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I'M OUT OF HERE: SAA chief executive officer Siza Mzimela Photo: Sibusiso Msibi

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Two other executives, Theunis Potgieter and Sandra Coetzee, have also left.

Mzimela yesterday sent a 1,000-word e-mail titled: "Winds (maybe Wings) of change", to the company's employees informing them of her resignation.

"It is with a mix of sadness, relief and a measure of pride that I announce my resignation from the airline today," Mzimela wrote.

"This is not a random move. I have given this decision careful thought and feel that now is the best time to relinquish my position as your CEO and allow somebody else to pilot the company into the future."

Public Enterprises spokesman Mayihlome Tshwete said Minister Malusi Gigaba had accepted Mzimela's resignation.

"We appreciate Mzimela's cooperation in not resigning with immediate effect but remaining in the organisation until a new CEO is found," Tshwete said.

In the e-mail Mzimela wrote: "I leave with some sadness because I have thoroughly enjoyed being a member of the SAA family for almost three years - and will therefore miss the company and all of you."

She listed the 2011-15 Corporate Plan, the 10-year fleet and network plan, the setting up of a project management office and the discarding of unprofitable routes as some of SAA achievements during her tenure.

"Much more remains to be done, including improving network efficiency further, building on the strength of Johannesburg as an international hub and focusing even more on the African market - an area of great potential where SAA exercises competitive advantage. Similarly, I owe a debt of gratitude to the outgoing board, of which I was a member, for their wise counsel and support.

"To that end, I understood and identified with the sentiments that some of them expressed towards the end of their mission. But as an executive director I felt that it was my obligation to staff and the company that I remain behind until our forthcoming AGM, where a new board is to be appointed," she said.

Her resignation follows that of eight board members, including the chairman.

Business Day reported on Monday that SAA will post an annual loss of R1.25-billion.

Comments

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Tue May 21 19:52:26 SAST 2013 ::

Oct 9, 2012

MorenaWaPolelo

This woman and that board must be congratulated for the resigining they have failed dismally and playing the blame game is irrelevant the fact is they have failed!!!!!
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Oct 9, 2012

Reyataz

MorenaWaPolelo, my sentiments exactly!
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Oct 9, 2012

Lehido

Working with Vuyisile Kona was going to be disasterfor her.....
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Oct 9, 2012

Dieheart

What is going on at SAA? R1.25 billion loss???
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Oct 9, 2012

KukuyaLethosa

Jacob Zuma must resign.
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Oct 9, 2012

CHIEFKHONZAPHI2nd

Dear President

Application for transfer of funds

I would like to make a request for the transfer of funds from the 5Billion rands allocated to SAA to SANRAL in order for them to pay for the e-toll debt, if it is possible please add some more maybe be another 5Billion and make it 10Billion.

i hope you'll find this in order

thank you
me
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Oct 9, 2012

Vuruvuru

I wonder nibaleka ntoni, I suspect there's something big coming that you don't want to be associated with.
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Oct 9, 2012

Lehido

Vuruvuru
I wonder nibaleka ntoni, I suspect there's something big coming that you don't want to be associated with
====================

YESThey running away from the loss that SAA incured....More than R1 bil
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Oct 9, 2012

Aouuti

Aouuti
Sho people a black man is always a suspect (besides maka dedele abanye).
peade
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