*YCLSA WELCOMES SAA’s DECISION TO LAY CRIMINAL CHARGES AGAINST NGQULA* *22 JULY 2010*
The Young Communist league of South Africa (uFasimba) welcomes the decisive and tough manner in which South African Airways has decided to deal with the flamboyant former CEO Khaya Ngqula. His conduct whilst as the CEO of SAA unfortunately explains why the profitability of SAA fast changed to losses. We have been consistent in calling for the investigation of parastatals that operate like Private corporations to the detriment of South Africans Such unscrupulous behavior and misconduct has costed SAA and government millions. This is blatant robbery not only to government but South Africans. Thousands of young workers have protested against SAA during his time due to unfair labour practices and wage disputes; however he chose to use SAA funds to finance his lavish lifestyle and evident ambitions of being wealthy through SAA resources. If there is substantial evidence that Khaya Ngqula has solicited funds, then there is no question or doubt that he should account. The credibility and reputation of our parastatals is still under scrutiny due to such discrepancies and lack of transparency. We applaud the board of SAA for ensuring that thorough investigations are done and that even former senior executives will be brought back to account. The fact that criminal charges have been laid, indicates that this investigation is not merely a formality or smoke screen, but a serious attempt to get back what rightfully belongs to the people of South Africa and restore the dented image of Parastatals. This is shockingly the very same man that got an exorbitant golden handshake even after questionable conduct as a CEO. All the monies owed should be recovered and even other officials linked who were allegedly given unwarranted bonuses should also face the same consequences. Our parastatals have been seen as cash cows for far too long and this has allowed the hand of opportunism to operate without punitive measures been taken. Let this be a lesson for even other current and former CEO’s that know very well that they use the positions to fast track their wealth accumulation. We urge the legal team to find ways to untangle the legal contracts that Ngqula has tied SAA to and that the matter be accorded due process and speedily resolved. These also include the supposed golf sponsorship which clearly does not benefit SAA in anyway. Such investigations should not only be limited to SAA but other parastatals too. *Issued by the YCLSA Head office* *For more information* *Contact * *Gugu Ndima* *National Spokesperson* *076 783 1516* -- Gugu Ndima +27 76 783 1516 -- Gugu Ndima +27 76 783 1516 -- You are subscribed. This footer can help you. Please POST your comments to [email protected] or reply to this message. You can visit the group WEB SITE at http://groups.google.com/group/yclsa-eom-forum for different delivery options, pages, files and membership. To UNSUBSCRIBE, please email [email protected] . You don't have to put anything in the "Subject:" field. You don't have to put anything in the message part. All you have to do is to send an e-mail to this address (repeat): [email protected] .
