Mixed signals out of the Treasury have created uncertainty over when SAA chair Dudu Myeni will vacate the position she was supposed to exit this week. Myeni's contract expired on Thursday and her last day was expected to be Friday, but she may only leave in January. The government was supposed to appoint a new chairperson at an AGM scheduled for later this month but it may be postponed after she sent a letter to Finance Minister Malusi Gigaba requesting a postponement in August. This is because SAA can't finalise its financial statements and going-concern position without a bailout from the government. But Gigaba's spokesman, Mayihlome Tshwete, was adamant on Friday that the AGM would be "held within 2017" and that "there was no intention to have her [Myeni's tenure] extended indefinitely". Last week Gigaba, citing the King Code on corporate governance, told the media that "six years of three years per term is acceptable" for a non-executive director to serve on a board. "It is time...
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