Opposition Parties Blame Dudu Myeni For The R4,67 Billion SAA Loss


SA opposition party, the DA calls for the immediate removal of the recently reappointed head of  the South African Airline, Dudu Myeni following the latest report of yet another R4.67-billion SAA loss made in 2014/15 business activities.

South African Airways (SAA) incurred a R4.67-billion loss in 2014/15, according to the provisional annual financial statements released to Parliament on Thursday.

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This happens just few weeks after Dudu Myeni’s reappointment as the Head of the South African Airline.

The Democratic Alliance which has long opposed the reappointment of Myeni as the head of the airline, blamed her for the major loss incurred by the firm under her watch.

“There remains no doubt that the required management revolution at SAA has a low probability of materializing under the leadership of Dudu Myeni, who behaves less like a chairperson, and more like a corporate warlord, and who has single-handedly driven SAA to the brink of liquidation,”DA said as it calls for Myeni’s removal to prevent further SAA loss

The party also blamed the cabinet for taking an “irrational decision” to re-appoint Dudu Myeni as the Chair of the SAA board for a further year despite all its warnings.

Prior to the release of the financial statement, finance minister Pravin Gordhan mentioned to the parliament that the state-owned business was experiencing a massive loss.

“I think we owe it to the South African public that we be honest and frank and truthful about the financial status of the airline. For the year 2014-15 where the annual financial statements are about to be concluded – it is correct, there was a loss of R4.7-billion.”

Though the airline blames its loss on the weak rand, tough competition, rising finance costs and the outbreak of the Ebola virus in West Africa which occurred during the financial year, the DA and the Economic Freedom Fighters (EFF) has both blamed  the airline head for the loss, requesting her  immediate removal.

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The EFF on its part, vows to bring down the controversial SAA board chairperson Dudu Myeni, by exposing her self-enrichment through the state-owned companies, thus leading to the massive SAA loss.

 The DA on the other hand, said it will be submitting a formal application for a review of the Dudu Myeni appointment which will be lodged with the court.