AG makes damning findings against SAA over four-year period

National carrier SAA has incurred losses totalling R23.5 billion over four years.

This emerged when SAA finally tabled its four sets of outstanding annual reports that date back to the 2018-19 financial year.

In letters to Parliament, Public Enterprises Minister Pravin Gordhan said the Auditor-General was now auditing the state-owned entity’s 2022-23 annual financial statements.

“It is expected to be completed by April 2024,” he said.

However, SAA obtained a disclaimer of audit opinion for each of the financial years 2018-19, 2019-20,