Gordhan asks for more time for SAA to submit financial statements
Pravin Gordhan has asked for another month for the airline to table its financial statements.
Hes made the request in a letter to National Assembly Speaker Baleka Mbete, according to a statement released by the finance ministry a short while ago.
In November last year, Members of Parliament were told SAA had asked treasury for a loan guarantee of between R4 and R5 billion so that it could finalise its long overdue financial statement as a going concern.
A confidential memo indicated that the ailing national carrier was technically insolvent.
The ministry of finances statement says given the potential financial implications for the economy, SAAs request, which was submitted on 21 December, needs careful and extensive consideration.
Gordhan has asked for another month for the airline to table its financial statements.
SAA board chairperson Dudu Myeni has refused to step down.