Can SAA return to profitability?
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South Africa Airways (SAA) has appointed its head of operations as acting chief executive.
Zukisa Ramasia takes over from Vuyani Jarana who unexpectedly resigned last week, after less than two years in the job, saying his turnaround strategy for the loss-making airline was being undermined by a lack of state funding and too much bureaucracy.
SAA board member Martin Kingston says the airline's turnaround strategy will not be derailed by Jarana's departure and that a return to profitability in the 2021/22 financial year is still possible with the appropriate funding.
Business Day TV caught up with Kingston for more detail.
Zukisa Ramasia takes over from Vuyani Jarana who unexpectedly resigned last week, after less than two years in the job, saying his turnaround strategy for the loss-making airline was being undermined by a lack of state funding and too much bureaucracy.
SAA board member Martin Kingston says the airline's turnaround strategy will not be derailed by Jarana's departure and that a return to profitability in the 2021/22 financial year is still possible with the appropriate funding.
Business Day TV caught up with Kingston for more detail.
