SAA suspends CFO, ex-CEO on probe allegations

South African Airways suspended two executives including CFO Phumeza Nhantsi following unspecified allegations made against them in a forensic probe of the state-owned airline. Musa Zwane, who was acting CE for two years until November, has been placed on leave pending a disciplinary hearing, an SAA spokesman said Tuesday. The airline won't comment further while the probe is ongoing and both executives are presumed innocent, he said. South Africa's new president has pledged to clean up state-owned entities that have been embroiled in allegations of mismanagement and corruption. Last week, a government auditor said SAA failed to properly value assets or correctly record irregular or wasteful expenditure. <br/>