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SAA briefs Parliament Committee on its finances - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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South African Airways Chief Financial Officer Fikile Mhlontlo says the outstanding audits for the previous financial years will be concluded in the last quarter of the current financial year, which ends in March 2023.

A South African Airways plane, taxis after landing at O.R. Tambo International Airport in Johannesburg, South Africa, January 18, 2020.A South African Airways plane, taxis after landing at O.R. Tambo International Airport in Johannesburg, South Africa, January 18, 2020.

You will see when we come to the income statement how this is negatively affecting the financial performance. Also you will also note that during this financial year, there was an amount of R10 billion recapitalisation that came into the business, one it was then in part R7.4 billion to repay some of the loans and R2.6 billion which was to cover working capital or to cover operations”, Mhlontlo says.

“What are the measures still in place for the audit finding of 2021/2022 financial year.

 

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