South African Airways can’t be saved. That’s the view from the Free Market Foundation.
This follows the announcement that the airline will be undergoing radical restructuring aimed at ensuring operational and financial sustainability.
The foundation’s Terry Markman, says politicians should keep away from State-Owned Entities.
“SAA hasn’t made a profit for 10 years and we think it owes something like 20-30 billion rands. All this restructuring hasn’t helped.”
“I think it’s all politics. If politicians had nothing to do with it, we may well have had an airline that could fly. Politicians should have nothing to do with business whatsoever.”
In other news – New details emerge on Black Coffee & Enhle Mbali’s scandal – He broke up with her via an Email
World-famous DJ Black Coffee‘s divorced from Enhle Mbali Mlotshwa continues to hog headlines. Yesterday our sister paper City Press reported the DJ, real name Nkosinathi Maphumulo, broke up with his celebrity wife via a long email.