Go Symbol Lookup
Loading...

Head of S.Africa's troubled state airline exits

 Text Size  
Published: Monday, 8 Oct 2012 | 10:37 AM ET

JOHANNESBURG, Oct 8 (Reuters) - The chief executive of South African Airways has stepped down, the government said on Monday, just days after Pretoria promised to shoulder $600 million in loan guarantees for the struggling state-owned airline.

The Department of Public Enterprises said in a statement Siza Mzimela had resigned and the airline's board would begin a search for her successor.

The government promised last week to guarantee $600 million in loans for the airline, a move that could put further pressure on an already strained national budget.

South Africa's state-owned companies, including SAA and national broadcaster SABC, have come under fire for what critics say is excessive spending of taxpayer money.

(Reporting by David Dolan; Editing by Ed Cropley)

((david.dolan@thomsonreuters.com)(+27 11 775 3150)(Reuters Messaging: david.dolan@thomsonreuters.com@reuters.net))

Keywords: SAFRICA AIRLINE/

 Print
JOHANNESBURG, Oct 8- The chief executive of South African Airways has stepped down, the government said on Monday, just days after Pretoria promised to shoulder $600 million in loan guarantees for the struggling state-owned airline.

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments: