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SAA appoints fifth CEO in five years while business rescue process drags on

16 April 2021 9:21 AM
Tags:
SAA
SAA business rescue
state-owned airline

Thomas Kgokolo has been appointed as the interim CEO of SAA, which is still in the throes of a nearly 16-month-long business rescue process.

Kgokolo is a qualified chartered accountant who has mostly engineered a career in the public sector, according to Daily Maverick.

The interim boss becomes SAA’s fifth CEO in five years.

RELATED: SAA promised customer ticket refunds but seems to have backpedaled, says Asata

Daily Maverick journalist Ray Mahlaka reports that the airline has now had three CEOs since it was placed under a voluntary business rescue process in December 2019.

He says SAA is still in business rescue after 15 months with no end in sight.

RELATED: SAA business rescue plan approved, new airline to launch at cost of billions

Business rescue practitioners are embroiled in a legal battle with SAA pilots over outstanding salary payments and retirement conditions, Mahlaka tells CapeTalk.

We are now in a 16-month long business rescue process... and there are no signs of the process being completed.

Ray Mahlaka, Journalist - Daily Maverick

At a leadership level at SAA, there is no permanent CEO. There's no permanent board in place and there's no permanent management in place.

Ray Mahlaka, Journalist - Daily Maverick

It seems like there isn't any indication so far about when SAA will return to the skies and when the business rescue process will be complete.

Ray Mahlaka, Journalist - Daily Maverick

Without the pilots, SAA cannot return to the skies... With SAA still being grounded, it's losing market share.

Ray Mahlaka, Journalist - Daily Maverick

It's quite hard to restart the operations of an airline once it has been grounded for more than a year.

Ray Mahlaka, Journalist - Daily Maverick

Listen to Ray Mahlaka in conversation with Refilwe Moloto:




16 April 2021 9:21 AM
Tags:
SAA
SAA business rescue
state-owned airline

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