TimesLIVE reports that the South African Airways (SAA) board has accepted the resignation of Vuyani Jarana, group chief executive officer.
Jarana, who joined SAA in November 2017, was tasked with leading a strategy to return the airline to financial and operational sustainability. In June last year, he accepted a challenge from Free Market Foundation executive director Leon Louw to pay R100‚000 to charity if his three-year turnaround plan for the airline did not succeed. If he had led the airline into profit‚ Louw would have had to stump up the cash. In his resignation letter, Jarana cited slow decision-making and red tape at the airline, as well as blurred lines of accountability, for his departure. JB Magwaza, SAA chairman, commented that the airline would continue to implement actions to reduce SAA’s cost structure and make the airline more competitive domestically and globally. In terms of his contractual obligations, Jarana has committed to remain until the end of August to ensure an orderly transition of his responsibilities.
- Read the full original of the report on the above summary at TimesLIVE
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