Deepening Democracy through Access to Information
R/€ = 15.57 Change: 0.06
R/$ = 13.90 Change: 0.04
Au 1425.75 $/oz Change: -13.41
Pt 849.36 $/oz Change: -6.08
 
 
Deepening Democracy through Access to Information
R/€ = 15.57 Change: 0.06
R/$ = 13.90 Change: 0.04
Au 1425.75 $/oz Change: -13.41
Pt 849.36 $/oz Change: -6.08
 
 
BACK

SAA announces new acting CEO

7th June 2019 BY: News24Wire

South African Airways (SAA) announced on Friday that it has appointed Zuks Ramasia as its acting CEO while it looks for a permanent replacement.

Ramasia was previously general manager: operations.

Advertisement

The board made the announcement at a briefing on Friday. The briefing was held to provide an update on the state of the national carrier following the resignation of its CEO Vuyani Jarana last week. It said that Jarana would no longer be the CEO as of Monday although he would stay on until the end of August.

In his resignation letter, Jarana highlighted several key issues at the State-owned enterprise.

Advertisement

According to his resignation letter to SAA board chairperson JB Magwaza, Jarana unpacked how uncertainty about funding and slow decision making processes were delaying the airline's turnaround strategy.

"The strategy is being systemically undermined, and as the Group Chief Executive Officer, I can no longer be able to assure the board and the public that the LTTS (long term turnaround strategy) is achievable," he said.

Jarana said he was prepared to work a three-month notice period until August 31. 

EDITED BY: News24Wire
EMAIL THIS ARTICLE SAVE THIS ARTICLE
Advertisement