The IFP expresses outrage at the SAA CEO
Khaya Ngqula's personal extravagance amid the embattled
airline's attempts to cut expenditure.
Ngqula was appointed last October to
balance the books of the national carrier, which made a record
net loss of R8-billion in 2004.
Instead, Ngqula has been running up
executive bills flying to meetings by private helicopters and
staying in posh overseas hotels.
What the SAA termed as "normal
business practices", has, so far, cost the South African
taxpayer a staggering R500, 000 on top of the CEO's remuneration
The IFP is convinced that the SAA's
disease runs deeper than Ngqula's personal extravagance.
"Such are the virtues of state ownership. It is hard to
imagine private shareholders tolerating such behaviour on the
part of a CEO," said Dr Woods.
Mr Bekker also said:
"Ngqula's conduct serves as a
microcosm of the government's drive for black economic
empowerment. It is all about a high-flying life of the oligarchy
at the expense of the masses.
"The ANC government crowned its
appointment of Ngqula and his conduct when Alec Erwin, Minister
of Trade and Industry, dismissed the CEO's behaviour as a
"The ANC's ideas about the corporate
code of conduct, as shown by their tolerance of Ngqula, hardly
live up to the creed of the man in the street.
"The IFP wishes to point out that the
frugality the SAA's CEO strives to impose on his employees, and,
by proxy, on his passengers, begins at home."
Mr H Bekker
083 255 2450