”We expect more from the company and its leadership in this area,” said Jonas after acknowledging that the airline was making progress with its turnaround strategy involving at least R14.4bn so far in loan guarantees.
Jonas told MPs during debate on Treasury’s budget that a process to finalise appointment of a board was underway and once appointed, the board would have to appoint competent executives in the vacant positions of CEO and CFO, among others.
The authority over SAA’s board falls under the Treasury since 2014.
Once the board is in place, they will speed up the company’s long term strategy, including rationalising the government’s airline businesses.
”Once all of these are implemented, government will be in a position to consider possible support that would enable SAA to table its annual financial statements for the last two years, as a going concern,” said Jonas.
Call for privatisation Freedom Front Plus MP Pieter Groenewald said SAA had already had 10 turnaround strategies and he hoped this one would work.He said the airline was bankrupt and had not been submitting financial statements, but still hoped to get more money from the Treasury.He recommended privatising SAA because, according to him, the airline had received at least R30bn in subsidies since 1990.He also questioned why the airline was sponsoring national soccer team Bafana Bafana when it had no money.”I would have thought that you would sponsor a team that wins now and then. They are about in 70th position on world rankings.”Privatise so that it is no more a burden for the taxpayers of South Africa.”
Watch Pauli van Wyk’s Cat Play The Piano Here!
No, not really. But now that we have your attention, we wanted to tell you a little bit about what happened at SARS.
Tom Moyane and his cronies bequeathed South Africa with a R48-billion tax shortfall, as of February 2018. It's the only thing that grew under Moyane's tenure... the year before, the hole had been R30.7-billion. And to fund those shortfalls, you know who has to cough up? You - the South African taxpayer.
It was the sterling work of a team of investigative journalists, Scorpio’s Pauli van Wyk and Marianne Thamm along with our great friends at amaBhungane, that caused the SARS capturers to be finally flushed out of the system. Moyane, Makwakwa… the lot of them... gone.
But our job is not yet done. We need more readers to become Maverick Insiders, the friends who will help ensure that many more investigations will come. Contributions go directly towards growing our editorial team and ensuring that Daily Maverick and Scorpio have a sustainable future. We can’t rely on advertising and don't want to restrict access to only those who can afford a paywall subscription. Membership is about more than just contributing financially – it is about how we Defend Truth, together.
So, if you feel so inclined, and would like a way to support the cause, please join our community of Maverick Insiders.... you could view it as the opposite of a sin tax. And if you are already Maverick Insider, tell your mother, call a friend, whisper to your loved one, shout at your boss, write to a stranger, announce it on your social network. The battle for the future of South Africa is on, and you can be part of it.
Popsicles were originally going to be called "Eppsicles" after their inventor Frank Epperson.