Streaming issues? Report here
John Perlman 1500 x 1500 2020 John Perlman 1500 x 1500 2020
Afternoon Drive with John Perlman
15:00 - 18:00
volume_up
volume_mute

Up Next: The Money Show with Bruce Whitfield
See full line-up
Afternoon Drive with John Perlman
15:00 - 18:00
Home
arrow_forward
Local
fiber_manual_record
Business

'There is no justification to keep pumping money into SAA'

31 October 2018 9:11 AM
Tags:
SAA
SAA bailout
bailout
SOE's

Managing Editor at SA Flyer Magazine Guy Leitch and SAA spokesperson Tlali Tlali discuss the state of the airline.

Should taxpayer cash continue to be pumped into beleaguered national airline South African Airways (SAA)?

Managing Editor at SA Flyer Magazine Guy Leitch says historically the existence of SAA cannot be justified given what it has cost the fiscal to date.

This is money that was supposed to be used for service delivery to the poor certainly not for the subsidisation of an airline which is effectively a middle subsidy.

Guy Leitch, Managing Editor at SA Flyer Magazine

Last week, finance minister Tito Mboweni announced the airline would receive another bailout to the tune of R5-billion to help it settle its debts.

READ: SAA CEO justifies millions spent on execs and consulting firms

There has been little justification for the R30 billion or so that is being pumped into SAA so far to keep it afloat. If you divide it into the number of jobs it created then there is really no justification.

Guy Leitch, Managing Editor at SA Flyer Magazine

However, SAA spokesperson Tlali Tlali says based on the calculation done by experts it would cost MORE to close SAA that to salvage it.

Looking at the salvaging of things we are aware that SAA for a number years has not been performing very well.

Tlali Tlali, SAA Spokesperson

ALSO READ: SAA 'fixable' says CEO, and pledges R100k to charity if he can't turn it around

We need to redirect the conversation and look at what is happening right now. Ever since the new CEO took over last year, there has been considerable progress that has been made.

Tlali Tlali, SAA Spokesperson

Listen to both interviews below...


31 October 2018 9:11 AM
Tags:
SAA
SAA bailout
bailout
SOE's

More from Local

Nathaniel Julies

Three police officers accused in Nathaniel Julies's murder case denied bail

28 September 2020 4:33 PM

EWN Reporter Kgomotso Modise says the magistrate is not convinced there compelling circumstances for the accused to be released.

Share this:
Read More arrow_forward

chalk-board-classroom-class-desk-teacher-school-education-learnering-123rf

Matriculants urged to be inspired by fact that they've reached last stretch

28 September 2020 3:35 PM

Educator at the Pretoria Campus of the South African College Esmarie Cilliers says matrics should have realistic study schedule.

Share this:
Read More arrow_forward

Paedophile sexual abuse children 123rflifestyle 123rfhealth 123rf

KwaSizabantu people must look at the trauma they've caused - Sipho Hlongwane

28 September 2020 2:26 PM

Writer, journalist and columnist Sipho Hlongwane says what happened to him at KwaSizabantu Mission was very difficult.

Share this:
Read More arrow_forward

Sorry we closed small business 123rfbusiness 123rf

'Foreigners create work for South Africans,' says immigration lawyer

28 September 2020 1:28 PM

Lester Kiewit finds out from Stefanie de Saude-Darbandi what the proposed new law means for foreign business Gauteng townships.

Share this:
Read More arrow_forward

190508elections6jpg

IEC says it will clear backlogs, by-elections will be free and fair

28 September 2020 12:21 PM

The electoral commission will hold by-elections in 96 wards and 56 municipalities across the country.

Share this:
Read More arrow_forward

Mask South African flag coronavirus Covid-19 lockdown 123rf

'I went to a pub and had good fun but there was no social distancing, masks'

28 September 2020 11:13 AM

Clement Manyathela wants to know what the social scene is like now that clubs have reopened. Callers weigh in.

Share this:
Read More arrow_forward

house-mortgage-bond-home-rent-family-123rf

How to help siblings in blended families get along

27 September 2020 2:22 PM

Clinical psychologist Khosi Jiyane says parents must be sensitive to where the child is and move at the child's pace.

