I can’t be blamed for SAA’s mess – Dudu Myeni | Fin24
  • Renewables

    The govt is assessing a R160bn plan to establish the world’s largest green-energy financing initiative.

  • Biggest Jump

    Oil prices have spiked after drone attacks in Saudi Arabia disrupted global supply.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.


I can’t be blamed for SAA’s mess – Dudu Myeni

Sep 09 2016 08:35
Tshidi Madia, News24

UPDATE: Gordhan approves R5bn guarantee for SAA

Johannesburg - South African Airways chairperson Dudu Myeni has said she had nothing to do with the financial challenges being experienced by the national carrier. Speaking at a public meeting in Kempton Park on Thursday, Myeni said she found SAA that way.

“You will never read that Dudu put the airline in a mess, I inherited it that way,” she said.

Myeni, who was due to address thousands of the SAA employees at a staff meeting, said she did not take the moment created for her to share her thoughts on the airline with the public lightly, thanking Black First Land First leader and others, including the Progressive Professionals Forum’s President Mzwanele (Jimmy) Manyi.

The two parties started their gathering with a closed off meeting and then allowed the media to observe as they discussed issues ranging from the financial status of SAA to transformation, corruption and the possible privitisation of the carrier.

Myeni told her guests that SAA was still paying for the actions of the previous board.

READ: Only 2% of SAA’s R24bn budget goes to black business

“We never came to a company that had a healthy balance sheet, our balance sheet was depleted, it’s still depleted today,” she said.

She said that under her leadership a turnaround strategy was created within SAA, which included a forensic investigation to establish why it was in financial trouble; she also claimed progress has been made.

Last month SAA was warned that it could be barred from operating in Hong Kong after failing to submit financial statements for the past two years.

Myeni, who has said the carrier is in good hands, believes SAA will produce positive results when it tables its annual financial statement.

READ: SAA dealing with corrupt contracts - Myeni

“We have met all our obligations as and when they are due; this shows (to) me our operations have improved - revenues are always improving all our aircraft are always full,” she said.

She also maintains SAA remains the best airline on the African continent.

ALSO READ: Gordhan makes no bones about SAA

Read Fin24's top stories trending on Twitter:

saa  |  dudu myeni  |  state owned enterprises  |  airlines


Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What's your view on deep sea mining?

Previous results · Suggest a vote