SAA marred by lack of good governance says analyst

Finance Minister, Malusi Gigaba has received harsh criticism from economists for giving into the demands of South African Airways (SAA).

Dr Tim London, senior lecturer at the Allan Gray Centre for Values Based Leadership, The Graduate School of Business at UCT spoke to CapeTalk's, Africa Melane about this.

London says there has since been a call for a turnout strategy for the airline as well as a possible recall of SAA chairperson, Dudu Myeni.

There's also been a call for the appointment for a CEO who they feel is competent enough to run the place.

Dr.Tim London, The Graduate School of Business at UCT

London says the airline needs a turnaround plan that is concrete and finds it mind boggling that there hasn't been one to begin with. He says the problems at SAA are governance issues.

The issue is it shouldn't have gotten to an exceptional nature.

Dr.Tim London, The Graduate School of Business at UCT

Part of the turnaround strategy may need to involve privatisation of the state owned airline.

Listen to the analysis in the clip below:


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
Concerns raised over SAA's R2.3 billion bailout

Concerns raised over SAA's R2.3 billion bailout

The National Treasury announced on Saturday that it will financially bail out the ailing South African Airways (SAA), once again.

"There will probably be a new SAA board chairperson very shortly" - Yunus Carrim

"There will probably be a new SAA board chairperson very shortly" - Yunus Carrim

SA Cabin Crew Association is laying charges against SAA board and executives for mismanagement of funds.

SAA chair Dudu Myeni flies British Airways to Parly meeting

SAA chair Dudu Myeni flies British Airways to Parly meeting

Myeni allegedly argued the earlier Mango flight did not have business class.

Public clash in Parliament between two ANC MPs over SAA saga

Public clash in Parliament between two ANC MPs over SAA saga

The two MPs Peace Mabe and Yunus Carrim, who belong to the same party, exchanged unpleasant words while discussing issues at SAA.

SAA chair Myeni didn't intend on misrepresenting Airbus details, lawyers argue

SAA chair Myeni didn't intend on misrepresenting Airbus details, lawyers argue

Myeni was found to be in breach of the Companies Act after she allegedly misrepresented a board decision to lease 10 new planes.

Outa files application to have SAA's Myeni declared a delinquent director

Outa files application to have SAA's Myeni declared a delinquent director

Organisation Undoing Tax Abuse's Wayne Duvenage says the organisation has laid 6 charges against Dudu Myeni.

"Flights will be grounded if winds are showing out of limit" #CapeStorm

"Flights will be grounded if winds are showing out of limit" #CapeStorm

Shorthaul flights such as Joburg-Cape Town rely on pilot decision making on whether to fly or not says aviation expert Guy Leitch.

PSA move to rejoin FEDUSA takes membership to over 700 000

PSA move to rejoin FEDUSA takes membership to over 700 000

The Public Servants Association said its decision to rejoin Fedusa is to strength its power.

Eskom, SABC, SAA… There’s an almighty battle raging for the soul of our SOEs

Eskom, SABC, SAA… There’s an almighty battle raging for the soul of our SOEs

The Money Show’s Bruce Whitfield interviews Econometrix Chief Economist Dr Azar Jammine.

Cash strapped SAA has funds locked up in other African countries

Cash strapped SAA has funds locked up in other African countries

Deputy finance minister Sfiso Buthelezi told Parliament that SAA and Treasury are working on getting the estimated R1 billion back.

Popular articles
So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Shop 'til you drop: The top 'Black Friday' deals this week

Shop 'til you drop: The top 'Black Friday' deals this week

Start your Christmas shopping off with a bang at these major retailers offering some impressive discounted sales for Black Friday.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

How Naspers paid peanuts for Tencent (China’s most valuable company)

How Naspers paid peanuts for Tencent (China’s most valuable company)

In 2001 Naspers invested $32 million in (then tiny) Tencent. Learn more about the wildly profitable Chinese behemoth...

'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.

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?