Cape Town – Public Enterprises Minister Pravin Gordhan on Monday appointed an Interim Board of Directors for South African Airways (SAA).
The interim board iseffective from April 15 2023.
It will be led by Derek Hanekom, a former tourism minister who is likely to have a firm grasp of the economic importance of facilitating the influx of tourists into South Africa.
Professor John Lamola – who was the air carrier’s chairperson – will remain as an interim non-executive director and will continue as interim Chief Executive Officer.
Joining the two on the board are:
- Fathima Gany
- Fundi Sithebe
- Mahlubi Mazwi
- Advocate Johannes Weapond
- Clarissa Appana
- Dumisani Sangweni
This comes as Takatso prepares its 51% takeover of SAA, according to CapeTalk.
Gordhan said the appointment of the board underscores the government’s unwavering commitment to the success and stability of the airline.
“Their exceptional experience and expertise will guide the airline toward a prosperous future in collaboration with the Takatso Consortium.
“We recognise the challenges SAA has faced in the past and the importance of learning from those experiences to ensure the airline’s future success. The government is resolute in demonstrating our dedication to restructuring SAA and revitalising state-owned enterprises, as part of our broader commitment to promoting economic growth and development.
“To support SAA in achieving its goals, we have put in place strategies and plans that align with the airline’s vision and objectives,” Gordhan said.
The Department of Public Enterprises said that the appointments mark “a significant step forward in the national carrier’s ongoing transformation” and they will serve until “the introduction of the Strategic Equity Partner, Takatso Consortium”.
The primary focus areas of the interim board encompass providing strategic leadership to the transitional management team and overseeing the integration of the Strategic Equity Partner, Takatso Consortium. The Consortium is poised to acquire a 51% majority stake in SAA, with the transaction presently undergoing regulatory review.
“The Interim Board remains dedicated to tackling key priorities, including implementing cost-saving measures, expanding route networks, elevating customer satisfaction, and expediting all requisite regulatory preparations to ensure a seamless transition as the Takatso Consortium assumes its role as the majority shareholder,” the department said.
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Compiled by Betha Madhomu
