Close SAA, it’s draining taxpayers’ money
FOR some years, SA Airways has been operating at a loss. It is struggling financially and taxpayers cannot go on bailing it out with amounts running into billions of rand to keep it afloat.
This is bad business, and the ANC government should know that. Many foreign carriers operate between South Africa and other countries – the service is excellent to any part of the world.
Public Enterprises Minister Pravin Gordhan said the carrier was a poorly run business and was marred by corruption.
SAA will not run profitably and competently, and if it continues to operate, it will still face financial losses and the South African taxpayer will have to bail it out.
It would be better to sell SAA to a private enterprise. Better still, Finance Minister Tito Mboweni said at an investment conference in New York that SAA should be closed because it could not be turned around. Mboweni’s thinking is practical.
I believe the best option is to close SAA. A decision must be made quickly to stem the flow of taxpayers’ money keeping SAA afloat. ISMAIL M MOOLLA uMzinto