Pravin Gordhan wants SAA to fire its entire board. Good idea, or not?

The Minister of Finance is correct in thinking about changing the whole board.

Joachim Vermooten, transport economist

The scale of SAA’s operations needs to be addressed. The more SAA flies the more losses it makes.

Joachim Vermooten, transport economist

Finance Minister Pravin Gordhan publicly stated on Tuesday that South African Airways (SAA) requires a whole new board.

The Money Show’s Bruce Whitfield interviewed independent transport economist Joachim Vermooten.

Scroll down for quotes from the audio below.

There is a policy of frequent rotation of board members at state-owned enterprises.

Joachim Vermooten, transport economist

SAA needs to be held accountable. By not publishing their statements… one worries its financial situation is worse than we think.

Joachim Vermooten, transport economist

One needs to break the cycle of losses.

Joachim Vermooten, transport economist

To fly around empty seats doesn’t add to the welfare of South Africa.

Joachim Vermooten, transport economist

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the six most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


Recommended

by THE NEWSROOM

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Why companies pay ‘golden handshakes’

Why companies pay ‘golden handshakes’

The Money Show’s Bruce Whitfield interviews Khokhela Consulting MD Laurence Grubb.

'We should be cutting interest rates, but there’s so much uncertainty!'

'We should be cutting interest rates, but there’s so much uncertainty!'

South Africa’s repo rate remains unchanged at 6.75%. Bruce Whitfield interviews Nedbank economist Busisiwe Radebe.

Cape Town is set to make history and headlines around the world on 21 April 2018

Cape Town is set to make history and headlines around the world on 21 April 2018

For centuries it had abundant water supplies. That's over. Bruce Whitfield interviews Future Water Institute’s Dr Kevin Winter.

5 business building habits to develop for 2018

5 business building habits to develop for 2018

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

Strategies for reducing your exposure to Naspers

Strategies for reducing your exposure to Naspers

Naspers constitutes a whopping 20% of the Top 40 index. Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.

Meet Siza Mzimela, former SAA CEO and founder of start-up airline Fly Blue Crane

Meet Siza Mzimela, former SAA CEO and founder of start-up airline Fly Blue Crane

"I think it’s the one industry where women are better suited than men..."

Popular articles
Signal jammers and other devices confiscated at China Mall

Signal jammers and other devices confiscated at China Mall

Several communications devices were confiscated from businesses in a raid by Icasa at China Mall on Wednesday.

Trump confirms his first visit to Africa

Trump confirms his first visit to Africa

United States President Donald Trump has disclosed his first stop on an African visit.

'The university degree is dead'

'The university degree is dead'

Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Michiel le Roux speaks about the fascinating story behind the little bank that has the Big 4 shaking in their boots.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

5 ways the NSFAS funding model will change in 2017

5 ways the NSFAS funding model will change in 2017

The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.