Fedusa welcomes Myeni probe
THE FEDERATION of Unions of South Africa (Fedusa) welcomes the decision by the Companies Tribunal to investigate the suitability of SAA chairperson Dudu Myeni, especially whether she acted in a delinquent manner in her capacity as director of the SAA board.
The tribunal is a newly established body under the Companies Act and its functions include reviewing administrative decisions and compliance notices of companies.
The Companies and Intellectual Property Commission, the applicant in the case, told the tribunal that, in 2013, Myeni lied twice to former public enterprises minister Malusi Gigaba about the Airbus deal, telling him that the SAA board had agreed to lease only two new aircraft from Airbus when in reality it was leasing 10. Myeni claimed this was a mistake and the case should be thrown out of court.
Ethical leadership is critically needed at SAA to turn the ailing national carrier around as the weak economy can no longer afford to continuously bail it out. The airline has suffered losses of more than R10.5 billion over the past five years and the situation has deteriorated under Myeni. It was reported in the Mail and Guardian of June 15 that Myeni had missed six board meetings since it was appointed by former finance minister Pravin Gordhan. Fedusa media and research officer