South African Airways (SAA) has sought to reassure the public and key stakeholders that it is not on the brink of financial collapse, despite facing acute cash flow pressures that have forced a second consecutive month of delayed wage payments.
The national carrier confirmed that October salaries will be paid by Saturday, attributing the immediate liquidity squeeze to rising global jet fuel costs.
The payroll delays have drawn sharp scrutiny from Parliament, where lawmakers expressed growing concern over the financial stability and governance of the state-owned airline as it navigates ongoing economic headwinds.
–ChannelAfrica–
