SAA announces new interim acting CEO
South African Airways (SAA) announced recently the appointment of Zuks Ramasia as its acting CEO while it looks for a permanent replacement.
Ramasia was previously general manager: operations.
The board made the announcement at a briefing recently. The briefing was held to provide an update on the state of the national carrier following the resignation of its CEO Vuyani Jarana last week. It said that Jarana would no longer be the CEO as of Monday although he would stay on until the end of August.
In his resignation letter, Jarana highlighted several key issues at the State-owned enterprise.
According to his resignation letter to SAA board chairperson JB Magwaza, Jarana unpacked how uncertainty about funding and slow decision making processes were delaying the airline’s turnaround strategy.
“The strategy is being systemically undermined, and as the Group Chief Executive Officer, I can no longer be able to assure the board and the public that the LTTS (long term turnaround strategy) is achievable,” he said.
Jarana said he was prepared to work a three-month notice period until August 31
Related Posts
Prudential Zenith Life appoints new leaders after acquisition
Prudential Zenith Life Insurance Limited (PZL) has announced the appointment of ‘Tokunboh Ishmael as Chair of its Board…
By
Agboola advocates stronger cross-border infrastructure
Flutterwave CEO and Founder, Olugbenga “GB” Agboola , has called for accelerated investment in Africa’s cross-border payment infrastructure…
Munga increases stake in Equity Group by over $1.2m
Equity Group founder, Peter Munga, has made a strong return to the lender’s shareholder register, purchasing 3.64 million…
Nigerian Breweries gains N383bn revenue in Q1 2025
Nigerian Breweries Plc (NB) has posted a strong financial turnaround, recording a 69 per cent increase in net…
Gallery
