Dudu Myeni's rumoured re-appointment a massive political defeat for Pravin Gordhan

1 September 2016

The rumour that Cabinet have decided to retain Dudu Myeni not only as a member of the SAA board but also as the Chair of the board would be a massive political defeat for Finance Minister Gordhan.

It would be negative for the South African economy and the forthcoming ratings assessments where international agencies are looking closely at how the SOE’s are managed. This will make a sovereign downgrade even more likely.

It is also deeply suspicious that the post cabinet briefing has been postponed given the crisis surrounding SAA.

Myeni and her board have simply ignored Minister Gordhan and all warnings. They have, in our opinion, recklessly continued to run SAA into the ground and to the brink of liquidation. 

Her re-appointment would be bad for SAA, bad for our economy and bad for Pravin Gordhan. 

Issued by Alf Lees, DA Shadow Deputy Minister of Finance, 1 September 2016