Poll: What is the top-seller for December?
• Domestic destinations
• Thailand
• Bali
• Mauritius
• Other Indian Ocean Islands
• Other Southeast Asian destinations
• Africa
• North America
• Europe
• The UK

SAA delays annual financial report Today's News

Print   Send to a friend

SAA has confirmed that it had requested an extension to finalise and present its annual financial statement to Parliament. According to the airline, Pravin Gordhan, the Minister of Public Enterprises, made the request on behalf of the shareholders in a letter to the National Assembly.

The airline has denied reports by City Press that it is considering selling off assets in order to offset its debt. Spokesperson Tlali Tlali told eTNW: “SAA has not decided to sell off any assets. In any event, there are legislative compliance requirements that must be dispensed with if a sale of assets (as claimed) were to happen. The requirements include shareholder approval.”

Tlali also denied reports that Treasury was not looking to extend the airline’s loan guarantees. “Treasury is part of shareholder (government). The shareholder is the owner of the business (SAA) and is assisting the company to meet its funding requirements.”

Today's News

comments powered by Disqus
 latest  previous
TNW Pick: LekkeSlaap launches flight booking website
Online booking platform LekkeSlaap, will launch a...
Indian Consulate responds to e-visa booking challenges
Agents have reported that clients have faced...
Alitalia to transfer flights during airport closure
Alitalia will transfer all its domestic and...
WHO: Ebola outbreak ‘not emergency’
The World Health Organisation said in a statement...
Silversea to add three new ships
Royal Caribbean Cruises and Silversea Cruises...
Monday smile: Virgin to fly special Pride Flight
Virgin Atlantic and Virgin Holidays are operating...