Pretoria - Finance Minister Pravin Gordhan has written to the Speaker of Parliament requesting a further extension for the tabling of South African Airways’ annual report and annual financial statement.
In a statement on Tuesday, the Ministry of Finance said Minister Gordhan has written to Speaker of Parliament Baleka Mbete.
“Parliament had previously granted SAA an extension up to 15 February 2016. The extension was requested due to the airline’s financial challenges and the company’s external auditors’ concerns regarding its going concern and liquidity position,” said the ministry.
The national carrier submitted an application for a going concern guarantee on 21 December 2015, which is under consideration.
“Given the potential implication for the sovereign and economy, the matter requires extensive and careful consideration. SAA is unable to finalise its Annual Financial Statements (AFS) for the tabling in Parliament until a decision has been made on the going concern application. The Minister has therefore requested that the tabling of SAA’s AFS be extended to 15 March 2016,” said the Ministry. – SAnews.gov.za
