SAA Armageddon continues as losses grow to R5.64 billion
20 September 2016
The long awaited meeting of the Standing Committee on Finance with SAA was a shambles, raising more questions than answers.
One of the few concrete facts to come out of the meeting was the shocking increase of nearly R 1 billion rand in further losses, taking the total loss for 2014/15 to R 5.64 billion rand, with a further R 1.5 billion loss in the 2015/16 financial year.
SAA Board Chairperson, Dudu Myeni snuck her way into the meeting almost a full two hours late and once present avoided all questions.
The DA welcomes the agreement by the committee chair and the Deputy Minister of Finance to a follow up meeting to be held on the 16th of November 2016 in Parliament, where the DA will continue to seek clarification and push for a better run SAA.