We have new ministers at the Treasury and at public enterprises who are not appointees of the Zuma administration. The coddled Dudu Myeni has finally been removed from South African Airways (SAA), leaving a destroyed enterprise. To eliminate the continuing damage inflicted on the country by SAA, with its patronage network that has milked over R50bn in bail-outs, requires a political will that up to now has been totally absent. SAA represents a serious fiscal risk and it must be removed as a state entity, sold off or closed. The new chairman and board, with a CEO from Vodaphone and some outrageously expensive consultants are certainly not going to be able to resurrect a viable airline from the SAA ashes. Did anyone take note of their recent report to Parliament? MPs heard that SAA’s revenue was R1bn below budget for the nine months to end-December and that it posted a R3.7bn loss for the period, which was 71% higher than the R2.2bn loss that was budgeted. With the lower revenue and h...
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