THE UGLY

Finweek English Edition - - THE WEEK - Sev­enth CEO in just four years

Peren­ni­ally strug­gling SAA is now on its as chair­woman Dudu Myeni, who en­joys a close re­la­tion­ship with Pres­i­dent Ja­cob Zuma, con­tin­ues her board­room reign of de­struc­tion. More con­cern­ing is her com­plete dis­re­gard for Trea­sury and fi­nance min­is­ter Nhlanhla Nene, who took con­trol of the air­line’s dire fi­nan­cial af­fairs af­ter its last bailout. The out­come of this show­down will show us if Trea­sury has any po­lit­i­cal cap­i­tal at all to en­force con­trol over gov­ern­ment spend­ing.

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