Riyaz Patel
The Democratic Alliance (DA) says it’s seriously concerned that South African Airways (SAA) and South African Express (SA Express) will not meet their Annual Report submission deadlines for the 2018/19 financial year.
This, after Public Enterprises Minister, Pravin Gordhan informed National Assembly Speaker, Thandi Modise, that serious financial challenges at both airlines caused the delay which has rendered them unable to meet going concerns.
DA Shadow Minister of Public Enterprises, Natasha Mazzone, said according to the Public Finance Management Act (PFMA), both SAA and SA Express boards were supposed to have submitted their audited financial statements and audit report, five months after the end of their financial year.
“This has clearly not been done,” she said, adding “[The] Public Enterprises Minister is required to table before Parliament the annual reports, annual financial statements and audit report of public entities that he is responsible for.“
“The fact
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