"Myeni's extension at SAA legal'' - Gigaba
Finance Minister Malusi Gigaba has told the Standing Committee on Finance (SCOF) that the extension of term of office of South African Airways (SAA) Board Chairperson, Dudu Myeni is legal.
Gigaba gave a written reply to SCOF chairperson, Yunus Carrim.
In his reply, Gigaba said it is legal to extend Myeni's term of basis of Section 13.4.6 of the SAA's Memorandum of Incorporation which is in line with the Companies Act.
SCOF has however raised concerns over the Minister decision to extend Ms Myeni's term until the SAA Annual General Meeting which is scheduled for November.
"Gigaba has stated that Myeni has not yet served her three full terms of office," says Cassim.
The matter has now been referred to a one of parliament's lawyers.
"We have referred the Minister's correspondence to our parliamentary lawyer and will discuss the matter in the Committee meeting on 5 October," adds Cassim.