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The ANC must accept that SAA’s days are over

Editorials 10 months ago

Even if there were no global air travel meltdown, SAA would have been difficult to sustain as a business operation.


05 May 2020
PREMIUM!
The ANC must accept that SAA’s days are over

SAA planes at OR Tambo International Airport, 14 November 2019. Picture: Neil McCartney

In buckling to pressure from its leftist allies and announcing it will try to revive the dead duck which is South African Airways, the ANC is ignoring reality, both local and global. SAA’s debts are enormous, although nowhere near the scale of the other bottomless pit state-owned enterprise, Eskom. The only sensible way to pay off some of that debt would be to liquidate the airline and sell its assets. That is precisely what the business rescue practitioners, appointed earlier this year to turn around SAA, have tried to do. The bitter national reality is that there simply is not...

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