{"id":322095,"date":"2019-06-07T11:36:33","date_gmt":"2019-06-07T09:36:33","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=322095"},"modified":"2019-06-07T11:36:33","modified_gmt":"2019-06-07T09:36:33","slug":"saa-appoints-interim-ceo","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/322095\/saa-appoints-interim-ceo\/","title":{"rendered":"SAA appoints interim CEO"},"content":{"rendered":"

South African Airways has appointed Zuks Ramasia as its interim CEO.<\/p>\n

In a televised press conference held on Friday (7 June), the struggling airline said that Ramasia would be taking over from former CEO Vuyani Jarana while the company finds a permanent replacement.<\/p>\n

Ramasia had previously held the role of general manager of operations.<\/p>\n

Jarana officially tendered his resignation in a private board meeting on Thursday (30 May) however, his resignation letter was leaked to the press on Saturday.<\/p>\n

In the letter, the CEO unpacked<\/a> <\/strong>how uncertainty about funding and slow decision-making processes were delaying the airline\u2019s turnaround strategy.<\/p>\n

\u201cThe strategy is being systemically undermined, and as the group chief executive officer, I can no longer be able to assure the board and the public that the LTTS is achievable,\u201d he said.<\/p>\n

\u201cWhereas government injected R5 billion of funding in the 2018\/2019 financial year, a big chunk of that was used to fund creditors up to the end of March 2018.<\/p>\n

\u201cWe have not been able to obtain any further commitment from government making it very difficult to focus on the execution of the strategy,\u201d Jarana said.<\/p>\n

\n

Read: SAA CEO Vuyani Jarana resigns<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

South African Airways has appointed Zuks Ramasia as its interim CEO.<\/p>\n","protected":false},"author":10,"featured_media":282908,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[26],"class_list":["post-322095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/322095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=322095"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/322095\/revisions"}],"predecessor-version":[{"id":322101,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/322095\/revisions\/322101"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/282908"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=322095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=322095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=322095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}