SAA board ‘ignored’ R15bn loan recommendations
Directors may have flouted procurement regulations when appointing a little-known company to source funding
13 June 2019 - 20:15
Former SAA head of treasury Cynthia Stimpel told the state capture inquiry on Thursday how former chair Dudu Myeni and her board may have flouted procurement regulations when appointing a little-known company to source R15bn for the airline in 2015.
Stimpel‚ who was SAA’s acting group treasurer at the time‚ said the two options that her team recommended to the board — which were recommended after an extensive procurement process — were completely ignored...
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