BUSINESS MAVERICK/NEWS ANALYSIS: Gloves come off between SAA CEO and his board

The Board of SAA wants to know how Vuyani Jarana’s resignation letter appeared in the public domain on Sunday, 2 June 2019. His letter caused considerable consternation in the aviation industry, media and society at large, given that it seemed to imply that SAA was being forced into business rescue through the actions of its shareholder of reference, the Department of Public Enterprises.

This information is contained in a letter, dated 5 June 2019 that Jarana has addressed to SAA chairman JB Magwaza. Instead of being apprised of his departure date, he was informed via telephone, by the junior staffer mentioned above, that the board had taken a resolution to investigate him. The issue of who leaked the letter relates to matters of trust. If the CEO leaked the letter, why did he do so? What did he hope to achieve? And can the board trust him over the next three months? Hand-overs are sensitive at any level in an organisation, but particularly so when one is in the C-suite of an entity whose very existence is precarious.

SAA still captured it seems

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