Should GEPF bail SAA out?
CH Roos KwaZulu-Natal
No, I do not agree under any circumstances to the Government Employees’ Pension Fund (GEPF) helping SAA out.
Frikkie Els Western Cape
Absolutely not. What madness! If they do consider such a move, they should first get the go-ahead in writing from at least 75% of their members.
Lucas Edwards North West
The GEPF must not allow this. This money will never be recovered.
No, it shouldn’t be loaned. SAA must be franchised. Its financial issues stem from its extremely poor management. It is run by the ruling party with no aviation experience. Most definitely not. The GEPF must not lend SAA any money. State-owned enterprises must employ competent people in all their structures and, if they can’t do that, they must be privatised.
Yes, a profitable airline is a brilliant investment. Change the board, institute criminal cases against looters and accomplices. There should be 100% compliance with the King IV Report on Corporate Governance, restructuring and reform, plus a new fleet with localisation in the deal. A R1 trillion investment for the entire process must go into the South African industry.
Sonwabile Mack via SMS
No, the GEPF should first consider lending money to contributing workers when they are in debt.
It’s both a political and economic joke. We are misdiagnosing the disease that affects SAA; the problem is about leadership, not money. SAA needs state intervention such as that at the SABC inquiry. GEPF must be principled.