JB Magwaza expected to replace Dudu Myeni in major SAA shake-up

Details of the reshuffle emerged on Wednesday night, however, the national carrier wouldn’t confirm or deny the claims.

FILE: SAA chairperson Dudu Myeni in February 2015. Picture: Gallo Images/Veli Nhlapo.

PRETORIA - Speculation is rife on Thursday morning that there’s a new board at South Africa Airways (SAA) and that chairperson Dudu Miyeni has been axed.

Details emerged on Wednesday night, however, the national carrier wouldn’t confirm or deny the claims.

The major shake-up comes as government struggles to find more funds for yet another multi-billion rand bailout for the struggling airline.

It’s widely expected that businessman JB Magwaza will replace Myeni as the chairperson of the SAA board.

Magwaza has been described as a veteran corporate executive and has served on numerous boards since the 1990s.

His deputy is being tipped as Nolitha Fakude, who is Sasol’s executive director and recently appointed as an Anglo-American non-executive director.

While the new leadership is much-needed, so are funds to operate the airline.

Finance Minister Malusi Gigaba needs to find R10 billion soon and is expected to reveal where he’s found it in his mid-term budget speech next week.

A post-Cabinet briefing is scheduled for 1pm on Thursday afternoon in Pretoria where the SAA changes are expected to be announced.