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The chair of South African Airways’ audit and risk committee, and one of only 3 remaining non-executive directors, has resigned because the airline seems destined for liquidation. Yakhe Kwinana simultaneously sent a letter Monday announcing her departure to Finance minister Pravin Gordhan and SAA chair Dudu Myeni. In it, she said that “it has come to a stage where I had to weigh the risks of staying”. If SAA was liquidated with her as a director it could disqualify her from the boards of her own companies, she said. According to Kwinana, her resignation would leave the board dysfunctional. The SAA memorandum of incorporation called for there to be 5 board members of which the majority needed to be non-executives. After Kwinana’s resignation, there were only 4 board members left, of which only 2 were non-executive. <br/>

Turkish Airlines will resume flights next month to Sharm al-Sheikh, nearly a year after they were suspended following the bombing of a Russian jet which took off from the Egyptian resort, the Turkish embassy in Cairo said Wednesday. "Turkish Airlines will be the first of the companies that halted flights after Oct 31, 2015 to resume activities," the embassy said. It said the airline would operate 4 flights a week. British and Russian govts banned their airlines from flying to Sharm al-Sheikh, a popular winter sun destination, because of concerns about security at the airport after the Oct 2015 bombing which killed all 224 people on board. Tourism is a key source of income for Egypt but the number of tourists fell 40% in Q1 of 2016. It is also one of the main sources of foreign currency reserves - which have more than halved since 2011. <br/>