Corporate Affairs

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    Organisations call for strong leadership at SAA following CEO’s resignation

    The South African Airways Pilots Association (Saapa) has expressed concern about reports that outgoing South African Airways (SAA) CEO Vuyani Jarana’s turnaround plan had been “sabotaged internally and externally”. “In the end, the CEO was hobbled by inflexible and restrictive government policy, as well as the board and shareholder taking active roles in executive decision-making. This was exacerbated by the SAA executive structure and an executive management team that had remained mostly unchanged since the Dudu Myeni era,” Saapa chairperson Grant Back noted in a statement on Monday.

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    CEO looks back on Thyssenkrupp’s 60 years of success in South Africa

    Engineering and steel production company Thyssenkrupp Industrial Solutions South Africa this year celebrates 60 successful years of engineering excellence in Africa.

    The company on Monday said this milestone was testament to the diversified industrial group’s enduring commitment to delivering premium-quality and holistic solutions to its customers.

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    CEO looks back on Thyssenkrupp’s 60 years of success in South Africa

    Engineering and steel production company Thyssenkrupp Industrial Solutions South Africa this year celebrates 60 successful years of engineering excellence in Africa.

    The company on Monday said this milestone was testament to the diversified industrial group’s enduring commitment to delivering premium-quality and holistic solutions to its customers.

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    Jarana’s resignation a sign SAA is almost irredeemable – Outa

    The Organisation Undoing Tax Abuse has responded to South African Airways group CEO Vuyani Jarana’s resignation, saying it is a sign that the national carrier cannot be saved as long as it is wholly State-owned. SAA confirmed Jarana’s resignation on Sunday evening, adding that his four-page resignation letter had been accepted by SAA chair JB Magwaza. Jarana cited a lack of certainty around the funding for his turnaround strategy as a stumbling block in efforts to turn the carrier around. In a statement released on Monday, Outa executive director said South Africans had watched for 11 years as government continued to fund SAA to the tune of R50-billion to keep it afloat.

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    Jarana’s resignation a sign SAA is almost irredeemable – Outa

    The Organisation Undoing Tax Abuse has responded to South African Airways group CEO Vuyani Jarana’s resignation, saying it is a sign that the national carrier cannot be saved as long as it is wholly State-owned. SAA confirmed Jarana’s resignation on Sunday evening, adding that his four-page resignation letter had been accepted by SAA chair JB Magwaza. Jarana cited a lack of certainty around the funding for his turnaround strategy as a stumbling block in efforts to turn the carrier around. In a statement released on Monday, Outa executive director said South Africans had watched for 11 years as government continued to fund SAA to the tune of R50-billion to keep it afloat.

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    Imperial Logistics restructures its South African business further

    Faced with “increasingly competitive and challenging economic conditions” in South Africa, Imperial Logistics says it is intensifying the restructuring of its South African business. As part of this process, Imperial will further rationalise its loss-making Consumer Packaged Goods business by exiting and selling certain assets, while it will also aim to retain key contracts and accommodate these in other business units under a different commercial model.

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    Imperial Logistics restructures its South African business further

    Faced with “increasingly competitive and challenging economic conditions” in South Africa, Imperial Logistics says it is intensifying the restructuring of its South African business. As part of this process, Imperial will further rationalise its loss-making Consumer Packaged Goods business by exiting and selling certain assets, while it will also aim to retain key contracts and accommodate these in other business units under a different commercial model.

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    Mbalula wants urgent probe into Pretoria Metrorail and Transnet tamping machine crash

    Transport Minister Fikile Mbalula has instructed the Railway Safety Regulator (RSR) to prioritise its investigation into the crash involving a Transnet tamping machine carrying out railway track maintenance and a new Metrorail train at Eerste Fabrieke Station in Mamelodi in Pretoria, injuring at least 57 people, on Saturday evening. Mbalula expressed well-wishes and a speedy recovery to the injured passengers, saying he was personally saddened by the incident which was “indeed a baptism of fire” after he had only been in his new job for two days. “It is a call to act, and to act now. And that is exactly what I have done,” he said on Sunday.

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    Mbalula wants urgent probe into Pretoria Metrorail and Transnet tamping machine crash

    Transport Minister Fikile Mbalula has instructed the Railway Safety Regulator (RSR) to prioritise its investigation into the crash involving a Transnet tamping machine carrying out railway track maintenance and a new Metrorail train at Eerste Fabrieke Station in Mamelodi in Pretoria, injuring at least 57 people, on Saturday evening. Mbalula expressed well-wishes and a speedy recovery to the injured passengers, saying he was personally saddened by the incident which was “indeed a baptism of fire” after he had only been in his new job for two days. “It is a call to act, and to act now. And that is exactly what I have done,” he said on Sunday.

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    SAA’s Jarana quits over lack of State support

    South African Airways (SAA) CEO Vuyani Jarana quit the financially stricken State-owned company, citing a lack of funding and drop in government support for the carrier’s turnaround plan. The former Vodacom Group executive was brought in about 18 months ago to lead a recovery at the airline, which has been unprofitable since 2011 and mired in mismanagement and corruption scandals. But a lack of clarity on state funding and the slow nature of decision-making processes persuaded him to resign, according to a letter sent to SAA chairperson Johannes Bhekumuzi Magwaza seen by Bloomberg.

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