SAA has now ticked all the governance boxes and would achieve stability, says former SAA deputy chairman Tryphosa Ramano, who stepped down alongside chairwoman Dudu Myeni and four other directors on Friday, following a boardroom shake-up last month. This week SAA also welcomed new CEO Vuyani Jarana to the job, whose first day on Wednesday was consumed with a staff townhall and various induction meetings. The sweeping changes, spearheaded by Finance Minister Malusi Gigaba, were part of an eleventh-hour move to placate lenders who had raised concern about governance at the beleaguered airline, which is about to receive a R13-billion bailout from the fiscus. Jarana is the first permanent CEO at the airline since November 2015. He was previously head of enterprise at cellphone giant Vodacom. Ramano told Business Times on Friday: "On the governance side I'm really comfortable that we've ticked all the boxes." She said depressed economic conditions, competition, cash flow and relationship...
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