Vujani Jarana announced his resignation from the carrier having joined in November 2017 with a mandate to turn around the loss-making airline’s fortunes. Prior to Jarana joining the carrier, SAA had seven chief executives in five years. Jarana will quit at the end of August.
In a letter, the former telecoms executive said his turnaround strategy was “being systemically undermined” and said there had been no further promise of government funds beyond a £274 million cash injection last year to fund creditors. “I spend most of my time dealing with liquidity and solvency issues,” he said in the letter.
