A black hole that gobbles money, an albatross around taxpayers’ necks, a complete and utter basket case . . . There’s no shortage of metaphors when it comes to describing the hot mess that is South African Airways.
The tally for all the bailouts since 2006 stands at a staggering R57 billion and despite this the carrier is still so mired in debt that it hasn’t been able to fly since September last year.
So when the announcement came that a private investor wanted to take over a majority stake in the airline there was some cause for celebration. Finally some positive news that might well mean a break for taxpayers.