SAA CEO Vuyani Jarana says legislation regulating parastatals is halting the competitiveness of the airline: “Equalise the playing field between the SOEs and the private sector so that we can compete on an equal footing, that’s all I am looking for”
“SAA is probably the only SOE [state-owned enterprise] that is facing open-market competition,” he said speaking at a panel discussion at the Deloitte Gearing for Growth event in Johannesburg last week.Jarana likened the airline to a horse that was used to racing alone with its hind legs tied up but when more competition joined, its legs were still tied.
Jarana pointed out that the airline had a high level of strategic societal value but also had to deliver financial value. He said the airline was at a point where it was not profitable, but it was delivering societal value. We’re getting to a point where we have to fight for profitability but that doesn’t mean there’s no mandate to connect the smaller towns, which the big guys won’t do,” he said.
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