Economist Thabi Leoka's column published last week felt like a blast from the past. It's been a while since we last interacted. Our last encounter was when she was a non-executive member of the South African Express Airways' board of directors. The airline's finances collapsed early this year, and the airline is now on its way to liquidation. Paradoxically, she is more than most qualified to opine on the state of the country's state-owned companies, and the reasons most of them are in trouble.
Her column asserts that the National Treasury (NT) is being arm-twisted into funding the ailing national carrier - a cost the country can ill afford.