Streaming issues? Report here
Kieno Kammies 2019 1500 BW
Today with Kieno Kammies
09:00 - 12:00
volume_up
volume_mute

Up Next: The Midday Report
See full line-up
Today with Kieno Kammies
09:00 - 12:00
Home
arrow_forward
Business
arrow_forward
Opinion
arrow_forward
Politics

'SAA’s collapse plays nicely into hands of a politically constrained Ramaphosa'

6 December 2019 9:35 AM
Tags:
South African Airways
SAA
Cyril Ramaphosa
Tito Mboweni
The Money Show
Bruce Whitfield
Business rescue
Pieter du Toit
news24
SAA business rescue
After dithering for fear of spending political capital, SAA is now out of the President’s hands, says Pieter du Toit (News24).

What’s happening at the 85-year-old South African Airways (SAA) is playing nicely into the hands of President Cyril Ramaphosa, writes News24 Assistant Editor Pieter du Toit.

President Cyril Ramaphosa on 26 August 2019. Picture: @PresidencyZA/Twitter

SAA is under business rescue; creating distance between Ramaphosa and the deep trauma the airline will now inevitably face after years of dithering.

A far-reaching economic restoration process has begun, argues Du Toit.

The airline is just the first of many casualties in this fiscal restoration process.

The Money Show’s Bruce Whitfield interviewed Du Toit.

Treasury is clear - the biggest danger to the fiscus is our state-owned enterprises and the excessive public wage bill. The President hasn’t shown decisive leadership on these issues, because of political reasons. He’s constrained inside of the ANC… He needs to keep his fragile coalition together… He couldn’t go out and wield an axe (at SAA) … He can now say it’s out of his hands…

Pieter du Toit, Assistant Editor - News24

It’s going to be such an awkward and weird experience for this government to lose control of an entity like SAA. It’s a precursor to what could happen at Eskom…

Pieter du Toit, Assistant Editor - News24

The sad thing about this… it is eminently preventable. There is no reason for us to be in this position, bar ANC dogma!

Pieter du Toit, Assistant Editor - News24

Listen to the interview in the audio below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : 'SAA’s collapse plays nicely into hands of a politically constrained Ramaphosa'


6 December 2019 9:35 AM
Tags:
South African Airways
SAA
Cyril Ramaphosa
Tito Mboweni
The Money Show
Bruce Whitfield
Business rescue
Pieter du Toit
news24
SAA business rescue

More from Business

microsoftgif

Here's how Microsoft plans to be carbon negative by 2030

21 January 2020 7:25 AM

Software superpower Microsoft announces various plans to cut its own carbon emissions by more than half over the next 10 years.

Share this:
Read More arrow_forward

1530282457-34-mm-b-2017png

TV anchor Macfarlane Moleli talks money

20 January 2020 8:22 PM

Macfarlane Moleli tells The Money Show how he structures his life and sets goals.

Share this:
Read More arrow_forward

141126spotify.jpg

The stock picks of the day: Salesforce, Spotify and Standard Bank

20 January 2020 7:59 PM

The pick of the day's crop as chosen by Caroline Cremen, Portfolio Manager, Adviceworx.

Share this:
Read More arrow_forward

Mulitplug adaptor plug switch electricity energy 123rfpolitics 123rf

Seize this opportunity to make Eskom board fit for purpose

20 January 2020 7:39 PM

“ Government must ensure that state-owned entities have boards with the right mix of skills to fulfil their mandates."

Share this:
Read More arrow_forward

internet.jpg

When will the broken internet cables be fixed?

20 January 2020 7:31 PM

Damaged undersea cables frustrated many SA internet users this week. We get an update on the situation - and a backup plan.

Share this:
Read More arrow_forward

brexit-referendum-ukjpg

How will Brexit affect UK trade with Africa?

20 January 2020 6:23 PM

The UK-Africa summit is underway and after Brexit, the UK reportedly wants to boost trade with our continent.

Share this:
Read More arrow_forward

business-deal-interview-job-office-boss-123rfjpg

Lying on your CV or LinkedIn profile could land you in jail under new NQF Act

20 January 2020 4:43 PM

Think twice before fabricating or over-stating your qualifications.

Share this:
Read More arrow_forward

uct-reusablejpg

UCT Graduate School of Business wins 'MBA Olympics' – 1st for an African school

20 January 2020 2:13 PM

It's the largest, most-prestigious MBA competition in the world - 36 business schools from around the world took part.

Share this:
Read More arrow_forward

School learner pupil reading classroon 123rfeducation 123rflifestyle 123rf

By 2025, a good public school will probably cost about R50 000 per year

20 January 2020 11:52 AM

Education inflation is at about 10%, says Old Mutual. The implications are terrifying. Gerald Mwandiambira (CFP) has advice.

Share this:
Read More arrow_forward

cabinet-stella-2jpegjpg

Minister Ndabeni-Abrahams blew tax money on her wedding anniversary - report

20 January 2020 11:06 AM

She allegedly did it without President Cyril Ramaphosa’s permission, as required by the Ministerial Handbook.

Share this:
Read More arrow_forward

More from Opinion

School learner pupil reading classroon 123rfeducation 123rflifestyle 123rf

By 2025, a good public school will probably cost about R50 000 per year

20 January 2020 11:52 AM

Education inflation is at about 10%, says Old Mutual. The implications are terrifying. Gerald Mwandiambira (CFP) has advice.

Share this:
Read More arrow_forward

200117enockgif

'Enock Mpianzi is dead, simply because he was small and unseen'

20 January 2020 11:48 AM

CapeTalk presenter Lester Kiewit shares his heartfelt and moving thoughts on the tragic death of the young Parktown High pupil.

