The man that was supposed to save the South African Airlines has apparently resigned. Reports indicate that Vuyani Jarana will leave the company at the end of July because of difficulties preventing him from saving it.
EWN reports that South African Airways (SAA) Chief Executive, Vuyani Jarana, has resigned from his post.
SAA has not confirmed the resignation yet, but the SABC reports that Jarana handed in his resignation on Thursday.
This comes after the now-outgoing CEO voiced concerns over legislation that's smothering the SAA's competitiveness.
Briefly.co.za gathered that there were apparently restrictions that the Public Finance Management Act imposed that need 3 levels of approval for matters that needed urgent action.
Fin24 reportedly obtained the resignation letter somehow and Jarana blamed the lack of long-term sustainability and the SAA's inability to pay salaries for his decision.
“The strategy is being systemically undermined, and as the Group Chief Executive Officer, I can no longer be able to assure the board and the public that [our strategy] is achievable.”
According to The South African, Jarana was also frustrated by the red tape that came with his job.
He started as CEO in November of 2017 and hoped to stabilise the SAA within four years, but it seems he no longer believes that's possible.
Jarana's official last day will be on 31 July.
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