R/€ = 14.26
R/$ = 10.36
Au 1262.44 $/oz
Pt 1389.50 $/oz
Sep 11, 2003
State appoints new SAA boardBack
Mineworkers Investment Company|Public Enterprises|SAA Andre Viljoen|SAA R Forson|South African Airways|Transnet Mafika Mkwanazi|Transnet S Mabaso|Africa|Charles Okeahalam|Cheryl Carolus|Don Ncube|Jeff Radebe|Paul Nkuna|Rigas Doganis
© Reuse this Minister of the Department of Public Enterprises (DPE) Jeff Radebe announced yesterday the newly appointed board of directors of South African Airways (SAA).
The appointment comes at a time when SAA is facing challenges in the aviation market coupled with the strengthening rand as well as the impact of the Sars virus.
Radebe, however, said, “government is confident that despite these challenges SAA has what it takes to survive and even compete head-on with major airlines”. SAA’s strategy known as Perfecting the Basics has a particular emphasis on growing business in Africa, which seems to be a relatively untapped market at this stage. The identification of the new board of SAA has been in part influenced by this strategy, as government is serious in rolling out the Nepad strategy, which will ensure that Africa is adequate serviced.
“It is apparent that tight financial management by the company will ensure its survival and success going forward, therefore, strong finance people have been identified for the board. Overall, people who are being appointed here today are dynamic in business and strategy and therefore will be able to take SAA into great heights,” Radebe said.
Directors to be retired by rotation include non-executive director L Konar and CFO of Transnet S Mabaso.
Directors to be retained are non-executive chairperson Don Ncube, CEO of SAA Andre Viljoen, CFO of SAA R Forson and CEO of Transnet Mafika Mkwanazi.
Directors recommended for appointment include Marumo Moerane, Cheryl Carolus (CEO SA Tourism), Paul Nkuna (CEO of the Mineworkers Investment Company), Tshidi Mokgabudi (CA chairperson of Transnet Audit Committee), Charles Okeahalam and Rigas Doganis.
Edited by: laurian clemence© Reuse this Comment Guidelines
Updated 4 hours ago Despite an uptick in year-on-year manufacturing output, the outlook for the manufacturing sector remained subdued, banking group Nedbank’s economic unit said on Tuesday. Against the market consensus of a 2.1% contraction and a 3.3% decline in September, Statistics...
Updated 5 hours ago Airline passenger demand was expected to rise more than 30% in the next four years, the latest report by the International Air Transport Association (Iata) revealed on Tuesday. The Iata Airline Industry Forecast 2013 to 2017 showed that, by 2017, there would be a...
Updated 5 hours ago Following her surprise resignation earlier this week, ArcelorMittal South Africa CEO Nonkululeko Nyembezi-Heita has been appointed chairperson and nonexecutive director of the JSE, replacing outgoing chairperson Humphrey Borkum. Nyembezi-Heita, who had served as...
Recent Research Reports
Defence 2013: A review of South Africa's defence industry (PDF Report)
Creamer Media’s 2013 Defence Report examines South Africa’s defence industry, with particular focus on the key players in the sector, the innovations that have come out of the defence sector, local and export demand, South Africa’s controversial...
Road and Rail 2013: A review of South Africa's road and rail infrastructure (PDF Report)
Creamer Media’s Road and Rail 2013 Report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Liquid Fuels 2013 (PDF Report)
Creamer Media’s 2013 Liquid Fuels report examines South Africa’s liquid fuels market, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing,...
Projects in Progress - Second Edition (PDF Report)
Creamer Media’s second Projects in Progress supplement considers some of the major project developments under way, including high-profile energy and transport projects, as well as a few of the lower-profile public and private developments. What remains apparent is...
Water 2013: A review of South Africa’s water sector (PDF Report)
Creamer Media’s Water 2013 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Canadian Mining Roundup for June 2013 (PDF Report)
The June 2013 roundup includes details of the development of TSX-V-listed Aldridge Minerals’ flagship Yenipazar polymetallic project, in Turkey; the Canadian Nuclear Safety Commission’s renewal of Cameco’s uranium mining licence pertaining to the Cigar Lake...
This Week's Magazine
Mitsubishi Motors South Africa (MMSA) has introduced a 4x2 derivative of its Pajero Sport sports-utility vehicle (SUV), which will give it access to a substantial slice of the full-size SUV market, where it will compete with the likes of the Ford Everest, Chevrolet...
South African Energy Minister Ben Martins has affirmed that the government wants the country to be globally competitive in the nuclear sector. "Our responsibility has always been ... to ensure that, in nuclear energy, South Africa can compete with the rest of the...
Mercedes-Benz South Africa (MBSA) president and CEO Dr Martin Zimmermann describes the new S-Class as “a special place to be”, with the car creating a sense of “wellness” once you are seated inside the German brand’s flagship model. It is difficult to argue...
Water scarcity and water-quality issues are broadly recognised and understood in most political, business and civil organisations in South Africa, but solving water issues will require wide and continuous action in catchments and municipalities by organisations and...
Work is well under way on the R212-million Imvutshane dam, 30 km north-west of Stanger, in KwaZulu-Natal, which is a key link in supplying people in rural Maphumulo with a reliable source of safe drinking water.