SA could have achieved a lot were it not for its continual bail-outs of state entities and state capture‚ Business Leadership SA CEO Bonang Mohale says. "We have spent R50bn on SAA since 1999. If we had not done that‚ we would have bought Emirates Airlines. We could have in 23 years had four CEOs who are being headhunted for being effective and efficient knowing how to run an award-winning airline‚" said Mohale. He was speaking at a panel discussion on Tuesday titled "SA — Hero to Zero"‚ about the role of business in the country’s current political climate. Mohale said South Africans had a lot to think about ahead of the ANC’s elective conference. "Post December 20‚ I think we will be confronted with two challenges. The first will be a fiscal cliff where this government will run out of money at the rate that we are bailing out state-owned enterprises. "Secondly‚ I think that most of us are beginning to think about an emergency economy recovery plan‚" he said. "There is [agreement] a...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now