We can no longer afford these ill-run SOEs | IOL News

South Africa News News

We can no longer afford these ill-run SOEs | IOL News
South Africa Latest News,South Africa Headlines
  • 📰 IOL
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

SAA is the first testing ground of the government’s resolve to apply Finance Minister Tito Mboweni’s dictum that we must ...

SAA enters the second day of a self-imposed shutdown today, pre-empting unions who vowed to do exactly the same thing after it was announced earlier this week that the embattled national flag carrier was considering laying off a fifth of its staff. The only surprise is that it has taken this long to grasp the nettle.

We know that our SOEs, with the exception perhaps of Telkom, are not just appallingly overstaffed and over-paid but that the levels of competency in many areas, especially technical, are parlous due to an insistence on cadre deployment. It is not just the SOEs that fall into this category: much the same can be said of the public service. Simply put - and disregarding the politics that underpins it - we literally can no longer afford these ill-run SOEs.

SAA is the first testing ground of the government’s resolve to apply Finance Minister Tito Mboweni’s dictum that we must start cutting our cloth to suit our purse. Many would argue that SAA is a vanity we neither need nor want, unlike Eskom.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

IOL /  🏆 46. in ZA

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.

Donald Trump set to ask Supreme Court to prevent release of tax returns | IOL NewsDonald Trump set to ask Supreme Court to prevent release of tax returns | IOL NewsPresident Donald Trump is set to turn to the U.S. Supreme Court in a bid to reverse a lower court ruling that directed his longtime accounting firm to hand over eight years of his tax returns to New York prosecutors.
Read more »

'Be strong my brother': Themba Godi sends support to Dr Iqbal Survé | IOL News'Be strong my brother': Themba Godi sends support to Dr Iqbal Survé | IOL NewsAfrican People's Convention president and former SCOPA Chair Themba Godi has penned an emotional letter to Sekunjalo Independent Media Chairman Dr Iqbal Survé.
Read more »

Actor Forest Whitaker to Cape Flats youth: You have capacity to bring change | IOL NewsActor Forest Whitaker to Cape Flats youth: You have capacity to bring change | IOL NewsForest Whitaker applauded the youth of the Cape Flats, who participated in a change maker's initiative he created which is the seventeenth in the world.
Read more »

Cash-strapped SAA to apply 'no-work-no-pay' policy for strike | IOL NewsCash-strapped SAA to apply 'no-work-no-pay' policy for strike | IOL NewsSAA said a “no-work-no-pay” principle will apply to employees who are expected to participate in a strike and said it workers who reported for duty would be allowed to work.
Read more »

Court hears how suspected rapist taunted police for not catching him earlier | IOL NewsCourt hears how suspected rapist taunted police for not catching him earlier | IOL NewsA serial rapist in the UK taunted police after his arrest, telling an officer: 'If you had caught me for the first two, the rest of this wouldn’t have happened,' a court heard.
Read more »

Black citizens bear brunt of unemployment, inequality in SA - StatsSA | IOL NewsBlack citizens bear brunt of unemployment, inequality in SA - StatsSA | IOL NewsStatsSA's latest report confirms glaring inequalities in South African society with black citizens bearing the brunt of record levels of unemployment.
Read more »



Render Time: 2025-02-27 12:08:30