CAPE TOWN - The Organisation Undoing Tax Abuse (OUTA) has welcomed the Cabinet announcement that a new board has been approved for SAA and Dudu Myeni is finally fired.
OUTA believes that Myeni is at the core of SAA’s problems, the company said that she also has no ability as a director and should not be on any board.
OUTA also said that they hope this new board will encourage the new CEO to lead the national carrier to greatness and that an investigation into Myeni's tenure will be lodged.
Since 2008 when Myeni was appointed to the SAA board, the government has bailed out the national carrier with a staggering R23.8 billion.
This year alone, SAA received R2.2 billion rand to repay Citibank.
The Minister of Finance, Malusi Gigaba, has announced that a further R3 billion will be made available from Treasury for SAA.
In March 2017, OUTA issued a summons against Myeni to have her declared a delinquent director. This court action is still ongoing, is at an advanced stage and Myeni's removal from the SAA board will not end it.
If Myeni is declared a delinquent director, she will not be able to act as a director or serve on any board in any company for up to seven years, according to OUTA.
Such a sanction will send a message to the government that competent, skilled and experienced individuals should be appointed to lead our SOEs.
-BUSINESS REPORT ONLINE