Vuyisile kona biography
Vuyisile kona biography book.
Vuyisile kona biography
South African Airways hits a new low with the suspension of acting CEO Vuyisile Kona
Equally concerning to the allegations levelled at Mr Kona is the failure of the senior management team and government officials to deliver the strategic plan needed to support on-going state financial assistance of the troubled carrier and ahead of the appointment of a new permanent CEO.
SAA has already been forced to draw down two emergency loans totalling more than ZAR1 billion under a ZAR5 billion (USD564.2 million) guarantee scheme to meet its working capital requirements.
SAA leadership issues increasingly apparent with strategic plan delays and an industrial dispute
Leadership difficulties at SAA under Mr Kona had become increasingly apparent with details of the turnaround strategy to secure ZAR5 billion (USD564.2 million) in government guarantees granted in Oct-2012 missing deadlines in Dec-2012 and Jan-2013.
As a result the target to appoint a new CEO by 15-Jan-2013 also passed. The bo