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SA Express finally tables financial statements

has finally tabled its financial statements in Parliament. The airline recorded losses to the tune of R590 million for the financial year that ended on the 31st of March 2019.The books show the company is still struggling.

But, the Auditor General’s report points out that fruitless and wasteful expenditure was understated by R19.6 million. Meanwhile, the SAA board briefed Parliament’s Standing Committee on Public Accounts – Scopa – on its failure to table financial statements for the past two years.

 

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