ARCHIVES: Broke SAA goes on spending spree

Struggling state airline SAA is splurging millions on executives and consulting firms in a spending frenzy that has been described as “worrying”.

• SAA has hired a new general manager for legal, risk and compliance, Mpati Qofa, at a salary of R4.2‑million — double that of her predecessor, Ursula Fikelepi; These include acting chief financial officer Robert Head, whose remuneration SAA has declined to confirm. This is despite Head being an executive at a state entity, meaning that his package should be in the public domain.

The current spending spree at SAA is in direct contradiction with recent moves by state power utility Eskom — another parastatal in the same boat as SAA — to curb staff costs.Public sector unions are in a standoff with Eskom’s management over an announcement this week that there would be no salary increases and no bonuses for top management.

The insider continued: “Outside, there are people who will ask these questions and say: ‘If you are taking away volume but you are not cutting your costs proportionately, how do you claim you are going to make money?’” He also said the Boeing pilots had been added to the Airbus roster, and were not being paid for doing nothing. “What is real, though, and we have been open about it is that we have excess pilots and we are busy finding ways to address the challenge.

“In order to fix this, you have to reduce your scale of operations overall and you have to cut costs. The two actually go together … You need to have a balance in that,” he said. The insider said SAA’s board —which had apparently approved the security contract on an emergency basis without any evidence of a credible threat — was failing to hold Jarana to account for his spending.

Don't distract us Pravin is the problem here

This story reads and sounds like an article design to divert attention to the fact that the common denominator for the mass resignation of black CEO's AT SoE's is Pravin Gordhan. .. . . . .

Hheyi kumnandi moes !!!

Getting paid for what ? What is this?😭😭😭😭

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Goodbye, SAA
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Jarana reportedly cited SAA’s rising debt as reasons for resignationJarana, who tendered his resignation to the SAA board last week, is expected to serve out a three-month notice period. As ex CEO now, He doesn't want to be held accountable for when heads start rolling due to retrenchments and cost cutting due to the huge deficit. Smart move...
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SAA CEO Vuyani Jarana 'has resigned': reportsSAA CEO Vuyani Jarana has resigned, according to media reports on Sunday. SAA and Eskom same WhatsApp group
Source: TimesLIVE - 🏆 28. / 59 Read more »

SAA board accepts CEO resignationThe national carrier's board of directors confirmed they have accepted Vuyani Jarana's resignation in a statement. This is becoming a joke. South Africa is the laughing stock of the world. The guy wasn’t really geared for the job.... we need people of higher calibre and dedication. They don't even convince him to stay,it sounds like they have been waiting for it moes. If you so believed in someone,you'd convince them to stay
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