SAA a vanity project: analyst

File: Another bailout is on the cards for South African Airways as announced by Finance Minister, Tito Mboweni.


JOHANNESBURG - Head of the School of Economic and Business Sciences Jannie Rossouw said South African Airways is broken.

READ: Taxpayers can't keep bailing out broken SAA

Rossouw aired his views in a recent opinion piece.

He stated taxpayers can't keep bailing the national carrier out.

READ: SAA CEO says airline is salvageable

Rossouw asserted the government supports SAA and bails it out in times of need, in theory, but in practice, it's the country's struggling taxpayers who foot the bill.

He argues that SAA is nothing more than a government vanity project and should be sold.