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SAA board members quit

Sep 28 2012 08:27

SAA plane

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Johannesburg - South African Airways (SAA) has been plunged into crisis after its chairperson Cheryl Carolus and six other board member resigned, Business Day reported.

This after Public Enterprises minister Malusi Gigaba cancelled the national carrier's annual general meeting this week and his request to Parliament for a two-month postponement of the tabling of is annual report. 

Carolus told the publication last night it was “with a lot of careful thought and consideration” that she had taken this “extraordinary” step.

“There has been a breakdown in the relationship with the shareholder. I thought we had agreed on a strategy. I’m finding it frustrating that this notion continues to exist that there is no strategic vision on the table at SAA.”

Former JSE CEO Russel Loubser was the first board member to quit, citing a lack of support from the Department of Public Enterprises, the report said.

So far eight of the 14-member board have resigned.

"After careful thought I also decided to resign, along with other members of the board. These are just the people who indicated to me that they will resign,” Carolus was quoted as saying.

“I believe in the airline, I believe it is a critical national asset at the southern tip of the hemisphere. It will always be an airline that is tough to run,” she said.


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