Zuks Ramasia Gets Appointed As Interim CEO

The SAA board on Friday announced Zuks Ramasia as the SAA interim CEO while they look for a replacement. She was previously the general manager of operations.

The outgoing CEO, Vuyani Jarana, was meant to vacate office at the end of August, after serving his notice period, but he will now be out by the end of the weekend, with the board saying he will briefly hand over by Monday.

They expressed sadness at his departure.

Jarana said in his resignation letter that the company’s strategy was being “systemically undermined”. He also recently complained about legislation holding back the company’s competitiveness.

In April, Jarana had announced his turnaround strategy for the airline, which was bailed out by the government last year, with R5 billion allocated in the medium-term budget policy statement to help it face a looming debt crisis.

The airline had R19.1 billion worth of government guarantees, of which R14.5 billion were already used and, in March next year, one billion of this will be maturing.

The government said the allocation was to help SAA repay this debt.


Written by How South Africa

Leave a Reply

Your email address will not be published. Required fields are marked *


President Ramaphosa Stands His Ground Despite Reserve Bank Disagreement

Kruger Park Rangers Locates Missing Lions In Phalaborwa