In South Africa: Govt to reappoint Zuma ally as chair of state airline
South Africa is set to reappoint the chairwoman of South African Airways, an ally of president Jacob Zuma, despite objections from some Treasury officials, a Finance Ministry source said Thursday. South African Airways has failed to submit financial statements for the past 2 years, with results for 2015/16 held back by the Treasury's refusal to grant the carrier ZAR5b (US$340m) in additional loan guarantees. Word of the reappointment of SAA chair Dudu Myeni came a day after asset manager Futuregrowth said it had halted lending to state-owned firms over concerns of political interference in their administration. The source said that ministry officials opposed to Myeni's selection had however managed to push through some preferred candidates to the cash-strapped airline's new board. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-09-02/star/in-south-africa-govt-to-reappoint-zuma-ally-as-chair-of-state-airline
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In South Africa: Govt to reappoint Zuma ally as chair of state airline
South Africa is set to reappoint the chairwoman of South African Airways, an ally of president Jacob Zuma, despite objections from some Treasury officials, a Finance Ministry source said Thursday. South African Airways has failed to submit financial statements for the past 2 years, with results for 2015/16 held back by the Treasury's refusal to grant the carrier ZAR5b (US$340m) in additional loan guarantees. Word of the reappointment of SAA chair Dudu Myeni came a day after asset manager Futuregrowth said it had halted lending to state-owned firms over concerns of political interference in their administration. The source said that ministry officials opposed to Myeni's selection had however managed to push through some preferred candidates to the cash-strapped airline's new board. <br/>
