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Gordhan ‘working intensely’ on finding new SAA board
Treasury says the minister is looking for a new CEO while it’s made sure the airline won't run out of cash.
JOHANNESBURG – National Treasury says Finance Minister Pravin Gordhan is working intensely on the problem of trying to find a new permanent board for South African Airways (SAA).
It also says Gordhan is looking for a new CEO while the department has made sure the airline won't run out of cash.
Treasury’s Phumza Macanda says Gordhan is giving this his full attention.
“He is very busy with working on the process to ensure that he can appoint a board and also ensure that a permanent CEO is appointed because ultimately we’ve got to stabilise the airline.”
The real question may be whether or not he’ll fire Dudu Myeni as SAA’s chair.
On her watch, senior executives have left the company while the airline has lost millions of rand.
But she is also the chair of the Jacob Zuma Foundation, leading to claims Nhlanhla Nene was fired as finance minister late last year for taking her on.
(Edited by Tamsin Wort)
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