SA Express audit under scrutiny after three year delay | IOL News

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SA Express audit under scrutiny after three year delay

Cape Town - South African Express is buckling under pressure after it suffered losses amounting to more than R2billion in the past three years. This comes after SAX submitted its audited financial statements in Parliament this week after three years of delays.

SAA has yet to submit its own audited financial statements after it failed to also submit to the national legislature in the last two years. The Standing Committee on Public Accounts slammed SAA this week for failing to submit the financial statements saying this was untenable. It said, while SAA demands bailouts of billions of rands it still has to account to Parliament on how it uses its money.

 

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