in Air Transport / Business & Finance

SAA major board shake-up as chair replaced

Posted 19 October 2017 · Add Comment

South African Airways is undergoing a major board reshuffle today.

The beleaguered national carrier saw the country’s Treasury Department ousting chair Dudu Myeni from her position as part of the shake-up.
Johannes Bhekumuzi Magwaza (pictured right) was named as Myeni's replacement, with Nolitha Fakude to serve as deputy chair.
Magwaza has decades of business leadership experience and has built up a name for himself as a director of numerous national and international companies. He is the founder of Nkunzi Investment Holdings and serves as its executive chairperson. He also holds a master’s degree in industrial relations from Warwick University in the United Kingdom, and a bachelor of arts in psychology and social anthropology from the University of Zululand.
Myeni – a close ally of President Zuma - has long faced pressure from South Africa's opposition party over her political ties and will step down formally on November 3. it was a consortium of private lenders that put pressure for the removal of Myeni from the SAA's board.
Making the announcement Finance minister Malusi Gigaba has urged the new board members to "ignore the political noise and focus on the business of strengthening SAA".
South African aviation expert, Guy Leitch, said: “This has indeed been a welcomed surprise because under Dudu Myeni's leadership SAA has incurred unprecedented losses.
Five other board members – Tryphosa Ramano, Mzimkulu Malunga, Siphile Buthelezi, Nazmeera Moola, and Gugu Sepamla – will also step down as part of the revamp.
The treasury has named several new non-executive board members. These include Geoff Rothschild, Ahmed Bassa, Tinyiko Mhlari, and Martin Kingston. Bassa is recognised as an “aviation specialist”.
SAA recently named a new chief executive officer, Vuyani Jarana, who will be tasked with implementing a restructuring process in a bid to restore stability to the carrier. He starts at the airline at the start of November
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Kenya Airways expands codeshare with Alitalia

Kenya Airways has signed an enhanced codeshare agreement with Alitalia (a partner airline in the SkyTeam alliance), creating additional connectivity to the networks of the two airlines, into Africa, Europe, the Far East and South

Embraer Phenom 300 is world’s most delivered llght jet

Embraer Executive Jets delivered 51 Phenom 300 and Phenom 300E light jets in 2019, making it the most delivered light jet of the year.

USAF C-130 supports Flintlock 2020

A United States Air Force (USAF) C-130J Super Hercules aircraft and Airmen assigned to the 37th Airlift Squadron, 86th Airlift Wing, Ramstein Air Base, Germany, deployed to Senegal and Mauritania to support and participate in

Green Africa adds three more A220-300s to its fleet

Green Africa has added to the news that it has ordered 50 A220-300s from Airbus by also committing to lease an additional three of the aircraft from leasing company, GTLK Europe.

Beechcraft King Air 350ERs begin maritime patrol duties

Leonardo has revealed that two Beechcraft King Air 350ERs, equipped as Maritime Patrol Aircraft (MPA), have gone into service with an African Navy following their delivery by the Company, which acted as prime contractor and systems

Boeing to support communities affected by Ethiopian Airlines Flight 302

Boeing has announced it has dedicated the remaining $50 million of a previously announced $100 million fund to support humanitarian needs in communities affected by the Lion Air Flight 610 and Ethiopian Airlines Flight 302 accidents.

AVAFA20SK2207050320
See us at
AVMENA20 BT1309100620AVAFA20BT2207050320