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Media release: Mboweni – R 5 bn bailout for SAA? Maybe! Out of his hands now

 08 Nov 18
Not only is new finance minister Tito Mboweni the first ANC politician to propose that SAA should be closed down, he is also the first to repeat the Free Market Foundation’s (FMF) rallying cry that subsidising SAA harms the poorest in society.…

Another unforeseen payout to SAA?

 21 Sep 18
With South African Airways (SAA) back under the magnifying glass for its alleged anti-competitive behaviour will the SA treasury also again be called upon to use taxpayers’ money to assist the ailing national carrier with its turn-around strategy?SAA has already been found guilty of abusing its dominant position. In July…

African Excellence: Ethiopian Airlines leads the way

11 Sep 18   Chris Hattingh
Ethiopian Airlines stands as a bastion of success above an African landscape of failed state-owned entities.…

SAA must be euthanised to put us out of our misery

07 Sep 18   Ivo Vegter
South Africa does not need a national flag carrier to carry jet-setters and politicians.…

Media release: SAA & SAX merger – two losses don’t make a profit

27 Aug 18  
Is the proposed merger between loss making South African Airways (SAA) and SA Express (SAX) a marriage made in hell brokered by SA banks?…

Media release: Banks need to justify to the poor why they are bailing out SAA

18 Jul 18   FMF Media Release
The recent announcement by minister Pravin Gordhan that, at the request of state owned enterprises (SOEs), the banks will “help” SOEs with more funding and additional unspecified assistance, raises serious questions.…

Media release: SAA myths being peddled to delay the inevitable closure

09 Jul 18  
Three myths are taking hold in the media and among other commentators as to why SAA cannot be closed down.…

Do SA a favour: Close down SAA and pay all staff one year’s retrenchment package. Bargain!

28 Jun 18   Temba A Nolutshungu
There is much hype and little logic in the hysteria surrounding what to do with SAA. A national asset? A flag carrier?…

Open skies over South Africa

27 Jun 18   Chris Hattingh
Israel approved the ‘Open Skies’ agreement with the European Union in 2013. The goals were to increase the number of foreign airlines operating in the country, expand the number of routes served, lower fares and stimulate tourism.…

Media release: FMF Executive Director, Leon Louw, welcomes CEO Vuyani Jarana’s acceptance of his wager that SAA cannot be saved

12 Jun 18   FMF Media Release
“I’m thrilled that Mr Jarana has accepted my wager,” said Leon Louw, Executive Director of the Free Market Foundation (FMF). “…

Media release: FMF’s executive director Leon Louw issues wager to SAA CEO Vuyani Jarana – R100K to charity if SAA profitable by 2021

04 Jun 18   FMF Media Release
Leon Louw, executive director of the Free Market Foundation (FMF) is willing to wager SAA CEO Vuyani Jarana R100,000 that his three-year turnaround plan will not work and that by 31 March 2021…

Media release: SAA hiding behind “commercially sensitive information” – hearings must not evade public’s right to know

01 Jun 18   FMF Media Release
The FMF is dismayed and disturbed by media reports that future briefings by SAA to Parliament may be behind closed doors starting with next week on 7 June.…

Lessons from Air India

21 May 18   Chris Hattingh
At the end of March, it was revealed that Air India’s employees would be given stock options after the airline is privatised.…

NOTE TO THE MEDIA

26 Apr 18  
The news that SAA needs another immediate bailout of R5 bn on top of the R20 bn already provided and a further R9.2 bn in 2018 to repay outstanding debt is an outrageous affront to the poorest in society who are bearing the brunt of the recent increa…

Media release: AG qualified audit sounds SAA death knell – should surprise no one

13 Mar 18   FMF Media Release
SAA is finished according to the Auditor General (AG). Or, in the coded language that he uses, his findings “cast doubt on SAA’s ability to continue as a going concern”.…

Media release: 1 percent VAT hike = SAA’s 5 year losses – R23bn

28 Feb 18   FMF Media Release
SAA (South African Airways) has failed yet again to finalise its financial statements for 2016/17 and no annual general meeting (AGM) has been scheduled.…

SAA: Lessons from Kenya

28 Feb 18   Chris Hattingh
South African Airways (SAA) is a bloated and inefficient state-owned enterprise.…

Delta could fly two people to South Africa for the same cost as flying one on SAA

24 Jan 18   James Peron
The other day I saw a promotion for flights to South Africa and curiosity got the better of me.…

Media release: SAA’s own new CEO inadvertently tolls airline’s death knell

18 Jan 18   FMF Media Release
New CEO Vuyani Jurana has made a strong case to wind up SAA. In a presentation to Parliament's standing committee on finance late last year,…

Government’s embrace of parasitical SAA is unconstitutional

29 Nov 17   Martin van Staden
South African Airways (SAA) is not a parastatal, it is parasitical. Society as envisioned by our Constitution has no place for parasites, especially if its continual humouring has to come at the direct expense of equality, dignity, and freedom.…

Media release: R10 billion is not enough – let’s get real about SAA

15 Nov 17   FMF Media Release
Let’s get real about SAA. In among the hype, speculation about the new CEO and board, the latest of 9 turn around plans, Gigaba’s talk of local and international strategic equity partners and of “saving SAA”, there is a blindingly obvious elephant -…