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While it may not have come as a complete surprise, given how long it took for the deal to be consummated and the high levels of secrecy surrounding it, the news that the government’s efforts to sell a majority stake of SAA to Takatso Consortium have been called off may spell the beginning of the end for the national carrier, writes Kaiser Nyatsumba.
On its own, the airline will gradually wind its way down to liquidation – if its board takes no swift action to place it in business rescue again.
Refilwe Moloto chats to the Free Market Foundation's Terry Markman about government's plan to have a state-owned rival to Eskom.
In an opinion piece in Daily Maverick a week ago, Minister of Public Enterprises Pravin Gordhan wrote about steps taken by his department to reverse the effects of the “ruthless looting and destruction” which has taken place in the country’s state-owned enterprises (SOEs) over the past few years. He said the Department of Public Enterprises was taking “decisive steps to recover assets, money and intellectual properties stolen from SOEs as part of State Capture”. In the case of South African Airways (SAA), Gordhan said restructuring — which would include the selection of a strateg...
Is government part of the solution to SAA’s woes, or is it part of the problem? In an opinion piece in Daily Maverick a week ago, Minister of Public Enterprises Pravin Gordhan wrote about steps taken by his department to reverse the effects of the “ruthless looting and destruction” which has taken place in the country’s state-owned enterprises (SOEs) over the past few years. He said the Department of Public Enterprises was taking “decisive steps to recover assets, money and intellectual properties stolen from SOEs as part of State Capture”. In the case of South African Airways (S...