“The resignation letter of SAA’s CEO appears to strongly suggest that the airline is being forced into administration, deliberately or indirectly by government”, says Intellidex head of capital markets Peter Attard Montalto. In Bloomberg today
Gains from improved collection by new management at the SA Revenue Service will be offset by emigration and lower growth than forecast. There are no gains to be had from higher taxes — they will... read more
Intellidex is a leading research and consulting firm that specialises in capital markets and financial services in Africa.