Shutting down SAA would be disastrous, says Gordhan

[Bradley Prior]

Shutting down SAA would be disastrous, says Gordhan

The liquidation of SAA would be a disaster, said Public Enterprises Minister Pravin Gordhan, and Government agrees that business rescue is the optimal route to take.

In a column published by the Sunday Times, Gordhan said that liquidation would have led to the immediate grounding of the airline, which would have imposed severe consequences.

 

[BBSA]

He said that it will also allow for the opportunity to review the current cost structures of the airline.

This should have been done the first week you took over at public enterprises

 

[ProfA]

this fcking guy is just as funny as his boss

 

[Jola]

He is an idiot, his ideological leanings have addled his brain.

 

[pb41]

Gordhan has become part of the problem rather than part of the solution. Yet another prisoner of a failed and unworkable ideology.

 

[ShaunSA]

If only butternut had got rid of him ages ago...

 

[HBee]

Gordhan near taxpayer money is a disaster.

 

[wingnut771]

yes gordhan, so what, it is what it is.
next is eskom.

 

[Sarg3_ZN]

For you and your incompetent, thieving, corrupt, immoral buddies at the ANC yes, for the taxpayer no.

 

[r00igev@@r]

Have an auction!!!

 

[ForceFate]

If only butternut had got rid of him ages ago...

Ajay, Atul, Tony, Vladimir would be owning your backyard today.

 

[ShaunSA]

Ajay, Atul, Tony, Vladimir would be owning your backyard today.

Judging by their business savvy I'm sure they could all do a better job than Jamnadas anyday

 

[ForceFate]

Judging by their business savvy I'm sure they could all do a better job than Jamnadas anyday

Business savvy? They were virtually handed money to buy or operate these businesses. Their "media" business was tethered to our tax money permanently. Their mines were bought with our money. They were handed our military secrets by Denel.

And nuclear energy? They could drop spent nuclear waste in your backyard and SA would not touch them.

 

[The Free Radical]

Disastrous to the 400 fat lazy slobs in the national assembly, and countless others in Provincial Government and National Departments who get heaps of free or heavily discounted air tickets on SAA to fly, wine and dine, and to vreet in the lazy lounges. tsek.

MPs to get 88 free single-flight journeys a year as part of their perks

The only catch is that they have to fly economy except in exceptional circumstances.

ewn.co.za

 

[konfab]

In a column published by the Sunday Times, Gordhan said that liquidation would have led to the immediate grounding of the airline, which would have imposed severe consequences.
“Operations would have ceased. Passengers all over the world, already at airports, would have been left stranded. The costs of their repatriation would have been enormous,” explained Gordhan.
“The same would have happened at domestic and regional airports. Passengers already at the destination of their first leg would not have been able to return to their origins in an orderly manner. It would have cost us dearly in terms of future tourist and business revenue.”

Notice how this stupid communist didn't attach any monetary values to these "costs".

All of those things he mentioned are single, once off costs. Which probably would be less than a single bailout that his lobotomised government willingly handed out..

Gordhan also highlighted that the liquidation of SAA would have had significant ramifications for the South African airline industry as a whole.
“A big part of SAA’s staff of around 10,000 people would have been affected, without the normal protections of the Labour Relations Act,” said Gordhan.
“It would have meant further redundancies in associated aviation-related businesses … We were concerned about contagion in the rest of the aviation industry.”

1) The rest of the airline industry in South Africa is quite healthy. In fact they would be quite happy if SAA didn't exist with its unfair competition.
https://www.fin24.com/Companies/Industrial/court-rules-in-favour-of-comair-in-saa-case-20170215
2) The only contagious aspect in South Africa is the virus called entitilculus, the primary symptom of it is the neurosis that other people's property belongs to oneself.

 

[chrisc]

 

[konfab]

Ajay, Atul, Tony, Vladimir would be owning your backyard today.

Can you just remind me who is still in support of EWC? Oh right, the "good guys" like Pravin, Malema and the Messiah.

 

[ShaunSA]

Business savvy? They were virtually handed money to buy or operate these businesses. Their "media" business was tethered to our tax money permanently. Their mines were bought with our money. They were handed our military secrets by Denel.

And nuclear energy? They could drop spent nuclear waste in your backyard and SA would not touch them.

Yes business savvy. They came to SA with nothing and managed to buy the whole country.

It's not their fault our politicians were such willing sellers.

 

[The_Right_Honourable_Brit]

Pravin staying true to his Communist roots. Never trust a Commie!

 

[neoprema]

This whole business rescue thing is just stating to sound like a facade for what the government has actually already decided to do - pour more of our money into their gravy train.

they just know people have had enough so they’re putting on this little show for us before they cough up our tax money.