These staggering figures were revealed during the long awaited meeting of the Standing Committee on Finance in South Africa’s Parliament, which – according to attendees was a complete shambles raising more questions than answers.
SAA Board chair’lady’, Dudu Myeni, snuck her way into the meeting just short of two hours late and once present avoided all questions.
A follow up meeting is to be held on 16 November where all parties will seek more clarification on what is actually happening at SAA.
Opposition party – the DA – has asked for that the committee then give final and complete reports for both the 2014/15 and 2015/16 financial years – both of which are now overdue for tabling.
These reports must include:
– The finalised annual reports for SAA and all subsidiaries;
– The audited annual financial statements for SAA and all subsidiaries;
– The auditors statement;
– The SAA Shareholder Compact;
– The evaluation of the Boards conduct and performance by Stator (Pty) Ltd; and
– The “benchmarking” exercises referred to in the preliminary annual report.
