAA Board of Directors in mid-July, after which they will be made public.

(2) (a) SAA has not dismissed any pilots in the said period.

(b) Dismissals cannot be predicted as they occur on a case to case basis.

(c-d) Responses provided above (part 2 (b) of the question).