SAA Flies High And Silent On Viljoen's Exit

Old Jul 9, 04, 1:44 pm
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SAA Flies High And Silent On Viljoen's Exit

SAA Flies High And Silent On Viljoen's Exit

"TRANSNET has not provided much information on the reasons for the sudden resignation of Andre Viljoen as CEO of subsidiary South African Airways (SAA).

In a bid to calm market jitters about SAA, the parastatal and its sole shareholder, government, are silent on what led to Viljoen's unscheduled departure, two years before his contract ended.

His resignation comes shortly after market speculation that SAA had slumped into technical insolvency yet again."

johan
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