JOHANNESBURG –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 Chairperson of the
Committee, Mr Yunus Carrim, said the Minister argues that it was 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 was in line with the Companies Act.
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Carrim said 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.
“We have referred the
Minister’s correspondence to our parliamentary lawyer and will discuss the
matter in the Committee meeting on 5 October,” said Carrim.