30% of SA’s electricity is lost or stolen. Blu Label wants to fix that

Of air crew making their way through to the boarding gates at one of our airports last week with poise and with confidence. And I thought to myself, that's so admirable considering the mess that that airline is still in and its continued dependency on the state, Elena. Yes, unfortunately, for the second month in a row, SAA hasn't been able to pay on time senior staff, including pilots, which makes me a bit nervous. The airline

Is struggling with what they call immense liquidity pressure. That's the rising jet fuel costs, of course, you know, one of the big things that are really hurting them. And then also they're struggling to get ticket sales back to South Africa from neighboring countries. They're saying there's like 900 million Rand sitting in Zimbabwe, which can't be moved due to cross-border transfer restrictions. The National Treasury has stepped in with a 1 billion Rand guarantee in the medium-term budget, but you

That the South African Cabin Crew Association told us that workers are extremely worried and they feel like the ship is sinking. It's been two years since that deal collapsed with Takata. So, the government's still looking for a partner for SAA. But in this circumstances, you know, we don't know what's going to happen. And meanwhile, Harris, which is that private equity infrastructure investor, which was sort of part of the PIC, the PIC still owns 30% of them.

Got approval to take over Fly Saf Air this week. So that deal's going ahead. One less interested party in the market, I guess. It's a really tough time for SAA. And the employees and unions who speak to you, they blame management. And this was brought in sharp relief this week again with the former acting CEO found guilty on disciplinary charges from his time at Air Chefs, which is a subsidiary of SAA. It's been an absolute shock.