Dudu Myeni Former SAA Chair declared delinquent Director

Dudu Myeni Former SAA Chair declared delinquent Director

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.

 

Jugde Ronel Tomay made the following judgment,

 

  • Myeni’s evidence posed serious difficulties in her defence
  • Her versions changed and she could not answer crucial parts of the evidence against her.
  • Myeni did not deem it fit to attend certain parts of the court proceedings, offering “unconvincing excuses”.
  • Myeni pleading poverty was found by the judge to be “distasteful as a professional woman who served and still serve as a director of several companies.
  • Myeni caused the demise of a lucrative deal SAA was negotiating with Emirates, which could have saved SAA or at least strengthened its financial position.
  • Myeni knowingly took SAA and the country to the brink of disaster by delaying the conclusion of the Airbus swap deal.
  • Myeni displayed complete disregard for public funds
  • To serve on the board of a state-owned airline should not be a “privilege of the politically connected”
  • Government has, as custodian of the common good, the obligation to ensure the suitable qualified people with integrity is appointed to these positions.

 

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.

 

Source: Fin24

Photo Credit: IOL.co.za


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