I wonder why SAA need a CEO or board of directors anyway ??
The government do as they please .....
Every time SA has an election a new cabinet is elected and you then have to educate another so called minister on how to run an airline.......THIS IS SHOCKING .....
That's why SAA and other parastatals lose billions.....case closed !!!!
SAA does make a profit but the excessive labour force and inflated executive salaries make it somewhat ungovernable. The debt to equity ratio which is claimed to be at -359% was due to Mr Coleman Andrews....he sold of every aircraft owned by SAA as well as maintenance equipment and leased them back to improve the then balance sheet.
At the moment SAA owns very little , and leases a lot.
How do you expect our outgoing CEO to turn that around in her short 3 year tenure ?
She had no support from Mr Gigaba and he left them with empty promises of government support....as in a proper cash injection and not a stupid guarantee.
SAA will continue as per normal and not much will change .