SAA losses hit R10bn mark over two years

Financial statements and other documents provided to parliament’s standing committee on public accounts have revealed that SAA made a loss of R10.4bn for past two financial years.

, which have not been tabled since 2016/2017 out of concern by its board of directors that the company is not a going concern.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Losses seem incomprehensible!!! How’s it possible to lose this money Something rely skew? Those sucking the money must have it stashed somewhere?! 🤔🤔🥴😡😡😡

Come on SA citizens, it’s up to us to go out and buy tickets to save the airline!! We only need 1.67 million of us to buy a R6k ticket to make the R10Bil. so almost every taxpayer. WeCanDoIt

Don't hold your breath that 'radical restructuring' will save SAA: they will claim it will take time and then the tax payer coughs up billions again year after year. Then they will state the restructure was not successful and have a new plan for the next years, costing billions.

SOE's in action...

judging by the state of our SOE's and the way they are bleeding Tax payers money the are suffering from a new strain of Ebola, most deadly yet - the ANC strain it will not only bleed you dry but leech every other ounce of goodness out as well.

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