Share this:
Read More arrow_forward

ekurhulenijpg

'Downgrading of Ekurhuleni and Tshwane not helpful,' says economist Pheko

25 September 2020 4:24 PM

Trade Collective economist Lebogang Pheko says Ekurhuleni is a huge city that has done its best to meet many challenges.

Share this:
Read More arrow_forward

Alex SANDF

'Separation of security agencies and involvement in politics must be clear'

25 September 2020 3:05 PM

Executive director at Institute For Security Studies Dr Cilliers says there should be a clear separation between party and state

Share this:
Read More arrow_forward

whatsapp-image-2020-09-24-at-193855jpeg

Four alleged members of notorious Rolex gang to appear in court on Monday

25 September 2020 2:03 PM

Eyewitness News reporter Veronica Makhoali says police have confirmed that they were involved in high-end jewellery robberies.

Share this:
Read More arrow_forward

More from Business

Sorry we closed small business 123rfbusiness 123rf

'Foreigners create work for South Africans,' says immigration lawyer

28 September 2020 1:28 PM

Lester Kiewit finds out from Stefanie de Saude-Darbandi what the proposed new law means for foreign business Gauteng townships.

Share this:
Read More arrow_forward

Woman saving money piggy bank mask 123rf 123rfbusiness 123rflifestyle

Money lessons Covid-19 taught – heed them for a brighter, wealthier future

25 September 2020 10:44 AM

Your financial future – even if you have to start over – could be brighter than it would’ve been without the pandemic.

Share this:
Read More arrow_forward

cashless-paymentjpg

'SA cash economy about 60% of GDP, moving that to digital would be huge saving'

24 September 2020 8:39 PM

The Covid-19 pandemic's moving us towards a cashless society. Arabile Gumede interviews Ukheshe co-founder, Clayton Hayward.

Share this:
Read More arrow_forward

Small business owners entrepreneurs entrepreneurship 123rf 123rfbusiness

Retail Capital injects R500m into economy through Covid-relief for SMEs

24 September 2020 7:41 PM

'Smaller businesses have largely been ignored'. Arabile Gumede interviews Retail Capital CEO Karl Westvig.

Share this:
Read More arrow_forward

national_lottery.jpg

Diverted Lotto millions: 'Can we please get to holding people to account!'

24 September 2020 6:58 PM

Outa's Stefanie Fick urges the speedy investigation of allegations against the suspended COO of the National Lotteries Commission.

Share this:
Read More arrow_forward

Skyscrapers CBD Johannesburg 123rf 123rfbusiness

Long-term investment case for property in Africa remains intact

24 September 2020 1:38 PM

There’ll be many opportunities for frontier investors in the coming years, says Absa's Somaya Joshua.

Share this:
Read More arrow_forward

car-agreementjpg

Wheels come off for YapYap clients (recall the 'new car for R699 a month' guy?)

23 September 2020 8:00 PM

The originator of the scheme is the man behind the 'Drive a new car for R699 a month' fiasco years back, warns Wendy Knowler.

Share this:
Read More arrow_forward

wedding-mask-couple-Covid-19-123rf

Planning a wedding? Remember booking a bigger space for fewer people, costs more

23 September 2020 7:42 PM

Level 1 rules helping but also hindering the wedding industry. Get cost-saving tips from Precious Thamaga (Precious the Planner).

Share this:
Read More arrow_forward

factory-production-manufacturejpg

SA economy: 'Manufacturing remains an engine of growth and must be prioritised'

23 September 2020 6:53 PM

The sector is at a tipping point. Arabile Gumede interviews Philippa Rodseth from industry body, the Manufacturing Circle.

Share this:
Read More arrow_forward

BMW logo 123rf 123rfbusiness logo

[WATCH] Mzansi is loving BMW’s tribute to ‘igusheshe’ – the iconic BMW 325i

23 September 2020 9:26 AM

Khabazela shares some of the videos that went viral on Twitter and Facebook.

Share this:
Read More arrow_forward