Gigaba removes suspended CEO from SAA board

Public Enterprises Minister Malusi Gigaba has removed suspended SAA CEO Vuyisile Kona from the airline’s board, the department has said.

“The minister ... has adopted a resolution removing Mr Kona from the board of South African Airways,” Gigaba’s spokesperson, Mayihlome Tshwete, said in a statement today.

“This morning, the minister, as the sole shareholder, convened a shareholders’ meeting in terms of section 71 of the Companies Act to consider a resolution to remove Mr Kona from the board.”

Gigaba had said he considered it prudent and in the interests of SAA that there be stability and cohesion in its leadership.

The relationship between the board and Kona had deteriorated to a point where it would not be possible for him to lead or function optimally, either as a member or board chairman.

SAA put Kona on a precautionary suspension last month.

The board said the move was based on allegations that it had a fiduciary duty to investigate.

Mango CEO Nico Bezuidenhout was called to act as SAA chief executive.

“It should be stated categorically that Mr Kona’s innocence or otherwise of the allegations against him as acting CEO had little bearing on the minister’s decision to remove him,” said Tshwete.

“Further, this decision should not be construed in any way as a prejudgement or determination of any of the issues pending between Mr Kona and SAA.”

A number of SAA board members, including chairperson Cheryl Carolus, unexpectedly quit last year before the annual general meeting in October, when their term was due to end.

Tshwete said Duduzile Myeni would continue acting as board chairperson.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you 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.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Voting Booth
When assisting your child with remote learning this year, did you:
Please select an option Oops! Something went wrong, please try again later.
Results
Follow the school's comprehensive sexuality education (CSE) curriculum?
13% - 204 votes
Adjust the CSE curriculum to suit the family's morals?
24% - 365 votes
Ignore the schools CSE programme and do your own teaching?
63% - 961 votes
Vote
ZAR/USD
15.44
(-1.35)
ZAR/GBP
20.62
(-1.54)
ZAR/EUR
18.45
(-1.22)
ZAR/AUD
11.36
(-0.79)
ZAR/JPY
0.15
(-1.15)
Gold
1778.41
(-0.44)
Silver
22.52
(-0.46)
Platinum
960.00
(-0.36)
Brent Crude
48.03
(0.00)
Palladium
2383.50
(-1.67)
All Share
57091.89
(-1.26)
Top 40
52375.50
(-1.22)
Financial 15
11158.56
(-3.62)
Industrial 25
78965.65
(-1.16)
Resource 10
52703.42
(-0.19)
All JSE data delayed by at least 15 minutes morningstar logo