South African Airways CEO, Siza Mzimela has resigned, along with two other senior managers. The exit of Mzimela follows the dramatic walk out by the majority of the board at the airline earlier this month‚ including the chairwoman Cheryl Carolus‚ with all citing a breakdown in the relationship with the shareholder, which is the Department of Public Enterprises.
Further to that, former CEO, Khaya Ngqula's lawyers have informed Carolus that he intends to sue her for R40m for defamation. This was reportedly because Carolus told the Business Times on September 30 that the SAA board had made progress in tackling labour, competition, fraud and corruption problems, which the airline had "inherited from previous management".
The SAA board is also currently suing Ngqula, who left the airline in 2009, to recover about R252m from him in four separate claims, following a forensic investigation by auditors KPMG.
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