Cabinet: SAA board approved, Dudu Myeni re-appointed as chairperson
A statement has been released saying Cabinet approved the appointment of the SAA board.
JOHANNESBURG/PRETORIA - Cabinet has released a statement saying it's approved the appointment of the South African Airways (SAA) board with Duduzile Myeni re-appointed as its chairperson.
This despite reports of objections from some Treasury officials.
The move is also said to be seen as a snub to embattled Finance Minister Pravin Gordhan.
At the same time, it's also expressed concern over the continued public spats between various parties on the matter related to the Hawks investigation into the South African Revenue Service.
Cabinet has called on all those concerned to exercise restraint and cease making public statements.
It's also joined President Jacob Zuma in expressing full confidence in the minister of finance.
The decision was made at a cabinet meeting held on Wednesday.
The cash-strapped airline can now secure a further R5 billion guarantee from government and file its delayed annual financial results.
The announcement comes just days after SAA publicly announced it would try raise R16 billion to pay its debts.
Myeni is a close ally of President Jacob Zuma and was reportedly excluded on a proposed board by Gordhan.
However, it's understood the president rejected the list to ensure Myeni retained her post.
The Democratic Alliance believes that Myeni's re-appointment is a defeat for Gordhan and will have a negative effect on the economy and the upcoming rating assessments.
Cabinet says that all the appointments were subject to the verification of qualifications and the relevant clearance.
To read Cabinet's full statement, click here.