BUSI MAVUSO: SAA shareholders need to support board’s turnaround plan
The union’s wage dispute is not a policy dispute, and as such the shareholder representative should not be called in to help save the national airline
If there’s one aspect that has been at the centre of the collapse of governance across SA’s state-owned companies over the past decade, it is that the politics of the day have played itself out in the boardroom decisions of institutions such as SAA.
If we are to break with this period, boards as well as the executives should now be left to run them “like a business” as finance minister Tito Mboweni urged at the end of October. As SAA goes into a strike, with most of its flights cancelled over this coming weekend, it will be a test of just whether the sixth administration will break with past traditions...