Gigaba on SAA: ‘I want that airline off my list of top priorities’

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four engine jock
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Gigaba on SAA: ‘I want that airline off my list of top priorities’

#1

Post by four engine jock » Mon Jul 03, 2017 12:59 pm

The finance minister appears to be losing patience with South African Airways — but says the latest cash injection has not ‘affected the fiscal framework in any way’

South Africans are sick and tired of supporting SAA, when the airline itself is not showing any sense of responsibility, Finance Minister Malusi Gigaba said at the launch of the tax season on Monday.

Speaking at the SARS head office in Orlando East, Gigaba said: "I want that airline off my list of top priorities.

"We just need to resolve the SAA dilemma. It’s been going on for far too long."

He said the message applied to all state-owned entities, and government guarantees needed to support infrastructure rather than governance lapses.

Giagaba said that as the minister of finance, he was empowered to take certain actions and had a certain time frame to explain to Parliament about the allocation and why it became a route to take.

"We have not affected the fiscal framework in any way," he said.

Treasury would provide a report at the midterm budget, he said, and it was important that SAA must finalise the appointment of a new, "competent" CEO.

SAA needed to implement a strict turnaround, which would be overseen by a task team from Treasury, Gigaba said. "There are strict conditions I am setting out in this regard."

He said that in August this year, there would be measures to strengthen the board and appoint a new chairperson. An aviation specialist would be hired prior to that.

Economists and MPs have been critical of the latest bail-out of the airline, saying the R2.3bn cash injection came with no stringent conditions imposed, and more bail-outs seemed inevitable.



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Re: Gigaba on SAA: ‘I want that airline off my list of top priorities’

#2

Post by Bell 407 » Mon Jul 03, 2017 1:36 pm

four engine jock wrote:but says the latest cash injection has not ‘affected the fiscal framework in any way’

Well excuse me, pissing that sort of money against the wall will definitely affect the fiscal framework :yikes:



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Re: Gigaba on SAA: ‘I want that airline off my list of top priorities’

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Post by Raffles » Tue Jul 04, 2017 3:54 am

Another incompetent fuddy rucker who should be in jail along with shower head and several others :ranting: :ranting: :ranting:



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