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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.