JOHANNESBURG – South African Airways’ dodgy financial past will not go unpunished, even when new strategic partners take over.
That’s the promise from the Auditor-General’s office, which briefed Parliament’s Standing Committee on Public Accounts this week.
READ: SAA deal still to be finalised: Public Enterprises Committee
The AG’s office is currently auditing SAA’s financial statements for 2017 and 2018.
Years of financial mismanagement, including irregular expenditure and procurement fraud, forced the airline into business rescue.
The DA says the airline is still operating at a loss of hundreds of millions of rand every month.