Head Of South Africa's Troubled State Airline Exits
The chief executive of South African Airways has stepped down, the government said on Monday, just days after Pretoria promised to shoulder ...
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The chief executive of South African Airways has stepped down, the government said on Monday, just days after Pretoria promised to shoulder $600 million in loan guarantees for the struggling state-owned airline.
The Department of Public Enterprises said in a statement Siza Mzimela had resigned and the airline's board would begin a search for her successor.
The government promised last week to guarantee $600 million in loans for the airline, a move that could put further pressure on an already strained national budget.
South Africa's state-owned companies, including SAA and national broadcaster SABC, have come under fire for what critics say is excessive spending of taxpayer money.
News Source: Reuters
The Department of Public Enterprises said in a statement Siza Mzimela had resigned and the airline's board would begin a search for her successor.
The government promised last week to guarantee $600 million in loans for the airline, a move that could put further pressure on an already strained national budget.
South Africa's state-owned companies, including SAA and national broadcaster SABC, have come under fire for what critics say is excessive spending of taxpayer money.
News Source: Reuters