Treasury: Replacing Myeni in interest of good governance
SAA chairperson Dudu Myeni has largely been blamed for the financial troubles at the airline and her extended tenure has sparked outrage.
CAPE TOWN - Treasury says in the interest of good governance, it will be replacing Dudu Myeni as SAA chairperson before the end of the year.
That’s in spite of a decision last week to extend her contract when her eight-year tenure came to an end.
Myeni has largely been blamed for the financial troubles at the airline, and her extended tenure has sparked outrage.
Myeni has already served two years longer than the acceptable two three-year terms that are allowed.
Treasury spokesperson Mayihlome Tshwete says that Finance Minister Malusi Gigaba is committed to good governance.
He earlier said a replacement would be found by the time her contract ended.
But now he says it would be best for her to stay until the airline's financial statements are finalised at an annual general meeting scheduled for November.
“I would reassure people that the plan to strengthen the SAA board and to get a new chairperson is still at hand.”
Treasury says it's time to hand over to a new chairperson to bring the airline back to financial sustainability.
(Edited by Shimoney Regter)