Gordhan announces an executive chairperson for crisis-hit SAA | Business | M&G

Public Enterprises Minister Pravin Gordhan has appointed embattled South African Airways acting board chairperson Thandeka Mgoduso as executive chairperson, in order is to shore up capacity at the crisis-stricken airline.

Mgoduso confirmed her appointment by Gordhan on November 19, adding that current Ramasia would remain in her position. “Essentially the appointment by the shareholder is about appreciating that SAA is in the eye of a storm,” Mgoduso said. The announcement, penned by Ramasia, followed an earlier communication last week that salaries were not guaranteed for this month. The airline is struggling to secure R2-billion in funding to meet operational requirements.

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SAA on brink of collapse – even R2bn from state unlikely to save itEven if government gives bankrupt national carrier SAA the R2 billion it needs to pay salaries and stay in the air until December, it will probably not be enough to prevent the airline from being placed in business rescue PRIVATISE THE CARRIER So the 5% the unions were celebrating is a mirage, and if it gets to that, many more jobs will be lost Just close the damn thing down. We'll fly with other carriers that can balance their books and keep their staff paid.
Source: City_Press - 🏆 7. / 72 Read more »