SAA: A bottomless pit due to poor management 

30 August 2017

Trade union Solidarity today said that South African Airways (SAA), which was once a sustainable venture, is now nothing but yet another ailing institution that has crumbled under poor management. 

Deon Reyneke, Deputy General Secretary of the Aviation and Defence Industry at Solidarity, contends that the SAA’s financial quandary could be attributed to a lack of leadership and accountability within management. “SAA’s history testifies to ill-considered and uncalled-for expenditure that does not contribute to the sustainable growth of the airline,” Reyneke said. 

According to Reyneke, government’s plan to relinquish profitable Telkom shares worth R10 billion in a bid to save SAA makes no economic sense. “If government does not cease its financial assistance and intervene purposefully in the management of SAA, it would be pouring huge sums of money into a bottomless pit,” Reyneke warned. 

Issued by Deon Reyneke, Deputy General Secretary, Solidarity, 30 August 2017