Dudu Myeni a delinquent director for life

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jimdavis
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Re: Dudu Mynei no show at court

Unread post by jimdavis » Mon Oct 21, 2019 11:21 am

DUTCH wrote:
Mon Oct 21, 2019 10:45 am
IT IS HUMAN NATURE To accept responsibility.
Then there must be an awful lot of non-humans around.

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Re: Dudu Mynei no show at court

Unread post by excolonial » Mon Oct 21, 2019 11:27 am

Orthin Opter wrote:
Fri Oct 18, 2019 4:16 pm
You have a exschool teacher in bed with number one, no MBA, no training and is given SAA to run and ensure number ones pension fund grows. Now the brown stuff has hit the fan and she expects her exemployer to foot the legal bill. #-o Is that arrogance or ignorance #-o
I agree that she is totally incompetent, and clearly a corrupt appointment, but an MBA/degree/Prof Qual is certainly no guarantee of anything. There are, and always have been, plenty of mba types running airlines into the ground all over the world.

Some people have "it", but most don't. As for pension funds, that is also a slippery slope. The Sun newspaper beat "City of London's finest" using a chimp and a dartboard. A corner store owner beat the aforementioned experts in the Telegraph fantasy fund manager here 3 times on the trot.

I think there are very few people capable of running an airline, particularly one as politically molested as SAA.

Canada have a drama teacher as their president. He is doing a wonderful, job... oh wait...
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Re: Dudu Mynei no show at court

Unread post by Jack Welles » Mon Oct 21, 2019 11:39 am

DUTCH wrote:
Mon Oct 21, 2019 10:45 am
IT IS HUMAN NATURE To accept responsibility.
Sadly, au contraire - examples: Anne Sacoolas USA female in UK accident case, Ninow who pleaded guilty and then spent hours telling the court why he shouldn't be held responsible, Jacob Zuma in his many court cases, Rob Packham, Jason Rohde, Duduzane Zuma at the Zondo commission, Markus Jooste and many many others ... :cry:
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Re: Dudu Mynei no show at court

Unread post by crazydoc » Mon Oct 21, 2019 3:43 pm

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Re: Dudu Mynei no show at court

Unread post by African Flyer » Tue Oct 22, 2019 1:54 am

Positive rate! :D
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Testimony about SAA operations

Unread post by HAAN » Mon Feb 03, 2020 7:58 pm

Wow i feel for Nico after the lunch break (02H41), Dudu Myeni's attorney really do not understanding allot about aviation.....
Seems they fishing for nothing.

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Re: SAA in Business rescue

Unread post by PropTurner » Sun Feb 09, 2020 5:39 pm

This might be abit late for posting considering where this thread has reached chronologically, but this is just something I came across today.

https://www.msn.com/en-za/money/politic ... ar-BBZKlq9

PRETORIA - More damning accusations against former SAA board chairperson Dudu Myeni.

In the ongoing hearing to determine if Myeni should be declared a delinquent director, she's alleged to have sent a fake letter to Airbus.

It stalled a deal that would've saved SAA millions of dollars a year.

This after the board had approved the deal and National Treasury showed support for it.

Former SAA chief commercial officer Sylvain Bosc says the executive at SAA decided to cancel a deal that was agreed to 15-years earlier as it was becoming too expensive to carry on with it.

This resulted in the swap transaction, which meant instead of acquiring 10 aircraft from Airbus, the national carrier would lease five newer aircraft and phase out some of their older ones.

Bosc says this would have saved SAA about a $150-million (R2.2-billion) per annum but Myeni sent a letter to Airbus stating that it had been agreed SAA would engage an African aircraft-leasing company to take over the deal from Airbus.

“That for me was a fraud, it was a shock, this is a forged board resolution, its an attempt to change a transaction that’s been months in the making and its full of inconsistencies, lies and irregularities and this is emanating from the chairperson of the board of one of the largest SOE’s in South Africa," Bosc said.

Bosc says ending the agreement meant SAA would have to continue with the initial deal, but the airline didn’t have the money for it.

He says the letter proved to him there was an attempt to hijack the deal.

“This letter that I had received two days before, that for me was the smoking gun, it was the undisputable proof that there was an attempt to hijack a very significant transaction of half a billion dollars to the benefit of unnamed people, it was completely irregular and this fake boars resolution was a fraud,” Bosc said.

Bosc has told the court that Myeni then wrote a letter to then finance minister Nhlanhla Nene to approve a leasing agreement with an unknown and undisclosed African leasing company.

