BUSINESS MAVERICK ANALYSIS: SAA: Time for a Business Unusual approach

The most curious thing about the departure of Vuyani Jarana as CEO of SAA is that the board accepted the notice of a man whose resignation letter was so eloquent that everyone reading it was grateful they were not in his shoes.

In addition, he walked into an organisation that between 2009 and 2017 was run as the personal fiefdom of former chair Dudu Myeni. Many of her henchmen and -women remain in the enterprise and are resistant to any form of change, causing him grey hair and huge frustration. Finance was another vexed issue. Leaving aside the issue of debt and SAA’s recapitalisation for a moment, Jarana was frustrated by the time it took to get financial decisions approved. The Public Finance Management Act, it is claimed, is not onerous, but it is if you are used to acting on decisions first and ratifying them at board-level later – as Anoj Singh did while CFO at Transnet and Eskom.

And this is where the government, too, should take stock, because responsibility is a two-way street.

sashaplanting What bs article, a donkey speaking!!!!!

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Business Maverick: SAA CEO Jarana resigns, placing SAA’s turnaround plan in questionNot again. Not another one. SAA CEO Vuyani Jarana has resigned, becoming the eighth SAA CEO to resign in the space of six years, raising the question of whether the airline is now so run down from years of mismanagement and corruption that it's possible to save it at all. And there is the niggling issue of whether government even wants to save it.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

Vuyani Jarana's plan to fix SAA was still bound to crash: Free Market FoundationFree Market Foundation executive director Leon Louw was adamant on Monday that a bet on a turnaround plan for SAA - under CEO Vuyani Jarana who resigned at the weekend - not working was still in place. For some reason I think given enough time Sibongile Sambo could help this SAA company as a CEO. Before any repairs can be done the damage and affected area's must be removed . Face facts, our S.O.E.'S are well and truly screwed. S.A. is f...ked. This will end up a GHOST COUNTRY.
La source: SowetanLIVE - 🏆 13. / 63 Lire la suite »

The bet that Jarana can fix SAA is still on: Free Market FoundationLouw said in June 2018 that he was willing to wager R100‚000 that VuyaniJarana's three-year turnaround plan would not work and that by March 31 2021, Jarana’s stated timeframe, the airline would still not be profitable. Hats off to Jarana for confidence in his capabilities, that he took up Louw on the wager. The upside now is that charity or charities are about to receive a helping hand - thanks to his audacity.
La source: TimesLIVE - 🏆 28. / 59 Lire la suite »