SAA about to hit the wall - airline expert

A statement was made by the former head of SAA's Audit and Risk Committee, Yakhe Kwinana, that South African Airways (SAA) is at risk of going bust if it does not get another government bail-out.

The Midday Report's Stephen Grootes spoke to SA Flyer Magazine's Guy Lietch.

I think that it is about to hit the wall. All the points are coming together to one critical moment.

Guy Lietch , SA Flyer Magazine

The supposition or possibility that Jacob Zuma is using the airline as a pawn in his power game, as a lever, with Pravin Gordhan, is a strong possibility here.

Guy Lietch , SA Flyer Magazine

Lietch says the stakes have risen since the local government elections.

It certainly looks like he (Zuma) is prepared to put the airline on the line to get his particular way with Pravin Gordhan.

Guy Lietch , SA Flyer Magazine

The speculation is that a new finance minister would agree to grant the loan SAA so badly needs. The airline going bust would cause many customers to be let down and lose confidence in SAA. If Hong Kong closes down business with SAA, other destinations will follow suit, says Lietch.

Listen to the interview below:


Recommended

by NEWSROOM AI
Read More
[WATCH] Barack boogies with his grandma in Kenya

[WATCH] Barack boogies with his grandma in Kenya

Former US president Barack Obama endears the crowds with his dancing.

Stay out of the water: Swimmers warned of sewage spill on Clifton 1st Beach

Stay out of the water: Swimmers warned of sewage spill on Clifton 1st Beach

The Health Department has warned beachgoers to avoid the water on the Cape Town beach until further notice.

City cans Foreshore Freeway Precinct development

City cans Foreshore Freeway Precinct development

The economic outlook and the tender process are the reasons cited for the decision to stop the development of the foreshore project.

CT City confirms toxic coolant spilling into ocean

CT City confirms toxic coolant spilling into ocean

Companies are not allowed to dispose of coolant through the stormwater system.

[WATCH] SA dad and son beaten up by Mauritian surfer bullies

[WATCH] SA dad and son beaten up by Mauritian surfer bullies

Capetonian Kyle Kahn who has lived on Mauritius and has been surfing spots like Tamarin Bay for 18 months was beaten up by locals.

[WATCH] Massive avos dubbed 'avozillas' are as big as your face

[WATCH] Massive avos dubbed 'avozillas' are as big as your face

These avocados grown in Australia originated in South Africa.

Popular articles
Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

How to make money through ‘buy-to-let’ (using very little of your own money)

How to make money through ‘buy-to-let’ (using very little of your own money)

Bruce Whitfield interviews Francois Janse van Rensburg, author of “Making Money through Buy-To-Let in South Africa".

Meet Elmar Conradie, CEO of low-cost FlySafair (world’s most on-time airline)

Meet Elmar Conradie, CEO of low-cost FlySafair (world’s most on-time airline)

The Money Show’s Bruce Whitfield interviews Conradie for his “ShapeShifter” feature.

Still recourse for family after NPA leave Zuma's son scot-free for fatal crash

Still recourse for family after NPA leave Zuma's son scot-free for fatal crash

NPA allegedly let Duduzane Zuma off the hook, despite a magistrate ruling he must be held liable for a woman's death in car crash.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

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...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?