Dept. confirms SAA CEO's resignation
The department said SAA CEO Siza Mzimela will stay with the national carrier for the next few weeks.
JOHANNESBURG - South African Airways (SAA) CEO Siza Mzimela has resigned, the Department of Public Enterprises confirmed on Monday.
According to the department, Mzimela will stay with the national carrier for the next few weeks before leaving her post.
On Monday morning, the CEO sent an email to staff informing them of her departure.
The move comes a week after SAA chairperson Cheryl Corolus and six board members stepped down, citing lack of support from the department.
The airline is expected to report a R1.25 billion loss for the year ending in March, when it holds its Annual General Meeting (AGM) next week.
Last week, government announced that SAA was going to receive a R5 billion loan guarantee.
New board members and a new chairperson will be introduced at the AGM.
Aviation expert Guy Leach said, "The worms are coming out of the SAA can. It is a great loss [for the company]. She [Mzimela] is finding herself in a difficult position like her previous board was."
The CEO said her decision to leave was thought out carefully.
Mzimela thanked the outgoing board for their wise counsel, saying she identified with sentiments some of them expressed before they resigned.
SAA is scheduled to release a statement on Mzimela's resignation soon.