Outa says urgent plan needed to rescue SOEs - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Outa says it rejects a cash injection into SAA without the parastatal undergoing any significant changes.

The Organisation Undoing Tax Abuse says an urgent plan, other than bailouts, is needed to rescue state-owned enterprises. Outa was making a presentation to a joint meeting of Parliament’s committees that deal with finances.issued by South African Airways against insolvency. The decision of Australian travel agency Flight Centre Travel Group’s preferred insurer Santam’s Travel Insurance Consultants, Hollard Travel Insurance and Bryte Insurance in South Africa further clouds the outlook of theOuta Chief Financial Officer Godfrey Gulson says they reject the injection of capital into SAA, South African Express Airways and Denel without these parastatals undergoing significant changes.

“Partial privatisation is a necessary concept which will inject much-needed funding in SOEs so that is a concept that should be explored going forward,” says Gulson.

It's understandable when Gov't bails Eskom due to the essential nature of their service to our people and the investment community BUT for SAA, I struggle to know why billions of Rands should be spent to rescue them yearly.Maybe someone can educate me on why this is happening

When they will finish with their theater and tell us exactly what they want so we can move on 😰? If they want to close the company so much better, if they want to sell the company, so much better as well, if they want to keep the company, well 😌 they know what to do to keep it.

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