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SAA holds its AGM today

Minister Malusi Gigaba likely to face questions about his alleged interference in SAA matters.

Public Enterprises Minister Malusi Gigaba. Picture: Sapa

JOHANNESBURG - South African Airways (SAA) is scheduled to hold its annual general meeting on Monday, less than a fortnight after its chairperson, several board members and its CEO resigned.

The national carrier's AGM was due to be held late in September, but Public Enterprises Minister Malusi Gigaba was forced to ask Parliament for a postponement.

At the time, Gigaba said the airline had been unable to finalise its annual report because it needed to address immediate financial challenges.

In the interim, National Treasury granted the embattled SAA a lifeline in the form of a R5 billion loan gaurantee.

It granted the loan on condition the new board presents a turnaround strategy for the airline by January.

The airline's former chairperson, board members and CEO cited a lack of support from government as reasons for their departure.

Gigaba is likely to face questions this morning about his alleged interference and claims he has been meddling in the running of the business.

The airline is also expected to report a R1.25 billion loss for the year ending in March, although this figure has been challenged by officials.

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