Streamlined SAA 2.0 no longer a shadow of its former self

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 77%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

‘I can assure you that South African Airways since its reemergence from business rescue … has been on a remedial programme to sort out all those audit findings that the 2018 financials are about’ – Professor John Lamola, SAA interim CEO.

You can also listen to this podcast on iono.fm here. ADVERTISEMENT CONTINUE READING BELOW JEREMY MAGGS: You would’ve seen last week the Auditor-General painting a distressing picture of poor governance on the part of the executive authority, accounting officers and the board of South African Airways , along with procurement processes and audit instruments that it says have allowed graft and corruption to flourish at SAA.

JOHN LAMOLA: That is prescribed as part of what is normally called the audit health plan. In the first place, fundamentally, we’re talking about version two South African Airways, as it started its operations in September 2021, where fundamentally, the policies of SAA were reviewed with a specific focus of ensuring that the mistakes of the past are not repeated.

JEREMY MAGGS: What further, professor, aggressive cost cutting measures are either being considered or implemented right now? JEREMY MAGGS: Professor Lamola, the potential equity partnership that has been in the mix for a long time now, remains in limbo. Why is that?

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investigation into Discovery of Charred Remains in South African Furniture Manufacturing BusinessThe South African Police Service (SAPS) is investigating the circumstances surrounding the discovery of charred remains in a furniture manufacturing business in eThekwini. The families and friends of four workers went to their place of employment after they failed to return home on Sunday morning, and discovered what appeared to be skeletal remains in the burnt building. It’s understood nine Malawian nationals were in the building and working the night shift. According to the survivors, all entrances and exits were locked by their employer, which prevented them from escaping the inferno. One of the men is still unaccounted for, and authorities are still searching for him.
Source: ewnupdates - 🏆 30. / 53 Read more »

South African businessman Christo Wiese discusses latest ventures and diamond businessChristo Wiese, a well-known South African businessman, discusses his latest ventures and developments, including his pursuit of the diamond business. Wiese had to put his diamond business on hold 48 years ago to focus on a different business.
Source: Moneyweb - 🏆 5. / 77 Read more »