Mail & Guardian
Mail & Guardian
south african airways bailoutlatest news & developments
The national carrier SAA emerged from three years under business rescue in April last year, thanks to a R10.4 billion bailout. However, it is still grappling with the effects of a turbulent history marked by financial distress, operational problems and allegations of mismanagement. (Delwyn Verasamy/M&G)
AUDITOR GENERAL REPORT SAA

SAA out of business rescue but still not on stable ground

The auditor general report noted that the national carrier is fully-funded by equity or bailouts, but inefficient governance is keeping it in choppy waters

  • Aarti Bhana
7 min read