The Minister of Transport, Ms Barbara Creecy, has announced that Cabinet has approved the appointment of the Board of Directors for South African Airways (SAA).
The Chairperson is Ms. Sedzani Faith Mudau, who is a CA by profession and a former SAA employee.
The Deputy Chairperson is Ms. Fathima Gany served on the Interim Board, which has just completed its term.
Other board members are the following:
- Mr. Theunis Potgieter
- Mr. Mongezi India
- Mr. Dennis Dlomo
- Ms. Pamela Bulelwa Yako
- Ms. Bongiwe Pityi
- Dr. Salome Chiloane-Nwabueza
- Dr. Prittish Dala
- Mr. Lisa Mangcu
- Ms. Bongiwe Mbomvu
- Ms. Siphumelele Dlungwane
- Adv. Johannes Collen Weapond
In the Minister’s media statement, Creecy notes that “This team of men and women have collective experience in aviation, air services and airport administration; business, logistics and commercial operations; governance and public policy, law, tourism, security and financial administration and public accounts.
The new Board will lead an entity that is currently focused on stabilising its operating model following a return to profitability over the last two years.
The Board will bolster SAA’s governance processes by improving responses to audit findings and ensuring that the airline’s financial independence is maintained.
I must once again thank the outgoing Interim Board, who led SAA from business-rescue exit in 2021 to becoming a stable flag carrier, operating seventeen routes, including three intercontinental city-pairs.
We trust that the new Board will use the debt-free balance sheet and ring-fenced liquidity to ensure a fleet expansion plan which lifts the SAA capacity from twenty to fifty-plus aircraft by 2030.
To do this, the shareholder expects the new Board to embark on a capital-raising programme, supported by internally generated cash, operating leases and market funding, which enables fleet modernisation without new sovereign guarantees.”
