LETTER: Grounding SAA has many repercussions
With the international airline industry in turmoil, this is not the time to close its doors
The government’s continued stance of continuing to fund failed state-owned enterprises (SOEs) causes enormous repercussions for the country’s finances. This issue goes back to the reason SOEs are established in the first place. If there are entities in the private sector that can perform these functions profitably, why does the state not employ its capital for other urgent government needs?
I agree with John Spira (“Absurdly high hopes of saving SAA”, May 3), but it is critical to note that closing an established entity such as SAA has many repercussions for stakeholders, including creditors, employees and the government...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.