While the national carrier is turning the corner and recording profits, it however remains an ongoing concern.
Transport Minister Barbara Creecy says the profits are driven by the sale of the London Heathrow route by SAA.
Creecy and the Auditor General’s office briefed the Transport Portfolio Committee on the SAA 2024 and 2025 financial report.
SAA is turning the corner financially, but it is still not out of trouble due to liquidity challenges.
There are concerns that operating costs outweigh the revenue costs resulting in net operating losses.
Auditor General office Thato Kunene: “SAA is having cash trapped in foreign land and they are struggling to repatriate those particular funds namely the countries that are impact is Zimbabwe, Nigeria, Egypt and Malawi. What we have noted is that we have noted is that the cash challenges.
However, Transport Minister Barbara Creecy maintains that the national carrier is turning the corner.
–SABC–
