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BUSINESS MAVERICK : Sixth board in 11 years appointed at troubled SAA

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The Department of Public Enterprises has appointed six non-executive directors to the SAA interim board. Only three individuals bring commercial aviation experience.

The Department of Public Enterprises, the sole shareholder of SAA, has appointed a new board – the sixth since 2009. The new board has been appointed on an interim basis, which doesn’t offer certainty about whether SAA will have a stable pair of hands at leadership level over a sustained period.

But the SAA business rescue practitioners are still grappling with the conclusion of retrenchment packages for workers, and the government paying the full R10.5-billion for the airline’s restructuring process. But the Department of Public Enterprises believes that the stabilisation of SAA starts with the appointment of a new board. The department has appointed six non-executive directors to the SAA board; only three of them bring commercial aviation experience.

 

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