Gigaba Wants New SA Express Board to Rebuild Reputation

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Public Enterprises Minister Malusi Gigaba has told the new board at State-owned airliner SA Express (SAX) that he will be watching its performance with “eagle eyes” as it moves to repair its reputation after financial irregularities.

SAX failed to produce financial statements for 2011/12 and saw the withdrawal of the 2010/11 statements. This led to major damage to the airliner’s reputation recently and raised questions about the competence of those associated with management of the company. With a new board in place, led by Andile Mabizela, the airliner is hoping to repair the damage.

The CEO, Inati Ntshanga, who was appointed in 2010, will remain, as will Dr Bridget Ssamula, the one board member who has not been replaced. The external auditors, Nkonki, were also not reappointed and the Auditor General had been asked to take over the audit function.

A few priorities were highlighted at the group’s annual general meeting (AGM) on Monday. First, a permanent CFO needed to be appointed and secondly an aviation strategy needed to be created which did not contradict the objectives of government or South African Airways (SAA), the national carrier.

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