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BLSA backs new SAA board

Johannesburg – The new SAA board should use the opportunity to restore trust in the airline’s financials, Business Leadership South Africa (BLSA) CEO Bonang Mohale said on Friday.

In a statement issued by the organisation, Mohale welcomed the new board appointments and government’s commitment to transforming state-owned enterprises (SOEs).

“We urge the new board to use this opportunity to show South Africans it is fully committed to transformation by rooting out corruption and restoring trust and financial stability to our national airline,” he said.

Finance Minister Malusi Gigaba on Thursday confirmed that Cabinet approved the appointment of six new board members. Former chairperson Dudu Myeni, who has served longer than the two-term period, was replaced by businessman and corporate executive Johannes Bhekumuzi Magwaza.

Nolitha Fakude replaces Tryphosa Ramano as the new deputy chairperson. The board also has a new aviation expert, Ahmed Bassa.

The new Minister of Communications Mmamoloko Kubayi told Parliament on Thursday that Cabient is confident in the work being led by Gigaba to turn the airline around.

However Cabinet is still not keen on privatising the airline, Fin24 reported.

“You need stability in terms of the board and executive. Now, you have someone with aviation expertise, which is why Cabinet has confidence,” she said.

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