SAA CEO quits over lack of State support

JOHANNESBURG — South African Airways (SAA) chief executive officer Vuyani Jarana quit the financially stricken State-owned company, citing a lack of funding and drop in government support for the carrier’s turnaround plan.

The former Vodacom Group executive was brought in about 18 months ago to lead a recovery at the airline, which has been unprofitable since 2011 and mired in mismanagement and corruption scandals.

But a lack of clarity on State funding and the slow nature of decision-making processes persuaded him to resign, according to a letter sent to SAA chairman Johannes Bhekumuzi Magwaza seen by Bloomberg.

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