South African Finance Minister announces new SAA board members

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The South African Minister of Finance, Malusi Gigaba has announced the appointment of six new members to the Board of South African Airways (SAA), as well as the full slate of Non-Executive board members at the airline, which have been approved by the Cabinet.

Joining the Board is Johannes Bhekumuzi Magwaza as the new Chairperson and Nolitha Fakude as the Deputy Chairperson and non-executive director. New Board members who will serve as Non-Executive directors are: Geoff Rothschild, Ahmed Bassa, Tinyiko Mhlari and Martin Kingston.

Current Non-Executive directors who will continue to serve on the Board are: Bajabulile Swazi Tshabalala, Peter Tshisevhe, Thandeka Nozipho Mogoduso, Peter Holmes Maluleka and Akhter Hoosen Moosa.

Board members who will no longer serve are: Dudu Miyeni, Tryphosa Ramano, Mzimkulu Malunga, Siphile Buthelezi, Nazmeera Moola and Gugu Sepamla.

The changes will be with effective from 3 November 2017, when Gigaba will have a special meeting with the new Board.

The new Board brings talent, expertise and energy to the airline, and they are all highly regarded individuals with a vast and in-depth knowledge of business in both the private and public sectors.

The Minister would like to thank all outgoing Board members for their work at the airline, wish incoming members well with their tenure at the airline.

The Minister hopes that the new Board, together with the incoming Chief Executive Officer, Vuyani Jarana, will implement the airline’s structural strategy and bring it to financial stability, as set out in his 14 Confidence Boosting Measures.

The new Board is well experienced and diverse, and the Minister encourages them to ignore the political noise, and focus on the business of strengthening SAA. At the heart of these appointments, is a commitment from the South African Government to strengthen the airline, and create conditions to see the transformation of all our state-owned companies.

All Board members, incoming and those who will no longer serve, have been notified of these developments.

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Bontle Moeng is the Founder and Managing Director of BizNis Africa. Moeng has spent 16 years working in the digital and online media industry across Africa. She applied her trade at True Love magazine prior to discovering her passion for Investment news in key sectors across Africa. Moeng previously worked for ITWeb, Starfish Mobile Technologies, ITNewsAfrica, AVATAR Agency, eNitiate, Global Interface Consulting and Havas Johannesburg. Her primary focus is to provide solid and valuable content on investment opportunities for the ICT, Energy and Mining sectors across Africa. In addition, the online news publication assists global companies to expand their presence in Africa. Email: news@biznisafrica.co.za

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