SAA has issued a second summons against former chief executive Khaya Ngqula, this time for more than $3,4-million (R24,8-million).
Senior staff at SAA could face charges as prosecutors study forensic reports of wrongdoing under the watch of former CEO Khaya Ngqula.
SAA paid out bonuses of R60,7-million to 153 managers over three years — at an average of almost R400Â 000 per employee.
A chorus of approval greeted SAA chair Cheryl Carolus after she delivered a report to MPs on actions being taken against the airline’s former CEO.
The SAA board’s decision to institute action against its former CEO Khaya Ngqula was welcomed by Cosatu and the DA on Tuesday.
The board of South African Airways (SAA) will institute action against its former, CEO Khaya Ngqula, who left the company in March 2009.
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/ 29 September 2009
Former South African Airways CEO Khaya Ngqula was paid a total of R13,651-million in the past financial year, it emerged on Tuesday.
Cabinet on Wednesday conceded that the SAA board had consulted with the relevant minister on the settlement reached with CEO Khaya Ngqula.
SAA could make a claim against sacked CEO Khaya Ngqula should an investigation find he acted improperly during his tenure at the airline.
Cabinet ministers are seething about the payout reportedly given to Khaya Ngqula, the chief executive of South African Airways.
After becoming SAA CEO Ngqula, reported directly to Erwin rather than Parliament’s public enterprises committee, according to a source.
The board of South African Airways has fired suspended chief executive Khaya Ngqula, it said in a statement on Tuesday.
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/ 22 February 2009
The <i>Mail & Guardian</i> reveals a fresh conflict of
interest for the SAA boss.
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/ 11 February 2009
An independent investigation will be conducted into SAA’s chief Khaya Ngqula and his executive team, the board of directors said on Tuesday.
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/ 2 February 2009
The DA is calling for the immediate resignation of Khaya Ngqula, the chief executive of South African Airways.
The state-owned airline has received R20-billion in bail-outs in the past five years, reports Lynley Donnelly.
The Department of Home Affairs said on Wednesday it planned to establish shelters for foreigners who have fled xenophobic attacks over the last two weeks. The BBC reported on Wednesday that seven ”refugee camps” would be set up. By Monday night there were an estimated 17 000 displaced foreigners left in Johannesburg.
Several institutions, including the Development Bank of Southern Africa, and national carrier South African Airways, offered funding totalling more than R20-million to xenophobia victims on Tuesday. SAA chief executive Khaya Ngqula said the airline would donate about R750 000 to the Red Cross.
South African Airways (SAA) and its pilots have reached a three-year salary and restructuring agreement, the airline announced on Thursday. The agreements would facilitate greater labour stability and assist the airline with its return to sustainable profitability, CEO Khaya Ngqula said.
State-owned South African Airways (SAA) said on Tuesday its restructuring plan was on track but rising oil prices and a volatile exchange rate posed big challenges. The airline said last year it was seeking to save R638-million in labour costs in a bid to return to profitability and could shed more than 2 000 jobs as part of a restructuring exercise.
South African Airways (SAA) is not considering major price increases this year following an escalation of international fuel prices, said CEO Khaya Ngqula on Wednesday. He was addressing a media briefing at Airways Park on the plans the airline is developing with Star Alliance, an international group of airlines.
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/ 8 November 2007
South African Airways (SAA) posted a net profit before tax and restructuring charges of R136-million for the six months ended September 2007, after a period of massive losses, acting chief financial officer Clive Else said on Thursday. Revenue rose to R11-billion from R9,6-billion, reflecting a 1,2% profit margin.
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/ 6 September 2007
The South African Transport and Allied Workers’ Union on Wednesday vowed to counter a South African Airways (SAA) restructuring plan, saying management had lied to it and that ”the laws of the jungle shall now apply”. The union issued a statement after the airline’s chief executive, Khaya Ngqula, told media on Wednesday that it was essential to revise work packages.
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/ 5 September 2007
South African Airways (SAA) is finalising the standardisation of working conditions with trade unions in its ”deep and fundamental” restructuring process, chief executive Khaya Ngqula said on Wednesday. He also said the process of grounding SAA’s costly Boeing 747-400 fleet by November is on track.