His resignation came hardly two months after the cash-strapped airline's erstwhile chief executive Vuyani Jarana threw in the towel in a scathing letter to the Magwaza led board.
Minister of Public Enterprises Pravin Gordhan stunned legislators when in his budget vote speech he said Magwaza had resigned from the airline for personal reasons, without elaborating further.
“We would like to thank the outgoing chairperson of the SAA Board, Mr JB Magwaza. Your contribution is appreciated,” Gordhan said.
Magwaza leaves the role hardly two years after his appointment by then-finance minister Malusi Gigaba in 2017, after the exit of controversial former chairperson Dudu Myeni.