Dudu Myeni, Former SAA Chair declared delinquent Director
According to Fin24, on Wednesday, the North Gauteng High Court declared Myeni a delinquent director for life.
This application was brought by the Organisation Undoing Tax Abuse( OUTA) and the SAA Pilots Association (SAAPA)
In a joined statement OUTA and SAAPA said that they made the decision to pursue this case three years ago and were determined to see it through.
“We are extremely pleased to see justice meted out in a prominent manner related to state capture,” said Stefanie Fick, OUTA’s Chief Legal Officer.
Chair Person SAAPA, Captain Grant Back says it is important for internal organisations to take a stand against their directors when it is necessary to do so, as was the case with Myeni during her tenure as the chair.
According to Fin24, it was estimated that the Emirates deal could bring about R1.5 billion a year for SAA and it would have enabled SAA to cancel its loss-making route to Abu Dhabi.
Testimony was led on how Myeni insisted on attending operational meetings, a highly unusual practise for a non-executive chair. SAA executives testified that, at one point she even said former President Jacob Zuma instructed her not to sign the deal.
Even though the Airbus swap was approved by Treasury, Myeni started dealing directly with Airbus and wanted to appoint a “transaction advisor” and use a certain local leasing company and financiers.
In court she could not explain why her actions were not grossly negligent.
Photo Credit: IOL.co.za