21 September 2017

South Africa: Gigaba Has No Choice but to Fire Myeni

Photo: kev-shine/Flickr
(file photo).
press release

The DA wrote to the Commissioner of the Companies and Intellectual Properties Commission (CIPC) and received confirmation that Dudu Myeni's continued appointment as SAA Board Chairperson and a Director is deemed to be illegal.

Finance Minister, Malusi Gigaba, therefore has no choice but to fire Myeni. We have written to Minister Gigaba to confirm what he has done to ensure that Ms Myeni no longer occupies these positions.

Point 2.3 of the CIPC Commissioner's letter to Gigaba clearly states that 'Ms Myeni's continued occupation of the position of director and Chairperson of the Board of SAA is deemed to be illegal.'

This confirms our belief that Ms Myeni ceased to hold these roles at the end of August 2017 and that any decision taken by the SAA Board since then are null and void and may not be implemented.

Ms Myeni has managed SAA into bankruptcy and if there is any chance of saving the airline and the majority of the 9 398 jobs at SAA, she must be immediately removed from having anything more to do with the airline.

Every attempt must be made to save SAA but this cannot be at the cost of the massive bailouts, like we have seen in the past and are likely at the end of September 2017 when loans of R6.783 billion are due to be repaid. The airline must be put into business rescue to stabilise its operations, stop the losses and ultimately be privatised.

Alf Lees MP

DA Shadow Deputy Minister of Finance

More on This

South Africa Needs to Sober Up to Save Itself From Sickly State-Owned Enterprises

The South African government is said to be seriously considering selling its stake in telecommunication firm, Telkom, in… Read more »

See What Everyone is Watching

Copyright © 2017 Democratic Alliance. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.