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The South African government has reappointed Dudu Myeni as the chairperson of South African Airways (SAA) on Friday.

 

Myeni was appointed alongside 11 other board members to the board of SAA. The new team will meet Finance Minister Pravin Gordhan, who will provide direction from a shareholder perspective,the cabinet said in a statement.

 

SAA has been surviving on state-guaranteed loans and has failed to submit financial statements for the past two years, with results for 2015/16 held back after treasury refused to grant it R5-billion in additional loan guarantees.

 

Asset manager Futuregrowth said it had halted lending to state-owned firms over concerns of political interference in their administration.

 

Critics say government plans to form a new committee to be supervised by Zuma that would oversee state-owned enterprises like SAA, will limit Gordhan’s control over firms.