Government is finalising the appointment of a new board of directors for South African Airways (SAA) in a bid to stabilise the ailing and financially beleaguered national carrier.
In a statement yesterday Ronnie Mamoepa, spokesperson for Deputy President Cyril Ramaphosa, pictured, said a 90-day action plan had been successfully implemented. A new turnaround strategy had been developed and adopted by Cabinet in June. The new board was part of efforts to ensure good cooperative governance.
“The task of the new board will be to stabilise executive management by recruiting skilled professionals to implement the turnaround strategy,” Mamoepa said.
Trying to keep a permanent board has been repeatedly hamstrung with resignations and dismissals. In 2012, the board was dissolved to make way for new executives. Mamoepa said the formula to help change SAA’s “fortunes” was similar to that which government used at Eskom and the SA Post Office.
At the SA Post Office, government interventions have led to the appointment of a chief executive with a clear mandate to revitalise the parastatal. Mamoepa said government remained on course to address the “pressing challenges” with stateowned enterprises such as Eskom, SAA and the SA Post Office.