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Kalawe quits after settling for Rm payout deal from SAA

Former South African Airways CEO Monwabisi Kalawe

Kalawe's settlement is significantly lower than that forked out to other executives who exited SAA, which has a history of paying departing CEOs handsomely.

According to a source close to the matter, Kalawe's bargaining power was eroded by his involvement in procuring false bank statements in a bid to "dig up dirt" on SAA board chairwoman and arch-foe Dudu Myeni.

Kalawe and his legal representatives were not immediately available for comment on Monday, 27 April.

In , former SAA CEO Coleman Andrews received Rm; while Andre Viljoen walked away with about R7m and Khaya Ngqula was paid Rm.

Vuyisile Kona, who was CEO for only four months, received about Rm.

Kalawe was at the helm of SAA for more than two years.

In the last six years, four CEOs and one acting CEO have left the airline.

SAA spokesman Tlali Tlali said on Monday that Kalawe had resigned on Friday and the airl