SAA chief executive disembarks

In a letter to staff‚ Mzimela said her resignation was "not a random move".

"I have given this decision careful thought and feel that now is the best time to relinquish my position as your CEO and allow somebody else to pilot the company into the future‚" she said.

South African Airways (SAA) is expected to report a R1.25-billion loss for the year ended on March 31 when it holds its AGM on October 15.

The exit of Mzimela follows the dramatic walk out by the majority of the board at the airline earlier in October‚ including the chairperson Cheryl Carolus‚ all citing a breakdown in the relationship with the shareholder ministry, the public enterprises department.

Last week the airline won support from national treasury after hard negotiations between treasury and the public enterprises department to support the airline‚ which according to the previous board has a debt-to-equity ratio of -359%.

"I leave with some sadness because I have thoroughly enjoyed being a member of the SAA family for almost three years – and will therefore miss the company and all of you‚" Mzimela said.

"I have a sense of relief because steering this mega national asset is‚ to state the obvious‚ a very demanding and daunting task even under the best of times."

"But as many of you know‚ there has not always been a uniform understanding and appreciation of this mandate from stakeholders‚ which bred a myriad of challenges – as if the operating environment was not daunting enough without this unnecessary discourse and misinformation‚" Mzimela said.

Public enterprises department spokesperson Mayihlome Tshwete said the department had been informed of her departure.

"Yes we have received the resignation. We have accepted the resignation, but it was not with immediate effect," said Tshwete.


"She will remain with us for some weeks until we find a suitable person to act in the interim."

SAA spokesperson Tlali Tlali could not confirm the resignation when contacted for comment. – Sapa, I-Net Bridge

These are unprecedented times, and the role of media to tell and record the story of South Africa as it develops is more important than ever. But it comes at a cost. Advertisers are cancelling campaigns, and our live events have come to an abrupt halt. Our income has been slashed.

The Mail & Guardian is a proud news publisher with roots stretching back 35 years. We’ve survived thanks to the support of our readers, we will need you to help us get through this.

To help us ensure another 35 future years of fiercely independent journalism, please subscribe.

Advertising

ConCourt settles the law on the public protector and interim...

The Constitutional Court said it welcomed robust debate but criticised the populist rhetoric in the battle between Busisiwe Mkhwebane and Minister Pravin Gordhan

Small towns not ready for level 3

Officials in Beaufort West, which is on a route that links the Cape with the rest of the country, are worried relaxed lockdown regulations mean residents are now at risk of contracting Covid-19
Advertising

Press Releases

Covid-19 and Back to School Webinar

If our educators can take care of themselves, they can take care of the children they teach

5G technology is the future

Besides a healthcare problem Covid-19 is also a data issue and 5G technology, with its lightning speed, can help to curb its spread

JTI off to court for tobacco ban: Government not listening to industry or consumers

The tobacco ban places 109 000 jobs and 179 000 wholesalers and retailers at risk — including the livelihood of emerging farmers

Holistic Financial Planning for Professionals Webinar

Our lives are constantly in flux, so it makes sense that your financial planning must be reviewed frequently — preferably on an annual basis

Undeterred by Covid-19 pandemic, China and Africa hold hands, building a community of a shared future for mankind

It is clear that building a community with a shared future for all mankind has become a more pressing task than ever before

Wills, Estate Administration and Succession Planning Webinar

Capital Legacy has had no slowdown in lockdown regarding turnaround with clients, in storing or retrieving wills and in answering their questions

Call for Expression of Interest: Training supply and needs assessment to support the energy transition in South Africa

GIZ invites eligible and professional companies with local presence in South Africa to participate in this tender to support the energy transition

Obituary: Mohammed Tikly

His legacy will live on in the vision he shared for a brighter more socially just future, in which racism and discrimination are things of the past

The best local and international journalism

handpicked and in your inbox every weekday