SAA Technical musical chairs continues as Nyuswa is shifted after six months
SAA’s current CFO Hendus Venter is the new acting CEO in a three-month acting capacity
The acting CEO of SA Airways’ maintenance subsidiary SAA Technical (SAAT), Wellington Nyuswa, has been replaced after six months at the helm of the embattled unit. Nyuswa was appointed as acting CEO in March 2018 after the suspension of CEO Musa Zwane, along with SAA’s CFO Phumeza Nhantsi, following a qualified audit report by the auditor-general tabled in parliament at the time. The report found, among other matters, that SAAT’s inventory could not be verified and that there were insufficient controls in place to manage the inventory. It also found glaring accounting irregularities on maintenance costs and that incorrect exchange rates had been recorded. It said that SAA Group had not established controls to maintain complete records of irregular expenditure and wasteful expenditure. Nyuswa remains in SAA’s employ. SAA’s current CFO Hendus Venter is the new acting CEO though also in a (three-month) acting capacity. Venter’s role as CFO at SAA is being filled by Mankwe Makgate in an...
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