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?

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

METRO FM Talk with Faith Mangope