Public enterprises minister Pravin Gordhan is a man of integrity. He stood against the brazen corruption of the Jacob Zuma mafia, though, like the rest of his group, admittedly too late to spare the country a crisis.
Gordhan seems convinced that better governance is key to saving the parastatals. He is dead wrong, for two reasons. Second, parastatals are saddled by design with an almost unsolvable incentive problem. Because of state ownership, they suffer from a grave set of agency conflicts, are generally captured by contested vested interests and leave their customers and the citizens on behalf of whom they supposedly exist dead last.
There is no evidence that SAA is developmental. It does not provide a strategic service to the country that others cannot provide better and cheaper. It does not alleviate poverty, and on balance probably does the opposite. Its contribution to jobs is inefficient and most likely negative.
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