SAA and Mango Audit reports a ‘horror show’
8 March 2018
South African Airways (SAA) and Mango airlines have received qualified opinions according to their audit reports, which were due in September last year, tabled in Parliament today. The reports can be found here and here.
The adverse findings by the Auditor General partly explain why there has been a such a reluctance by SAA to release its financial statements for 2016/17, which are yet to be made public after former Finance Minister Malusi Gigaba requested an extension after SAA missed the deadline.
The DA will write to the Finance Minister Nhlanhla Nene asking him to release SAA’s financials as a matter of urgency.
It is odd that the Auditor General has chosen to table the audit reports in Parliament, which is a complete departure from standard practice where audit reports are released as part of annual reports.