Finance committee receive reply from finance minister

Photo: EPA

Photo: EPA

Published Sep 22, 2017

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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.

- BUSINESS REPORT ONLINE

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