It is surely not a new idea, but it seems to me that we should be reading more about the merits, or at least the demerits, of a merger between SAA and Comair.
The government has admitted the possibility of private equity in a new SAA, which is meant to rise from the debris of the old. At the same time, Comair has indicated it cannot survive on present volumes, worsened by the lockdown. Why can a case not be made to put the two together? There are good management and survival skills in Comair. SAA is in sore need of those skills. Of course, air travel is no place for a state-owned entity. But if the ANC is bent on rescuing something from SAA I would have thought a deal with Comair has to merit consideration.
Presumably the obduracy of the usual suspects is the problem. And maybe resistance from the Competition Commission. Yet a new policy path of this type is exactly what is required if our economy is to survive the double whammy of reduced income and increased borrowings. One might have hoped that at least Covid-19 would provide the shock therapy necessary to bring light to those who prefer the dark. What more will it take? Food riots?
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Gordhan slams SAA business rescuers for spending R35m on US consultantsThe government is unhappy that SAA business rescue practitioners spent between R30m and R35m on American consultants, while it has not yet seen any plan to save the national carrier from total collapse. weeee kanti When did he resign as the Min of SAA? 🤣🤣🤣
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Gordhan slams SAA business rescuers for spending R35m on US consultantsThis was disclosed to MPs from the National Assembly and the National Council of Provinces (NCOP) by public enterprises minister Pravin Gordhan during a virtual parliamentary meeting on Wednesday night. Pravin & President must be held accountable for appointing these people! SAA didn’t need this kind of nonsense they’re now blaming on everyone else except themselves. This is pure CORRUPTION & MISMANAGEMENT!! The least of your worries Pravin. You’re going to spend way more to try and resuscitate that business. Time to face up to the truth. Just because you say something doesn’t mean it’s going to happen. nomoremoney why not use South African consultants?
Source: SowetanLIVE - 🏆 13. / 63 Read more »
SAA business rescue has achieved nothing, says GordhanPublic enterprises minister says with R5.5bn spent since December there has been no demonstrable progress So it was just a dummy sold to all who dare to care about the plight of workers? Surprised. Not. ANC including their president are sll political cheaters
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