Broadcast excerpt·MON, 26 OCT 2026 · 07:26:16–07:28:38 SAST
A short excerpt captured live from SAfm. Watermarked for fair-dealing attribution, free to share.
As transcribed
Tap a line to jump
First question: Which was the audited financial statements of SAA? What do they tell us about SAA? Because the allegations that are coming through state the fact that there was a misrepresentation of funds towards the minister as a start. And secondly, the Auditor General itself had raised some concerns about some of the SAA's audit opinion. And therefore, we need to begin there. The second part of this issue is the fact that obviously the strategic sale of the
Slots in London. These are material and huge access points and are an important route for South Africa and South Kinaways. So we need to understand deeply how the financial management of that transaction happened. What did it mean? How is it accounted for? And thirdly, the liquidity issue of SAA. So paying off salaries is but one thing, but I could almost put money to the fact that it isn't just salaries that I might be of concern.
What are the other services in the airline that are being impacted, whether it's catering, whether it's whatever is happening within that? And then, lastly, where is the strategic direction that SAA is going financially? Because as things stand at the moment, does SAA need to be, how is its shareholding put together? Because at times such as this one, there are certain critical creditors, i.e., one of them being Zimbabwe. How do we recoup that fund for it?
For the purpose of SAA. But more importantly, we've had this discussion before. How do we make sure the asset is strong enough because South Korea is an important asset? How do we deal with the equity shareholding that we put forward so that it has a sustainability going forward? You wrote on the 19th, and two days later, the Finance Minister disclosed a billion rand guarantee. Did you get the sense that the Treasury knew something that Parliament didn't?
Well, again, the work of Parliament, we're trying to avoid situations where we're finding these out post facto. So I will be raising, I'd raise this question with the Finance Minister on Friday at a briefing about the medium-term budget policy statement, and we'll continue to do so because a 1 billion rand bailout to SAA is an important issue. But again, the laws.
End excerpt