SAA announces new interim acting CEO

SAA has announced that it has appointed Zuks Ramasia has its acting CEO while it looks for a permanent replacement.

Ramasia was previously general manager: operations.

The board made the announcement at a briefing on Friday. The briefing was held to provide an update on the state of the national carrier following the resignation of its CEO Vuyani Jarana last week. It said that Jarana would no longer be the CEO as of Monday although he would stay on until the end of August.

In his resignation letter, Jarana highlighted several key issues at the state-owned enterprise.

According to his resignation letter to SAA board chairperson JB Magwaza, Jarana unpacked how uncertainty about funding and slow decision making processes were delaying the airline's turnaround strategy.

"The strategy is being systemically undermined, and as the Group Chief Executive Officer, I can no longer be able to assure the board and the public that the LTTS (long term turnaround strategy) is achievable," he said.

Jarana said he was prepared to work a three-month notice period until August 31.

SAA also announced that it would institute an investigation into how Jarana's resignation letter was leaked as the document had been in a "very secure space".

The board had since decided to hold its most recent meeting to discuss SAA and the new interim CEO off site for fear of leaks.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
17.81
+1.2%
Rand - Pound
19.40
-0.4%
Rand - Euro
17.35
-0.4%
Rand - Aus dollar
11.62
-0.3%
Rand - Yen
0.12
+0.5%
Gold
1,661.86
+2.0%
Silver
18.97
+3.1%
Palladium
2,161.24
+4.1%
Platinum
869.50
+1.9%
Brent Crude
86.27
+2.6%
Top 40
57,413
-0.4%
All Share
63,808
-0.3%
Resource 10
57,878
+1.5%
Industrial 25
78,523
-1.0%
Financial 15
14,099
-0.8%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders