SAA insists it cannot submit financials, blames government

World News: . []

In a report to Parliament's watchdog public accounts committee, South African Airways (SAA) has insisted that it cannot submit its outstanding annual financial statements (AFS) until the government guarantees its going concern status through additional funding. The SAA board acknowledged in the report sent to the Standing Committee on Public Accounts on Monday that it received further financial help in the medium-term budget policy statement, but said it still needs "specific commitments for its working capital requirements", and added that "inconsistent" remarks from government about further funding has left it in limbo.

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