Finance Minister in discussions to sell Telkom stake

Hemi300c

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JZ783 need more money?

FFS pumping money into a business run by clowns and fully corrupt, I suppose that's a wrong statement because it make it sound as if it's the only government dept or parastatal full of clowns and corruption.
 

supersunbird

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JZ783 need more money?

FFS pumping money into a business run by clowns and fully corrupt, I suppose that's a wrong statement because it make it sound as if it's the only government dept or parastatal full of clowns and corruption.
No, SAA needs a lot of money, just throwing good money after bad.
 

Thor

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This captured finance minister.

Drives me nuts, why on earth would you sell TELKOM to fund a loss making airline?

The only reason you would do that is if that airline is critical the Guptas.
 

garyc

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Makes sense for the government to recapitalise SAA in order to maintain control. There is a major fleet renewal coming up, and with the amount of money involved the government would want to maintain a presence to ensure that there is a steady hand guiding things.
 

FoXtroT

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Makes sense for the government to recapitalise SAA in order to maintain control. There is a major fleet renewal coming up, and with the amount of money involved the government would want to maintain a presence to ensure that there is a steady hand guiding things.
Lol what? Why does government need to be a steady hand for SAA? Does every other airline in the world have their government providing a steady hand during a fleet renewal? That is such a terrible argument.

Government is selling an actual strategic asset, that has significant national value, to fund a massive liability that is in no way strategic.
 

Thor

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Lol what? Why does government need to be a steady hand for SAA? Does every other airline in the world have their government providing a steady hand during a fleet renewal? That is such a terrible argument.

Government is selling an actual strategic asset, that has significant national value, to fund a massive liability that is in no way strategic.
Read between the lines.

A steady hand to guide the money to the Gupta empire.
 

supersunbird

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Makes sense for the government to recapitalise SAA in order to maintain control. There is a major fleet renewal coming up, and with the amount of money involved the government would want to maintain a presence to ensure that there is a steady hand guiding things.
Why?
 

chopsky

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Personally, I think this is rather good news. We all know that one way or the other, the guavamentals are going to bail out SAA again. If it isn't through the sale of their Telkom shares, it would be with our taxes. This way, they aren't using taxes, and are relinquishing their hold on Telkom, which will be great for the company and the industry. So instead of holding onto and and continuing to strangle two companies, they're only going to control one. The less they control the better.
 

Scooby_Doo

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Good, keep selling government assets, hopefully one day we will have a lean government doing only government things like ensuring competition and punishing corporate cheaters.
 

supersunbird

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Good, keep selling government assets, hopefully one day we will have a lean government doing only government things like ensuring competition and punishing corporate cheaters.
Their first priority should actually be law enforcement
 

SilverCode

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SAA gives more opportunities for theft...
I don't think it is about theft, it is about saving face/pride. If SAA collapses, everyone will point to it and say "See! This is the result of the ANC government! Our SOC are collapsing, and SAA is the first domino". But if they sell their share in Telkom and bail out SAA, then SAA continues to operate for a few more months and they can say "All is well and all SOC are fine. We chose to sell our Telkom shares because the time was right and believe it is better for the ICT sector". They are basically unable to admit they *****ed up, and are *****ing up more to try hide their *****ups so they can continue to con voters and ***** up for a few more years. Their plan is not theft, because that requires a plan. They have no plan. They just expect things to work with no real input and to reap the benefits/rewards/prestige.
 

TelkomUseless

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I don't think it is about theft, it is about saving face/pride. If SAA collapses, everyone will point to it and say "See! This is the result of the ANC government! Our SOC are collapsing, and SAA is the first domino". But if they sell their share in Telkom and bail out SAA, then SAA continues to operate for a few more months and they can say "All is well and all SOC are fine. We chose to sell our Telkom shares because the time was right and believe it is better for the ICT sector". They are basically unable to admit they *****ed up, and are *****ing up more to try hide their *****ups so they can continue to con voters and ***** up for a few more years. Their plan is not theft, because that requires a plan. They have no plan. They just expect things to work with no real input and to reap the benefits/rewards/prestige.
I actually disagree.

Goverment/ANC = don't care about image. This has proven 1000s of times with Guptas etc. Just switch on the tv and see it.

supersunbird is on the money. All about theft/lining pockets etc. SAA is already losing money.. how much easier you want money to "disappear" to comrades in a loss making business...
 
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