METRO FM Talk with Faith MangopeMETRO FM Talk with Faith Mangope

Smoke and Mirrors? Inside SAA’s ‘Profit’ That May Actually Be a Billion-Rand Loss ( AVIATION EXPERT GUY LEITCH )

View descriptionShare

South African Airways says it’s back in the black—but are the numbers telling the full story? In its latest annual report, South African Airways claims a R162 million profit. But a deeper dive into the figures suggests something very different: a possible R1-billion operating loss hidden behind complex
accounting and one-off gains. From conflicting profit figures to basic reporting errors, and even a disclaimer from the Auditor-General of South Africa, serious questions are now being raised about the airline’s transparency and financial health. Critics say once you strip away asset sales—like valuable airport slots—the reality is far less optimistic. So tonight, we ask: is SAA truly on the road to
recovery—or are South Africans being sold a financial illusion that could once again come back to haunt taxpayers?

  • Facebook
  • X (Twitter)
  • WhatsApp
  • Email
  • Download

In 1 playlist(s)

METRO FM Talk with Faith Mangope

METRO FM Talk with Faith Mangope 
Social links
Recent clips
Browse 1,825 clip(s)