What’s happening at the 85-year-old South African Airways (SAA) is playing nicely into the hands of President Cyril Ramaphosa, writes News24 Assistant Editor Pieter du Toit.
SAA is under business rescue; creating distance between Ramaphosa and the deep trauma the airline will now inevitably face after years of dithering.
A far-reaching economic restoration process has begun, argues Du Toit.
The airline is just the first of many casualties in this fiscal restoration process.
Treasury is clear - the biggest danger to the fiscus is our state-owned enterprises and the excessive public wage bill. The President hasn’t shown decisive leadership on these issues, because of political reasons. He’s constrained inside of the ANC… He needs to keep his fragile coalition together… He couldn’t go out and wield an axe (at SAA) … He can now say it’s out of his hands…— Pieter du Toit, Assistant Editor - News24
It’s going to be such an awkward and weird experience for this government to lose control of an entity like SAA. It’s a precursor to what could happen at Eskom…— Pieter du Toit, Assistant Editor - News24
The sad thing about this… it is eminently preventable. There is no reason for us to be in this position, bar ANC dogma!— Pieter du Toit, Assistant Editor - News24
Listen to the interview in the audio below.
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