Nene rejected the proposal and a few days later he was fired.
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Re: SAA in Business rescue

Unread post by apollo11 » Wed May 27, 2020 6:30 pm

On breaking news tonight eNCA, judgment was handed down declaring Dudu Myeni a delinquent director for life, matter also handed to NPA for further investigation
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Re: SAA in Business rescue

Unread post by Peblehead » Wed May 27, 2020 6:44 pm

apollo11 wrote:
Wed May 27, 2020 6:30 pm
On breaking news tonight eNCA, judgment was handed down declaring Dudu Myeni a delinquent director for life, matter also handed to NPA for further investigation
It’s a victory, but will”it” have to pay back any money....
If I better myself by 100 million and suddenly I can’t practice in my field would I really care ? If no one came looking for the cash? If they put her in a orange overall with her buddy Zuma I would get pissed! And I don’t drink :evil:
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Re: SAA in Business rescue

Unread post by Ugly Duckling » Wed May 27, 2020 7:15 pm

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Re: SAA in Business rescue

Unread post by EDP » Wed May 27, 2020 7:50 pm

OUTA and SAAPA said in a joint statement that they made the decision to pursue this case three years ago and were determined to see it through.

"We are extremely pleased to see justice meted out in a prominent matter related to state capture," said Stefanie Fick, OUTA's chief legal officer.

"When we set out on this matter three years ago, we knew it would take time and would be very costly. We believed then, as we do now, that it is important to hold people like Ms Myeni to account... Imagine what could have been done with the endless amounts of taxes lost in her tenure to alleviate poverty and advance democracy."

Captain Grant Back, chairperson of SAAPA, says it is important for internal organisations to take a stand against their directors when it is necessary to do so, as was the case with Myeni during her tenure as the chair.
FIN 24

WELL DONE SAAPA & OUTA
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Re: Dudu Myeni a delinquent director for life

Unread post by jimdavis » Thu May 28, 2020 6:16 am

This does send out a small ray of hope for the future - it's saying NO ONE is above the law - which she obviously thought she was.

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Re: Dudu Mynei no show at court

Unread post by tansg » Thu May 28, 2020 7:16 am

tansg wrote:
Thu Oct 10, 2019 10:38 am
Jack Welles wrote:
Thu Oct 10, 2019 9:37 am
tansg wrote:
Thu Oct 10, 2019 6:45 am
I for one want to see her in the dock being treated like a criminal that she is. This preferential treatment just exacerbates this feeling of entitlement and immunity. It is time these criminals are treated like anyone else that breaks the law.
Firstly, with the greatest respect, there is no preferential treatment here. So far it's been SOP. Secondly this is a civil matter so criminal law not involved. Please note I'm not saying that she shouldn't be pursued for any alleged wrongdoings but in this particular case its not a criminal matter.

The courts do bend over backwards to make sure that peoples' constitutional rights are protected etc etc. A bit too far for me (internationally law is becoming a bit soft on skelms because of "human rights" etc) but that's just a personal opinion and not a reflection on the SA judiciary which is just doing its job and doing it well.

I do believe that the NPA and SIU are making headway with regard to corruption matters. Just one example is the ANC head honcho in the Northern Cape, John Block, is now in jail on a 15 (IIRC) year sentence (I'm pretty sure his appeals have been dismissed) and +-R47 (IIRC) million has been clawed back from the company that got the rigged tenders.
Yeah Jack also with the greatest respect, why is this a civil matter and not a criminal one? The fact that private entities had to institute the civil action in lieu of a criminal action, is preferential treatment in my book. If I had done what she had done I would have a criminal action against me so why the differentiation? The selective prosecution of people with political influence is preferential treatment and just reinforces the attitude of the political elite of impunity.
Seems like I was right all along despite all the subsequent noise jamming.

News 24/Fin 24
At a briefing to the standing committee on appropriations on Wednesday night on the financial challenges SAA is facing, a representative of the business rescue practitioners, Bongani Nkasana, said the Special Investigating Unit (SIU) would probably connect the ruling to its ongoing investigations at the airline.

Nkasana said the SIU is busy at the SAA premises, conducting investigations on offences and contracts of the past. The practitioners have been engaging with the SIU to assist in investigations by flagging any suspicious activities or contracts.
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Re: Dudu Myeni a delinquent director for life

Unread post by Theuns v V » Thu May 28, 2020 7:19 am

I hope you are correct Jim, however in politics I think she was fair game purely because of being in the "wrong faction" , the people with similar blots against then that back the right man will ,for now, be above the law I think. Not just here but I see it as a world wide thing.
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Re: Dudu Myeni a delinquent director for life

Unread post by richard C » Thu May 28, 2020 7:42 am

Theuns v V wrote:
Thu May 28, 2020 7:19 am
I hope you are correct Jim, however in politics I think she was fair game purely because of being in the "wrong faction" , the people with similar blots against then that back the right man will ,for now, be above the law I think. Not just here but I see it as a world wide thing.
Absolutely Theuns.

This case was mostly notional - it is a civil case and not criminal, and no damages are brought. The fact that she will no longer be eligible for directorships was probably her fate for the reasons as Theuns points out above.

The most significant aspect of this ruling, as far as I am concerned, is that the judge saw enough evidence of blatant corruption and graft to forward the case to the NPA. Her future just took an ominous and inescapable turn.
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