LETTER: Edcon rescue bid highlights SAA fiasco
The contrast in ethics reflects poorly on the state’s cavalier approach towards taxpayers
10 June 2020 - 16:41
The huge contrast in conduct and perceived ethics between the likely doomed business rescue attempts at Edcon on the one hand, and SAA and SA Express on the other, reflects poorly on the cavalier approach of the state towards its funders (taxpayers).
In Edcon’s case, an honest and ethical CEO has sacrificed his own salary and shows huge personal distress while he attempts to obtain the best outcome for staff and shareholders. The rescue process is transparent and the final outcome will be based on the team’s best efforts...
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