Sunday Times


- WRITE TO: PO BOX 1742, Saxonwold 2132. SMS: 33971 E-MAIL: letters@businessti­ Mark Khoury, on BusinessLI­VE

Imagine, for a moment, an honest appraisal of SAA’s ‘rescue’

The SA Airways business rescue practition­ers should put out the following (more honest) statement on ending the business rescue process:

“We, the business rescue practition­ers of SAA, are delighted to report that we have substantia­lly completed the business rescue process of SAA and are in the position where we now have an airline that has effectivel­y no aircraft, essentiall­y no pilots, no money and no ‘business partner’ and, as a result, is not flying any passengers.

“This is a substantia­l improvemen­t on events preceding our involvemen­t as the airline is now in a position (as it is not operationa­l) where it is unlikely to incur the same level of losses seen in the past.

“We are also proud of the fact that with the (unwilling) assistance of the Treasury we have largely pacified the unions, our shareholde­r’s supporters, by paying out unnecessar­y retrenchme­nt packets.

“We would be remiss in not extending our thanks to the taxpayers of SA, who have ensured that we have been very generously remunerate­d for our very significan­t achievemen­ts.

“Finally, we wish Mr Gordhan well with his other state-owned enterprise interventi­ons and are convinced that they will end as successful­ly as this one.”

Nick Steen, on BusinessLI­VE

Only in this circus can a “business” that has been insolvent for many years, has done virtually no incomegene­rating business for a year but still had fixed costs to pay, suddenly become solvent.

I am sure management are going to give themselves a performanc­e bonus for their miraculous turnaround skills. Thinus Marais, on BusinessLI­VE

What’s up with inflation?

I am no economist, but this inflation thing is strange. Since last year the price of food and cleaning items has rocketed. Every week several items are more expensive.

How can it then be that inflation goes down? Is the average basket so weighted that food does not influence inflation?

Andrea Robertson, on BusinessLI­VE

Lockdowns don’t work

The first lockdown didn’t stop the first wave, the second lockdown had no effect on the second wave, which rose and fell regardless, and a third/fourth/nth lockdown will not flatten any subsequent curve.

Alexandr Steinberg, on BusinessLI­VE

It is now crystal clear the world over that lockdowns achieve very little, if nothing at all.

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