Treasury asks for yet another extension on SAA’s financials
Finance Minister Pravin Gordhan has asked for a fresh extension of the deadline to 15 September.
After several extensions, the 2014-2015 financial results were supposed to be tabled tomorrow.
But Treasury says the financial statements can't be finalised until a decision is taken on whether to grant the airline a R5 billion government guarantee.
Gordhan has asked for a fresh extension of the deadline to 15 September.
In a statement, his office says SAA's request for a guarantee has required extensive and careful consideration because of the potential implication of the decision on the economy.
During a speech delivered in Parliament in May, Deputy Minister Mcebisi Jonas said the state-owned airline needed a full strength board and competent executives appointed to vacant positions.
He said only then would government be in a position to consider possible support enabling SAA to table its financial information.