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...