SAA: Gordhan steps in to keep CEO on board
SAA CEO Vuyani Jarana believes he is not being given enough freedom to pursue the airline’s turnaround strategy
In a day of drama, SAA CEO Vuyani Jarana was persuaded on Wednesday not to resign from his position after several weeks of rising tension at the national airline. The situation at the airline was so charged that public enterprises minister Pravin Gordhan met Jarana on Wednesday and persuaded him to stay. Jarana, who joined SAA a year ago, wrote last week to the board, indicating his intention to resign unless he could be assured of the board’s full backing. SAA, which is struggling financially and has lost critical skills, has seen tension escalate between some nonexecutive directors and Jarana. There have been several disagreements about top appointments and how much executives should be paid. Two board members — Nolitha Fakude and Swazi Tshabalala — have resigned. A third member is being investigated in connection with tender irregularities dating back to the previous board’s tenure. Jarana — who is new to the aviation sector and was formerly chief officer of Vodacom Business — sa...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.