South Africa: SAA Appoints Fifth CEO in Five Years

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The state-owned airline, which is still in business rescue after 15 months, has appointed Thomas Kgokolo as the interim CEO. Kgokolo walks into a fraught SAA environment in which its pilots are on a strike over outstanding salary payments and retirement conditions.

SAA has appointed Thomas Kgokolo as the interim CEO of the state-owned airline, which is still in the throes of a nearly 16-month-long business rescue process.

Kgokolo, a qualified chartered accountant who has mostly engineered a career in the public sector, becomes SAA's fifth CEO in five years.

According to an internal note to SAA workers, Kgokolo was appointed to the SAA top job on Tuesday 13 April.

The appointment of Kgokolo means that SAA has had three CEOs since the board and SA government (sole shareholder of SAA) placed the airline under a voluntary business rescue process in December 2019. Kgokolo's predecessors at SAA include Zuks Ramasia and Philip Saunders - the pair has resigned while the airline was deep into business rescue proceedings.

Kgokolo's mandate is to oversee the handover of SAA from the business rescue practitioners to the airline's interim management and board once the rescue proceedings have been completed. SAA's business rescue process was...

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