SAA a symbol of how poorly SOEs are managed in SA, says Moneyweb editor

The troubles facing national carrier South African Airways (SAA) are indicative of the poor governance at state-owned enterprises (SOEs), says Moneyweb editor Ryk van Niekerk.

SAA is apparently losing as much as R370 million a month, van Niekerk explains.

Over the past five years, SAA has lost R15.7 billion.

 Ryk van Niekerk, editor of Moneyweb

It's a disaster. The company is bankrupt.

 Ryk van Niekerk, editor of Moneyweb

The amounts are astounding and its taxpayers that have to foot that bill.

 Ryk van Niekerk, editor of Moneyweb

The bailouts that SAA has received since 1999 amount to just over R30 billion.

He says SAA is doing very well at an operational level, but faces core problems at a management and board level.

Take a listen:


CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Malusi Gigaba rules out privatisation of SAA

Malusi Gigaba rules out privatisation of SAA

Finance minister, Malusi Gigaba, appeared before Parliament's finance committee on Friday morning.

New CEO Jarana must stem the bleeding of SAA cash flow - Guy Leitch

New CEO Jarana must stem the bleeding of SAA cash flow - Guy Leitch

Numsa is marching against poor working conditions at SAA and corruption in the company.

Fundamental problem with SAA is how it has been lead - Gigaba

Fundamental problem with SAA is how it has been lead - Gigaba

On Thursday, National Treasury confirmed that new SAA CEO is Vodacom group executive Vuyani Jarana.

DA encouraged by the new SAA CEO appointment

DA encouraged by the new SAA CEO appointment

Alf Lees, DA shadow deputy finance says Vuyani Jarana has an impressive track record at Vodacom.

Politicians and tenderpreneurs bleeding SAA dry - Mantshantsha

Politicians and tenderpreneurs bleeding SAA dry - Mantshantsha

Treasury confirmed over the weekend a further R2.3 billion bailout for the cash-strapped national carrier.

[LISTEN] What's happening to SAA may be the beginning of the end

[LISTEN] What's happening to SAA may be the beginning of the end

Stepehen Grootes spoke to Guy Leitch, Editor of FlySA Magazine.

SAA marred by lack of good governance says analyst

SAA marred by lack of good governance says analyst

The National Treasury announced on Saturday that it will financially bailout the ailing South African Airways.

Popular articles
Oscar's family unhappy with producers as movie makes SA debut this weekend

Oscar's family unhappy with producers as movie makes SA debut this weekend

The movie stars Joburg-born actor Andreas Damm as Pistorius and Victoria Secret model Toni Garrn as Reeva Steenkamp.

Statement to remove LLB programme from SA universities is misleading: Max Price

Statement to remove LLB programme from SA universities is misleading: Max Price

Max Price says Council on Higher Education's announcement that UKZN, UCT and UL could lose their LLB accreditation is not right.

DStv subscriber? ANN7 thanks you for the payday!

DStv subscriber? ANN7 thanks you for the payday!

Bruce Whitfield interviews Outa’s Wayne Duvenhage about his open letter to MultiChoice, who will pay ANN7 R245 million.

Is taking items from the hotel room stealing?

Is taking items from the hotel room stealing?

Tsogo Sun Cape regional manager explains which items are free to be taken home by guests and why.

WATCH: Innovative spray limits toilet flushes and saves water

WATCH: Innovative spray limits toilet flushes and saves water

Loo Me is a simple yet effective scented foam that takes the yuck out of "mellowing" toilets preventing multiple flushes.