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Precautionary Suspension of SAA Acting CEO

Johannesburg, 11 February 2013. The Board of Directors of SAA announces that after careful consideration of recent developments, it has decided to place the acting CEO, Mr. Vuyisile Kona on precautionary suspension.

This is based on certain allegations that have come to the attention of the board, in respect of which the board has a fiduciary duty to investigate. This suspension is effective from 11 February 2013.

It must be stressed that the board has not come to any conclusion as to the veracity or otherwise of these allegations.

The board has embarked on a process to recruit a permanent CEO. Applications have been received, and the board is now in the process of evaluation. The board is confident that this process will be completed by 31 March 2013, at which time recommendations will be presented to the Minister.

In the interim, the Board has requested the CEO of Mango, Mr. Nico Bezuidenhout to oversee the Group's operations.


*ENDS*

About SAA
South African Airways (SAA) is the leading carrier in Africa, serving 26 destinations across the continent, as well as major destinations within South Africa and internationally from its Johannesburg hub. It is a member of the largest international airline network, Star Alliance. SAA’s core business is the provision of passenger airline and cargo transport services together with related services, which are provided through SAA and its four wholly owned subsidiaries: SAA Technical; Mango its low cost carrier; Air Chefs, the catering entity of SAA and South African Travel Centre (SATC). SAA is the winner of the 'Best Airline in Africa’ Award in the regional category for ten consecutive years and the winner of ‘Service Excellence Africa’ for three consecutive years. Mango and SAA hold the number one and number two successive spots as South Africa’s most on - time airlines.

For more information contact:

SAA Group Corporate Affairs
 
Tlali Tlali
Executive: Group Corporate Affairs
Tel: +27 11 978 3819
Mobile: +27 82 333 3880
Email:TlaliTlali@flysaa.com  


Kabelo Ledwaba
Communications Manager (External)
Mobile: +27 83 414 4720
Email: KabeloLedwaba@flysaa.com

Digital
Website: www.flysaa.com
Twitter: @flysaa

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