A PROPOSED multibillion-rand recapitalisation of South African Airways (SAA) by the government is not a "bail-out", said Siza Msimela, CEO of the state-owned airline, on Monday.
Considering that, many years ago, one of SAA's executives who gave a speech at a presentation I attended didn't know that a loss and a deficit are (in essence) the same thing, there is not much hope that Siza Msimela, a political appointee, wuold know any better.
In fact, there is not much hope .......
(In fairness I should add that she, unlike previous incumbents in the position, does have siginficant airline experience)