Head Of South Africa's Troubled State Airline Exits
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The chief executive of South African Airways has stepped down, the government said on Monday, just days after Pretoria promised to shoulder $600 million in loan guarantees for the struggling state-owned airline.
The Department of Public Enterprises said in a statement Siza Mzimela had resigned and the airline's board would begin a search for her successor.
The government promised last week to guarantee $600 million in loans for the airline, a move that could put further pressure on an already strained national budget.
South Africa's state-owned companies, including SAA and national broadcaster SABC, have come under fire for what critics say is excessive spending of taxpayer money.
News Source: Reuters
The government promised last week to guarantee $600 million in loans for the airline, a move that could put further pressure on an already strained national budget.
South Africa's state-owned companies, including SAA and national broadcaster SABC, have come under fire for what critics say is excessive spending of taxpayer money.
News Source: Reuters
