THEBE MABANGA
The South African Airways has declared cumulative losses of R15 billion over the past three financial years and is unable to pay salaries in May, its long awaited financials have finally revealed. A hearing of parliament’s Standing Committee on Public Accounts (Scopa) on Friday laid bare the differences between the Department of Public Enterprises and the Business Rescue Practitioners (BRPs) at SAA.
The national carrier conformed that it suffered a restated loss of R5.4 billion in 2017, R5.485 billion in 2018 and R5 billion in 2019.
Public Enterprises Minister Pravin Gordhan rejected the non-payment of May salaries as avoidable, pointing out that at low cost carrier Mango Airlines, staff has agreed to salary cuts of up to 50% when the airline was and remains viable.
Gordhan snapped and suggested this could have been done at SAA midway through the meeting.
Business Rescue Practitioner Siviwe Dongwana informed the committee
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