Who is the new owner of SAA?

In June, the Department of Public Enterprises (DPE) announced a new deal that will see the Takatso consortium – consisting of infrastructure investment group Harith General Partners and Global Airways, which runs an aircraft lease business and also owns low-cost airline LIFT – hold 51% of SAA, with government keeping …

Does SAA have a CEO?

JOHANNESBURG – South African Airways (SAA) has appointed a new chief executive officer as Thomas Kgokolo prepares to leave the airline at the end of the month. John Lamola will take on the role of executive chairperson and CEO from 1 May.

What is happening with SAA?

After 17 months in administration the airline finally emerged from business rescue in April 2021 and in June the Minister for Public Enterprises, Pravin Gordhan, announced that 51% of SAA would be sold to the Takatso consortium which included Harith General Partners and Global Aviation.

Is SAA coming back?

The first flight from Johannesburg to Durban will depart on Friday morning, marking the introduction of SAA’s second domestic route since returning to the skies back in September 2021.

Who is Yakhe Kwinana?

Kwinana, the director of an auditing firm, served as a board member at the national flag carrier between 2009 and 2016, including as head of its audit and risk committee.

Is SAA now privately owned?

The Takatso Consortium and Cabinet confirmed on Thursday that the sale and purchase process of a majority stake in SAA has now been concluded and signed by the Department of Public Enterprises.

How much does SAA CEO earn?

CEO Salaries

Job Title Salary
Terra Firma Solutions Chief Executive Officer (CEO) salaries – 1 salaries reported ZAR 2,123,931/yr
Ensight (South Africa) Chief Executive Officer (CEO) salaries – 1 salaries reported ZAR 1,706,903/yr
TSIBA Education NPC Chief Executive Officer (CEO) salaries – 1 salaries reported ZAR 792,000/yr

Is SAA still operating?

SAA went into business rescue in December 2019 and exited business rescue 16 months later in April 2021. It started commercial flights again in September of that same year after it stopped 15 months before in May 2020.

Is SAA flying to USA?

SAA flies direct into Washington 7 times a week and Washington Dulles Airport is an excellent connecting point to see the rest of North America, as our Star Alliance partner, United Airlines has a hub there.

Is SAA operating now?

Who owns majority of SAA?

South Africa South African Airways will now be 51% owned by a private consortium, Public Enterprises Minister Pravin Gordhan announced Friday. At a virtual press conference, Gordhan said “The government has agreed that the financial partner will hold 51% of the shares and the government 49%.”

Will SAA cease operations?

The airline is aware of media reports suggesting that it will cease operations. SAA is always committed to transparently communicate with all stakeholders, including customers, about any material or significant operational changes that may have an impact on flight schedules.

Is Thomas Kgokolo leaving SAA as CEO?

The interim CEO of South African Airways (SAA) Thomas Kgokolo is to leave the airline at the end of April 2022. Kgokolo was appointed in April last year on an interim basis when SAA exited business rescue. John Lamola will assume the role of the executive chair as well as CEO with effect from 1 May 2022.

How many CEOs have SAA and Eskom lost?

SAA and Eskom have lost their CEOs – continuing on a long line of chaotic executive developments. Between them the two state-owned enterprises have had 21 CEOs in the past decade. Many of the CEOs left the SOEs under a cloud. For more, go to Business Insider SA.