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Fresh leaders join SAA as embattled airline edges towards new era

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Cape Town – Two new non-executive directors have been appointed to the embattled South African Airways (SAA), while a chief executive will be recommended to Cabinet for approval in the coming weeks.

SAA made a R4.5bn loss in 2016/17, while it relied on R16.7bn worth of government guarantees. A new board – headed by the controversial Dudu Myeni – was appointed in 2016 September, after which another bailout of R5bn was approved.

The leadership changes during an update on the economy by Finance Minister Malusi Gigaba, who is the shareholder representative for SAA.

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