SAA’s battle for existence lies with consecutive boards, their executive and senior management teams, and the government, writes Simon Mantell
Politics attracts neither the brightest nor the best, so it is little wonder that government ministers have failed to appoint ‘real’ directors to SAAstrike action will probably result in a fatal stall for the airline, which has burned through a reported R28bn in National Treasury bail-outs since 2007.
It is they who have appointed the SAA board of directors, who have in turn appointed CEOs, acting CEOs and executive management to run SAA. As space does not allow a detailed analysis of the SAA group income statement, the headline observation since 2007 is that, on average, smoothed out expenses have exceeded revenue by R2.5bn a year, resulting in the inevitable bailouts from the treasury.
Had SAA boards implemented sound internal controls all those years ago, it is not inconceivable that savings of 10% of annual procurement, or R2bn, would have been made each year. Politics attracts neither the brightest nor the best, so it is little wonder that government ministers have failed to appoint “real” boards of directors to SAA. Had proper boards been appointed, there would have been none of the pie-in-the sky, “” trotted out each year at press conferences, because CEOs with the appropriate and proven experience and capability would have been appointed from 2007 onwards to provide direction and effect the necessary changes required.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Don't blame us, say SAA unions after threat of 'radical restructuring'The National Union of Metalworkers of South Africa (Numsa) and the South Africa Cabin Crew Association (Sacca) have rejected sentiments in the public enterprises department that they caused damage to the airline's reputation.
Read more »
Don't blame us, say SAA unions after threat of 'radical restructuring'The National Union of Metalworkers of South Africa (Numsa) and the South Africa Cabin Crew Association (Sacca) have rejected sentiments in the public enterprises department that they caused damage to the airline's reputation.
Read more »
Malema, blame ANC policies, not white appointment, for EskomWhere in the world have you had a democratically elected government tolerating the blatant incompetence and corruption in such a critically important public utility as Eskom?
Read more »
Ramaphosa says SA will need around R126bn to ensure water security | IOL NewsPresident Cyril Ramaphosa has blamed corruption as being a significant contributor in the water and drought crisis currently facing the country.
Read more »
Bid to have Dudu Myeni declared a delinquent director will go onThe high court in Pretoria dismissed two court applications launched by the former SAA director
Read more »