Business News 27.7.2016 11:57 am

Outa urges Gordhan to bring back former SAA talent

Finance Minister Pravin Gordhan. File Picture: Refilwe Modise

Finance Minister Pravin Gordhan. File Picture: Refilwe Modise

Duvenhage listed former chief financial officer Wolf Meyer, former acting CEO Nico Bezuidenhout, suspended group treasurer Cynthia Stimpel and Sylvain Bosc.

The Organisation Undoing Tax Abuse (Outa) has on Wednesday urged Finance Minister Pravin Gordhan to turn to former South African Airways (SAA)  management staff who fell foul of the troubled national carrier’s current board to help turn it around.

Gordhan on Tuesday said SAA needed a “whole new board”, adding that “political homework” was needed to find the right people.

Outa chairman Wayne Duvenhage said: “Over the past few years, SAA has lost a lot of fine talent with considerable airline management experience and it would be wise for Minister Gordhan to bring these very same, relatively young and energized people back to fix the mess and damage created by the current board.”

Duvenhage listed former chief financial officer Wolf Meyer, former acting chief executive officer Nico Bezuidenhout, suspended group treasurer Cynthia Stimpel and Sylvain Bosc, who was suspended as chief commercial officer among those it saw as “extremely talented high ranking leaders who were purged from the airline”.

He said they all shared a commitment to making sure that the airline, which is in debt to the tune of R15 billion, was managed professionally.

“We urge the minister to call on each and every one of these past leaders and obtain their insights and suggestions for SAA’s success and turn-around strategy. If need be, the minister can also look to to Cheryl Carolus, a recent past chairperson with impeccable credibility and experience, as well as Russell Loubser, another recent board member at SAA.”

Gordhan in February announced his intention to appoint a new SAA board, but this is widely seen as being stalled by a power struggle between him and President Jacob Zuma.

– African News Agency (ANA)

today in print