Profit and loss at South Africa’s airlines.

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This topic contains 20 replies, has 7 voices, and was last updated by  capetonianm 8 Oct 2019
at 15:41
.

Viewing 7 posts - 16 through 22 (of 22 total)

  • SimonS1
    Participant

    In the case of Mango the (re)appointment of Nico Bezuidenhout effective 1st October was announced a couple of months back. A top class CEO who did a great job in his first stint.

    They could do far worse than appoint him as a group CEO, although he probably wouldn’t hack the interference and freeloading at SAA.


    capetonianm
    Participant

    They could do far worse than appoint him (Nico Bezuidenhout) as a group CEO

    Unfortunately he doesn’t fit the correct demographic for a top job at an SEO. This is sad, as they would really have to look a long way to find anyone else as good as him, let alone better.


    capetonianm
    Participant

    More bad news from SAA.

    SAA suspends head of HR

    https://www.fin24.com/Companies/Industrial/saa-suspends-head-of-hr-20191003?

    In another presumably unrelated incident 2 SAA cabin attendants have been arrested in Hong Kong for drug smuggling. If Chinese law applies I believe this may carry the death sentence.


    capetonianm
    Participant

    Mango Airlines: Emergency landing caused by “criminal syndicate”

    it has now reached the stage where there is a very significant risk to safety because of the fraud and corruption within SAA.


    capetonianm
    Participant

    Ethiopian will weigh stake in debt-ridden SAA

    https://www.fin24.com/Companies/Industrial/ethiopian-will-weigh-stake-in-south-africas-debt-ridden-airline-20191006?

    shared via @Fin24

    1 user thanked author for this post.

    capetonianm
    Participant

    SAA in the news, again for all the wrong reasons.

    Court hears Dudu Myeni cannot afford petrol, accommodation to attend case

    Former SAA board chair Dudu Myeni has been given until Wednesday to file an application for the postponement of her delinquent director court case, after she again failed to appear in court in Pretoria on Tuesday.

    A judge in the High Court in Pretoria made the order on Tuesday after hearing from her former lawyer, Daniel Mantsha, who made an unexpected appearance on her behalf. Myeni also failed to appear before the court on Monday.

    Myeni led the national flag carrier’s board between December 2012 and October 2017. During this period the airline faced financial instability, growing debt and operational challenges.

    The Organisation Undoing Tax Abuse and SAA Pilots Association want the court to declare her a delinquent director, based on her leadership during the period. If the court rules in favour of the application, she will no longer able to act as a company director.

    Advocate Carol Steinberg, legal counsel for the applicants, stated that one of the reasons given by Myeni for her inability to afford legal services was that she had been waiting for a liability insurance claim for SAA directors to cover the costs. It later emerged that the claim was only lodged last week Friday. Other reasons for her no-show include that she is not in a position to pay for petrol or accommodation to allow her to travel from her current home in KwaZulu-Natal to attend the case.

    Myeni, who sits on the boards of 13 companies according to information presented in court, has claimed she is unable to secure legal representation because she is unemployed.

    Mantsha told the court he had made contact with Myeni who informed him that she has arranged for a legal counsel to bring an application for postponement of the case on Thursday.

    Tolmay said Myeni is expected to file a “substantive” application for postponement by close of business on Wednesday, warning that the case has been dragging for far too long.

    Myeni who was seen as a close ally of former president Jacob Zuma, has denied allegations linking her to poor governance at SAA.

    The matter will resume on Thursday for the application for postponement.

Viewing 7 posts - 16 through 22 (of 22 total)
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