Share this:
Read More arrow_forward

Malawi.jpg

Famine looming: 45m Southern Africans – an all-time record – need food aid

20 January 2020 9:49 AM

"It’s millions! It’s millions! The next stage… is famine," warns Gerald Bourke, a spokesperson for the UN World Food Programme.

Share this:
Read More arrow_forward

dont-fuck-with-cats-netflixpng

[REVIEW] Why you should binge-watch 'Don’t F**k with Cats' on Netflix

17 January 2020 2:24 PM

"I was convinced it wasn’t real. It was only after the 2nd episode that I realised this actually happened," says Mvelase Peppetta.

Share this:
Read More arrow_forward

Homeless unemployed poverty

Telkom to retrench 3000: 'Unemployment now worse than during Great Depression'

16 January 2020 11:32 AM

We’re starting to see capitulation [by companies giving up on the economy recovering], says Nedbank Chief Economist Dennis Dykes.

Share this:
Read More arrow_forward

religion-peace-religious-symbols-islam-budaism-buddhism-christianity-hindu-123rf

Religion in schools: What should we replace it with?

16 January 2020 10:17 AM

“Let’s create something not based on religion but on ways of being in the world. It could unify us,” says Lisa Joshua Sonn.

Share this:
Read More arrow_forward

Banana-with-condom-yellow-background-Safe-sex-concept-STI-STD-sexuality- 123rf

Sex education: 'Parents will be shocked'

13 January 2020 11:18 AM

Support material for teachers is "really causing consternation", warns Basil Manuel, President of teacher union Naptosa.

Share this:
Read More arrow_forward

Electricity meter

Should Eskom charge more when electricity demand is high and less when it's low?

13 January 2020 9:50 AM

Eskom is considering the introduction of “Critical Peak Day Pricing”. Refilwe Moloto interviews energy advisor Mike Rossouw.

Share this:
Read More arrow_forward

Black-busines-woman-entrepreneur-job-freelancer-laptop-career-goals-startup123rf

I feel quite strongly about this: No more favours in 2020, declares Refilwe

13 January 2020 9:40 AM

CapeTalk presenter Refilwe Moloto says she's done with being taken for granted and shares her outlook on invoiceable work.

Share this:
Read More arrow_forward

business-deal-interview-job-office-boss-123rfjpg

Nerisha Singh 'ghosted' by corporate SA after exposing sexual harassment

10 January 2020 5:18 PM

Former director Nerisha Singh says she's felt the costs of speaking out.

Share this:
Read More arrow_forward

More from Politics

South Africa law justice courts state capture 123rfjustice 123rflaw 123rf

Government employees are now in direct line of fire, says Karyn Maughan

21 January 2020 7:35 AM

Legal journalist Karyn Maughan explains the SIU's special tribunal's first case staring on Tuesday.

Share this:
Read More arrow_forward

150609NeilAggett.jpg

Apartheid-era police will be subpoenaed to testify in Neil Aggett inquest

20 January 2020 1:47 PM

Almost 38 years after his death, a fresh investigation into the death of anti-apartheid activist Neil Aggett has been opened.

Share this:
Read More arrow_forward

150323-Marriage.jpg

SAHRC to pursue case of same-sex couple refused at Cape Town wedding venue

20 January 2020 1:45 PM

The lesbian couple has launched a case with the SA Human Rights Commission after the venue refused to host their wedding.

Share this:
Read More arrow_forward

Herman Mashaba

Our movement for change is coming! - Mmusi Maimane

20 January 2020 1:16 PM

"… we are definitely going to participate in the 2021 local government elections...," says former Joburg mayor Herman Mashaba.

Share this:
Read More arrow_forward

cabinet-stella-2jpegjpg

Minister Ndabeni-Abrahams blew tax money on her wedding anniversary - report

20 January 2020 11:06 AM

She allegedly did it without President Cyril Ramaphosa’s permission, as required by the Ministerial Handbook.

Share this:
Read More arrow_forward

Refilwe Moloto (crop and deep etch)

Is Davos really necessary, asks Refilwe?

20 January 2020 8:17 AM

WEF is just a new version of the same speeches every year with little imagination coming from the podium, says Refilwe Moloto.

Share this:
Read More arrow_forward

181126 Pravin Gordhan1

If Pravin Gordhan does leave, it will be of his own accord - Melanie Verwoerd

19 January 2020 1:57 PM

The political analyst discusses pressure on the Public Enterprises minister and the president amid crucial weekend ANC meetings.

Share this:
Read More arrow_forward

c01e9707-0b6f-42c1-af14-95154785369d.jpg

'Curbing powers of SGBs not the way to end corruption in school appointments'

19 January 2020 10:14 AM

Fedsas CEO Paul Colditz argues against a proposed amendment to reduce role of SGBs in appointing principals, deputies, dept heads.

Share this:
Read More arrow_forward

180321rabadajpg

[VIDEO] Rabada banned from next Test for celebrating dismissal of Joe Root

17 January 2020 1:59 PM

Kagiso Rabada can't be faulted for what he did in the SA vs England Test series, says sports journo Stuart Hess.

Share this:
Read More arrow_forward

191020mmusi

Zille: DA and UDM aren't having specific talks about NMB coalition yet

16 January 2020 1:47 PM

The DA's Helen Zille confirms that she's been engaged in discussions with UDM leader Bantu Holomisa after a recent trip to Germany.

Share this:
Read More arrow_forward