South African Airways appoints interim CEO

South African Airways (SAA) has appointed GM for operations Zuks Ramasia as acting CEO following the resignation of Vuyani Jarana. Ramasia assumed her new role June 10. The change comes as the state-owned airline says it is again facing financial problems. The carrier has been kept alive by several cash infusions from the government over recent years. “The board acknowledges the critical financial circumstances confronting the company and is in ongoing discussions with the Department of Public Enterprises, National Treasury and financial institutions with respect to putting in place a financial structure appropriate to supporting the long-term sustainability of the company,” SAA said. The board added that it had begun a search, locally and internationally, for a permanent CEO “with appropriate experience and expertise to stabilise the company and to oversee the implementation of the long-term turnaround strategy.”<br/>