We've got news for you.

Register on Sunday Times at no cost to receive newsletters, read exclusive articles & more.
Register now

EDITORIAL | Money-guzzling SOEs must be cut loose


EDITORIAL | Money-guzzling SOEs must be cut loose

Laying off swathes of people amid a pandemic seems callous, but the state has been pushed into a corner


An agreement struck this week on the retrenchment of almost 3,000 SAA employees is welcome news, but also a bitter pill to swallow.

As SA slips deeper into a dark economic hole amid the Covid-19 pandemic, during which so many people have lost their jobs, adding to the swelling ranks of the unemployed at this juncture seems shockingly callous.

Yet we all know that if SA is to survive it cannot continue with massive government bailouts of state-owned enterprises that have for years been grossly mismanaged and looted by corrupt and incompetent managers...

This article is reserved for Sunday Times Daily subscribers.
A subscription gives you full digital access to all Sunday Times Daily content.

Sunday Times Daily

Already subscribed? Simply sign in below.

Questions or problems?
Email helpdesk@timeslive.co.za or call 0860 52 52 00.

You have reached the end of the Edition.