EXCLUSIVE: Treasury not likely to ground Myeni until 2018
South African Airways chairwoman Dudu Myeni likely to serve until the next AGM
South African Airways (SAA) chairwoman Dudu Myeni is not headed for the departure lounge just yet and may be at the helm of its board until January 2018. The Treasury confirmed that it had asked Myeni to stay on at the national carrier until its annual general meeting, which is scheduled for "sometime in November". Business Day understands that the airline’s board wrote to Finance Minister Malusi Gigaba in August, asking for the meeting to be held in January because of delays in finalising SAA’s annual financial statements. The national carrier also looks set to miss the deadline to table its 2016-17 financial statements in Parliament at the end of September due to the delays. Gigaba did say in Parliament earlier this week this might be an eventuality and his department was preparing a request to the legislature in that regard.Business Day has been able to establish that the airline has not started preparing its accounts yet, as it was awaiting a R10bn capital injection from the Tre...
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