SAA about to hit the wall - airline expert

A statement was made by the former head of SAA's Audit and Risk Committee, Yakhe Kwinana, that South African Airways (SAA) is at risk of going bust if it does not get another government bail-out.

The Midday Report's Stephen Grootes spoke to SA Flyer Magazine's Guy Lietch.

I think that it is about to hit the wall. All the points are coming together to one critical moment.

Guy Lietch , SA Flyer Magazine

The supposition or possibility that Jacob Zuma is using the airline as a pawn in his power game, as a lever, with Pravin Gordhan, is a strong possibility here.

Guy Lietch , SA Flyer Magazine

Lietch says the stakes have risen since the local government elections.

It certainly looks like he (Zuma) is prepared to put the airline on the line to get his particular way with Pravin Gordhan.

Guy Lietch , SA Flyer Magazine

The speculation is that a new finance minister would agree to grant the loan SAA so badly needs. The airline going bust would cause many customers to be let down and lose confidence in SAA. If Hong Kong closes down business with SAA, other destinations will follow suit, says Lietch.

Listen to the interview below:

Read More
Bathabile Dlamini and Sassa no-shows at Parly meeting

Bathabile Dlamini and Sassa no-shows at Parly meeting

Sassa sent a letter on Tuesday night saying it had nothing meaningful to report says EWN reporter Lindsay Dentlinger.

The Fringe: Sex toys have moved out from under the covers

The Fringe: Sex toys have moved out from under the covers

Sex toy consultant at Pure Romance chats to Sara-Jayne King about the products and how they help couples find one another again.

Smartphone multitasking can hinder varsity students ability to study - research

Smartphone multitasking can hinder varsity students ability to study - research

Stellenbosch University's Cognition and Tech Research Group Daniel Le Roux explains the effect of media multitasking on cognition.

[Watch] Malema: Cabinet reshuffle to bolster nuke deal

[Watch] Malema: Cabinet reshuffle to bolster nuke deal

EFF leader Julius Malema says reshuffle aims to strengthen faction before December conference which will see the demise of ANC.

Watch: John Maytham remembering Philip Kgosana

Watch: John Maytham remembering Philip Kgosana

As De Waal Drive is officially renamed Philip Kgosana Drive today in Cape Town, John remembers the man and his legacy.

IQ tests are useful (if they are interpreted properly)

IQ tests are useful (if they are interpreted properly)

Clinical psychologist Prof Ann Edwards says they can be very predictive but with a big proviso that they are used appropriately.

Popular articles
Estate agent Aida admits it’s the source of SA’s largest data hack ever

Estate agent Aida admits it’s the source of SA’s largest data hack ever

The Money Show’s Bruce Whitfield interviews Stuff magazine’s Toby Shapshak.

UCT engineering student creates affordable grey water system

UCT engineering student creates affordable grey water system

Nkosinathi Nkomo came up with a system that could turn grey water into usable water amidst the Cape Town water crisis.

Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

The Money Show’s Bruce Whitfield interviews the former CEO of Africa’s largest retailer by far.

CT airport shooting attempted hit on gang boss allegedly linked to '28s' -expert

CT airport shooting attempted hit on gang boss allegedly linked to '28s' -expert

A policing expert explains that the airport shooting may be linked to the shooting at a Stellenbosch nightclub this past weekend.

Almost 30 million SA ID numbers compromised after site hacked

Almost 30 million SA ID numbers compromised after site hacked

Independent Marketing Consultant in the Technology Space, Andrew Fraser says this looks like a leak and not a hack.

Cape Town International Airport shooting could be gang related - ACSA

Cape Town International Airport shooting could be gang related - ACSA

The incident happened in the early hours of Wednesday morning.