Daily Dispatch

Court decision an indictment on government

-

his week’s finding of the Gauteng high court that former SAA chair Dudu Myeni was dishonest, reckless and grossly negligent, and should never again serve as a director of a company, is a victory for honourable and patriotic South Africans and an indictment of our government.

Government and the ruling party’s selfservin­g inaction to hold to account corrupt politician­s and their acolytes in powerful positions throughout the state means that private citizens and institutio­ns, like Outa (the Organisati­on Undoing Tax Abuse) in the current case, increasing­ly must commit time and resources to bring to book the miscreants.

It remains to be seen if the NPA will assess — without fear of political interferen­ce — the merits of further criminal investigat­ion and eventual prosecutio­n of Myeni, based on judge Ronel Tolmay’s judgment.

Myeni is neither the first nor the only scoundrel at SAA to have gone rogue and not to have cared about individual fiduciary duty to the company, or collective responsibi­lity to the people of this country. Many at other state-owned companies have been complicit in the theft of state resources, even if they did not directly set out to defraud the country. But Myeni’s tenure, first as a director since 2009 — the same year Jacob Zuma became SA’s president — and as chair from 2012, tracks the worst financial years of the airline.

Over the past two decades, the government has handed over R50bn in cash and guarantees to Airways Park executives, ostensibly to keep the national airline flying.

The recent hole in SAA’s books must be attributed squarely to Myeni’s crooked ways and the supine, incompeten­t managers who did her bidding.

An effective board and executive team, committed to the national interest and with their attention fixed on running a clean and efficient operation at SAA, would have had no problem in dealing with the challenges attendant on modern airlines. Such a team would have sought meaningful industry partnershi­ps, minimised fleet costs, streamline­d unprofitab­le or non-strategic routes, and cut jobs from the bloated workforce.

Alternativ­ely, it would have realised it was simply impossible to carry on running the airline under any circumstan­ces at all, and reported to the government the merits of a complete withdrawal from the industry.

Now, the business rescue practition­ers and a coterie of consultant­s must undertake this job at further cost to the airline. The government, through public enterprise­s minister Pravin Gordhan, lost in the fog of public sector union demands, continues to punt this overpriced internatio­nal vanity project.

Others committed to the national interest, like Outa in the Myeni case, must overcome the government’s costly intransige­nce.

TMyeni is neither the first nor the only scoundrel at SAA to have gone rogue and not to have cared about individual fiduciary duty to the company

Newspapers in English

Newspapers from South Africa