Parliament’s been told SAA would be liquidated immediately if it were to table its financial statements. The airline has not filed its 2018-2019 financials, due to uncertainty about its going concern status.
Public Enterprises Minister Pravin Gordhan has captioned just how messy SAA’s finances are. The minister appeared before Parliament’s Standing Committee on Public Accounts on Wednesday.
The committee sais it is not impressed with the lack of information regarding SAA’s finances. Gordhan said the airline would be liquidated immediately if it were to table its financial results.
He insists though that the airline can be saved. Gordhan said, “we save as much as we can and secure as many jobs as we can and secure as much value and reliance as we can.
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