The ailing airline continues to bleed vast sums of money despite being in business rescue. SAA financial statements presented before parliament’s standing committee on public accounts (Scopa) have revealed that SAA made losses of R5.5 billion in 2018 and R5.1 billion in 2019.
The government-funded airline has been in a state of business rescue since December last year.
Public enterprises minister Pravin Gordhan and business rescue practitioners are expected to appear before Scopa on Friday afternoon, where the financial statements will be discussed.
The government is currently considering a number of options for the airline, including starting a completely new carrier free from SAA debts.
“What this shows is that the multibillion-rand bailouts by the government over the years have failed to cure the ills of the badly run airline,” said Alf Lees, DA member of Scopa.
Lees said he planned to ask Gordhan at the meeting to cancel any plans he may have for a new airline unless he made it clear that it would be privately owned and not state-funded.
“The South African taxpayer does not deserve to be saddled with another state-funded airline when the evidence clearly shows that it will also be another fiscal drag just like its predecessor,” Lees said.
Finally DRAFT SAA financial statements for 2018 & 2019 were tabled at SCOPA this evening. Losses of R5,5bil in 2018 & R5,1bil in 2019! pic.twitter.com/iXDv8DxJLg
— Alf Lees (@SquireLees) May 14, 2020
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Lerato Kganyago, Thami Ndlala divorce reasons: The reasons behind Lerato Kganyago and Thami Ndlala divorce have been revealed. It is alleged the couple separated as a result of the Thami Dlala’s conduct. He has been accused of lying about his age and being a fraudster.
It is also alleged he claimed to own a house in Sandhurst/Hyde Park when he was actually renting. The reasons behind the divorce were revealed by popular Twitter character Man’s NOT Barry Roux. continue reading
Source: The Citizen
