Myeni: SAA has made great improvements
SAA board chairperson Dudu Myeni told Parliament's finance committee that the improvements had been achieved without government guarantees.
The state-owned enterprise is appearing before the Standing Committee on Finance at Parliament on Wednesday.
Myeni has told the committee it is her pleasure to report that there have been improvements at the national carrier.
“During the presentation we’ll be able to note the great improvements. My issue then, honourable chair, is the sustainability and the improvements.”
She adds this has been done without government guarantees.
“That those assumptions projected that we won’t be able to operate for 12 months without government guarantees.”
Despite posting 74% less in losses for the 2015-16 financial year compared to the last financial year, revenue has only increased by a mere 1%.
(Edited by Leeto M Khoza)