The Standing Committee on Finance has received a reply from the Minister of Finance, Mr Malusi Gigaba, with regard to the Committee’s concern about the legality of the extension of the term of office of the Chairperson of the Board of South African Airways (SAA), Ms Dudu Myeni.

The Minister argues that it is legal to extent Ms Myeni’s term on the basis of Section 13.4.6 of the SAA’s Memorandum of Incorporation, which he says is in line with the Companies Act.

The Committee had raised a concern about the fact that the Minister extended Ms Myeni’s term until the SAA Annual General Meeting (AGM), which is scheduled for 3 November. However, the Minister said that Ms Myeni has not yet served three full terms of office.

The Chairperson of the Committee, Mr Yunus Carrim, said: “We have referred the Minister’s correspondence to our parliamentary lawyer and will discuss the matter in the Committee meeting on 5 October.”

 

Issued by Parliamentary Communication Services on behalf of the Chairperson of the Standing Committee on Finance, Yunus Carrim