EFF to 'rescue' SAA from embattled chairperson Myeni

2016-09-06 09:39
SAA board chairperson Dudu Myeni. (Picture: Muntu Vilakazi/City Press)

SAA board chairperson Dudu Myeni. (Picture: Muntu Vilakazi/City Press)

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Johannesburg – The EFF intends to "rescue" SAA from its board chairperson Dudu Myeni, party leader Julius Malema said on Monday.

"We are tabling a motion in Parliament to discuss the state of South African Airways. We believe that SAA is in crisis because of Zuma's friend and we need to rescue that state enterprise.

"The EFF will be debating this matter," Malema told reporters. He was briefing media on resolutions the party’s leadership took over the weekend.

Myeni reportedly had close ties with President Jacob Zuma.

Malema said Myeni's failure to produce the national carriers’ financial statements was a demonstration of her incompetence.

He said the party welcomed the DA's announcement on Monday that it would challenge Myeni's re-appointment by Cabinet in court. Cabinet on Friday announced that it had approved her re-appointment for another year.

Airline at risk

"She failed for such a long time to present financials. That was supposed to be evidence enough to demonstrate that there is a crisis. Who is going to give you R16bn if you don't present financials?" Malema asked.

The airline was seeking to raise R16bn, according to an advert published in the Sunday Times two weeks ago.

The DA said in a statement that while Myeni had been in the job, SAA failed to publish financial reports for two consecutive years and reportedly recorded losses of more than R4bn in each year.

Party leader Mmusi Maimane said her re-appointment was "wholly irrational" due to her appalling performance as SAA board chairperson over the past four years.

The state-owned company had a loss of over R1bn in the first quarter of the 2016/17 financial year. Myeni had put the airline at risk of losing lucrative routes, which would reduce revenue, the party said.

Senior managers departed and it was embroiled in deals ranging from Myeni’s attempts to renege on a leasing contract with Airbus, to the appointment of a little-known financial adviser to source funding on its behalf. Both moves were reversed.

Read more on:    saa  |  eff  |  julius malema  |  dudu myeni

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