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

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BUSINESS MAVERICK ANALYSIS: SAA: Time for a Business Unusual approachNews of the resignation of SAA CEO Vuyani Jarana has aroused a binary response: If a private sector CEO with the credibility of Jarana cannot turn the airline around, then SAA is a basket case that must be placed into business rescue or sold. Alternatively, the narrative goes that Jarana’s departure is directly linked to Public Enterprises Minister Pravin Gordhan, who interferes and micro-manages, but denies crucial support when needed. The truth, as usual, is likely to be far more nuanced. sashaplanting What bs article, a donkey speaking!!!!!
Source: dailymaverick - 🏆 3. / 84 Read more »

SIKONATHI MANTSHANTSHA: Time for SAA to become a real businessThe whole aviation market will grow and absorb the almost 11,000 people employed at the airline if the company were allowed to fail
Source: BDliveSA - 🏆 12. / 63 Read more »