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Financial Mail - - YOU SAID... - Nick Miller Jo Burger Hans Buss­cher Michele Mar­shall Sean Hay Adrien Mcguire

Though SAA can’t match its ri­vals’ fares in Africa and else­where and is a huge fi­nan­cial drain, gov­ern­ment will not en­ter­tain thoughts of pri­vati­sa­tion, say­ing job losses would be too se­vere and that there are plans to re­turn the na­tional car­rier to prof­itabil­ity in 2021.

How much will it cost the SA tax­payer to fund losses un­til 2021 when, sup­pos­edly, SAA will be­come prof­itable?

I would rather bet that pigs will fly by 2021 than that SAA will re­port a profit that year. In the long run it will be cheaper to give em­ploy­ees pack­ages as it is not them who are the cause of the big ex­penses at SAA. “Job losses would be too se­vere”? So you’re bor­row­ing bil­lions of rands an­nu­ally to keep hun­dreds of peo­ple in jobs in a loss-mak­ing com­pany. Now that makes per­fect sense . . .

Name and shame Stein­hoff deal mak­ers, as it emerges that the big-money deal mak­ers ran the show.

Let us see some of these whitecol­lar crim­i­nals be pros­e­cuted and spend time in jail.

Pres­i­dent Cyril Ramaphosa’s in­vest­ment dream team has its work cut out as in­vestors need cer­tainty if they are to put money into ven­tures for five or 30 years.

If you thought get­ting rid of Ja­cob Zuma would solve SA’S prob­lems, then you did not un­der­stand the prob­lem. Like doc­tors and lawyers, pro­fes­sion­als all stick to­gether in times of cri­sis. We have KPMG (and oth­ers) in­volved in scan­dal af­ter scan­dal and yet these pro­fes­sion­als re­sist fur­ther over­sight and good gov­er­nance.

If there were ever a time to shake up the pro­fes­sional bod­ies, it is now.

None of the pro­fes­sions is too big, too pow­er­ful or too hon­est to con­tinue with­out proper reg­u­la­tion.

When it comes to au­di­tors, the big­gest losers are in­vestors and share­hold­ers. Doc­tors bury their mis­takes and lawyers charge at a level that makes jus­tice for the rich only.

There has to be an ethos of charg­ing trans­gres­sors crim­i­nally, and do­ing so quickly.

Time costs money for the vic­tims and I would guess that many cases are dropped be­cause the vic­tims run out of money and can no longer af­ford jus­tice.

Let’s see some au­di­tors in orange jump­suits — soon.

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