SAA lost more than R10.6 billion of taxpayers’ money under Dudu Myeni - Outa

South African Airways (SAA) lost R10.6 billion of taxpayers’ money in five years under the leadership of Dudu Myeni.

So says the Organisation Undoing Tax Abuse (Outa) and the SAA Pilots Association (SAAPA).

These entities have now filed papers at the North Gauteng High Court to declare Myeni a “delinquent director”.

If the order is granted Myeni will be barred, for a minimum of seven years, from appointment as director or any executive position in South Africa.

The Money Show’s Bruce Whitfield interviewed Outa’s Ben Theron about the following aspects highlighted in the court papers:

  • Appointment of BnP Capital

  • Illegally extending BnP Capital’s mandate

  • Cancellation fees for BnP Capital

  • Emirates deal

  • The Airbus deal

  • Disregard of EY report

For more detail; listen to the interview in the audio below.

Click here (then“like” the page) to follow Bruce on Facebook.

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Article brought to us by Old Mutual.

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