SAA is pursuing partnerships rather than government financial support, as the airline grapples with rising fuel costs and ongoing scrutiny over its financial position following a disclaimer audit opinion from the Auditor-General of South Africa (AGSA).
In late April, the Auditor General of South Africa issued a disclaimer audit opinion on SAA’s 2024/25 financial results, flagging unreliable financial statement, revenue leakage, material uncertainty and reliance on once-off gains in SAA’s 2024/25 financial results, raising questions about the reliability of the airline’s reported profits.
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Source:https://www.travelnews.co.za/article/saa-looking-to-partnerships-to-expand-reach
