CEO who pledged cash for charity if he could not fix SAA resigns

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Vuyani Jarana has resigned as CEO of South African Airways.

The South African Airways (SAA) board has accepted the resignation of Vuyani Jarana, group chief executive officer.

Jarana, who joined SAA in November 2017, attempted to lead a strategy to return the airline to financial and operational sustainability. In June last year, he accepted the challenge from Free Market Foundation executive director Leon Louw to pay R100‚000 to charity if his three-year turnaround plan for the airline did not succeed. If he had led the airline into profit‚ Louw would have had to stump up the cash.

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