NEW BOARD TO STRENGTHEN SOUTH AFRICAN AIRWAYS

The new South African Airways (SAA) Board will bring a wealth of skills and expertise to the national carrier, government said on Friday.

"The new full-strength Board brings a wealth of skills and expertise, making them well positioned to oversee the turnaround of the airline.

"These skills include finance, risk management, treasury management, investment management, project management, business strategy, marketing and business management, legal, banking, stakeholder management, communication and social development," said Acting Government Communication and Information System (GCIS) Director General Donald Liphoko.

Cabinet announced earlier on Friday that it had discussed the appointment of the Board of SAA at its ordinary meeting this week.

Cabinet approved the reappointment of Duduzile Cynthia Myeni as Chairperson of the Board with Mmakeaya Magoro Tryphosa Ramano appointed as the Deputy Chairperson and non-executive director.

The term of the previous non-executive Board members expires with the appointment of the new Board.

In total, 11 new non-executive directors have been appointed to the Board of SAA for a three year period starting from 1 September 2016.

"Ms Duduzile Cynthia Myeni, the current Chairperson of the Board of SAA, has been reappointed for a period of two years," said Liphoko.

Myeni is a successful entrepreneur and business woman with expertise in business strategy and development. She has been a member of the Board and as the Chairperson of the Board she spearheaded the transformation agenda at SAA.

Ramano, former SAA Chief Financial Officer (CFO) is a chartered accountant and the Chief Financial Officer and member of the Board of PPC Cement.

In terms of Clause 13.1 of the Memorandum of Incorporation (MOI) SAA's Board is to be appointed by the Minister of Finance Pravin Gordhan, as the Executive Authority for SAA, in consultation with Cabinet.

Source: NAM NEWS NETWORK