What would you do with SAA if you were President?

[rpm]

What do you think the government should do with SAA?

 

[konfab]

Whatever solution that is proposed for SAA, it has to be made under the assumption that completely corrupt people will implement it.
So closing it down and liquidating it is an option.
Selling it to a private company will result in it being sold for a fraction of what it is worth.
Closing SAA and re-opening it as Dodo airlines is going to be rife for corruption.
Ditto for simply keeping it alive.

Best option would be to declare it a "people's airline" and divide its ownership into about 31 million shares, which is the amount of adult citizens in the country. Every citizen gets a share. The shares are then listed on the JSE, with some minimum price attached to that share's first trade that is based on a fair value of SAA.

(Although there is a massive problem as SAA wouldn't be allowed to register on the JSE, so they would have to make a special exchange for bankrupt SOEs until they reach the requirements to list on the JSE.)

 

[3WA]

Steal from it.

 

[Segg]

Sell it to a private company and cut your losses

I'd say close it down and let the private airlines take up its capacity, but with all that guaranteed debt suddenly becoming due at this stage I think this will be dire...

I guess SAA is truly stuck between a rock and a hard place.... But again we know whose responsible for that

 

[ShaunSA]

Sell and cut. Second option is close.

 

[nicksoper]

Government has a proven track record of not being good at managing state owned enterprise as well as taking public funds to keep them going. Government is pretty good at letting money get stolen and/or not go to the desired destination.

SAA is an asset to South Africa, but SA should move away from companies being paid for by the very low proportion of tax payers in this country.

 

[Geoff.D]

Sell it to a private company and cut your losses

is the obvious choice.
BUT, the problem is to whom? A new operation that has to adhere to the same onerous BBBEEEE rules and other govt BS?

The other way would be to simply PURGE ALL management that is not competent and get the operation back on track. Clear all levels of staffing that is not found to be doing their work.

 

[grok]

I voted other because I wouldn't've looked the other way while my Gupta-backed Zuma compadres were allowed to destroy a business like they were allowed to strip SAA & the SOE's..

 

[Andrea Gerber]

Just sell SAA and cut your losses stop trying to bail something out you don't have a clue to run in the first place!

 

[Datura]

Work very hard. Very very hard.

 

[Japied]

Sell it.

 

[konfab]

Government has a proven track record of not being good at managing state owned enterprise as well as taking public funds to keep them going. Government is pretty good at letting money get stolen and/or not go to the desired destination.

SAA is an asset to South Africa, but SA should move away from companies being paid for by the very low proportion of tax payers in this country.

Assets don't require money to be pumped into them.

Comair is the real asset of SA's airline industry.

 

[DrHasntLost]

SA Government are not qualified to run any State enterprises.
Their skill levels do not stretch to running a profitable entity.
Waste of tax payers money. Get rid of it ASAP....No more Bale outs due to Delinquent Ministers.

 

[iNtaba_eMhlophe]

What do you think the government should do with SAA?

Cut all deadwood.
Get rid of old technology planes.
Lease/Hire/Acquire only new technology planes (A350)
Cut staff complement
Privatise SAA Technical Services
Outsource Cabin Crew
Outsource Pilots
Turn it into a business for profit, not a loss to the taxpayers.

 

[CORY]

I would NOT sell it to an entrepeneur/predator, but have govt employ a competent team to run it

 

[iNtaba_eMhlophe]

I would NOT sell it to an entrepeneur/predator, but have govt employ a competent team to run it

There is no competent team within Government. How can an incompetent government employ a competent team? They cannot.

 

[Hlomuka photo and printin]

I will run it because in business there profit and loss

 

[Clipper]

Flogging a dead horse has no other purpose, but frustration. Sell it for R100 with the debt. Use the R100 to buy a bottle of beer and a pork chop and have a braai while you congratulate yourself on making a wonderful deal

 

[Kees125]

Cut all deadwood.
Get rid of old technology planes.
Lease/Hire/Acquire only new technology planes (A350)
Cut staff complement--to Emirates guidelines
Privatise SAA Technical Services--strictly award by open tender, minimum 3 tenders and inspect facilities and staff competency.
Outsource Cabin Crewto Emirates guidelines
Outsource Pilotsto Emirates guidelines
Prohibit any luxury company vehicles-at any level, no suv at all, no trips anywhere without full board approval, no entertainment extravaganzas, employ a proven absolutely incorruptible purchasing mnager/director and make tendering transparent and mandatory for all purchases.
Turn it into a business for profit, not a loss to the taxpayers.

LIKE this. Add:

 

[DrHasntLost]

Give it away, it will be cheaper.
After Eishkom, it's the next biggest Mill Stone around our Necks.
Who in their Right Mind, keeps throwing Good Money after Bad...? Oh yes...the ANC cadre Clique.