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Slight improvement in SOE audits is ‘nothing to celebrate’
AG releases report into audit outcomes of national and provincial departments as well as the entities under their control. 00:01
Auditor-General says irregular expenditure accumulated over many years and not yet âdealt withâ stood at more than R262bn at year-end. Image: Moneyweb
Earlier this month, South African Airways’ (SAA’s) business rescue practitioners Siviwe Dongwana and Les Matuson told parliament’s Standing Committee on Public Accounts (Scopa) that the airlineâs 15-month-long business rescue process has been successful.
Dongwana and Matuson said the airline is now âsolvent and liquidâ following over a decade of loss-making and mismanagement.
I m fed up – SAA, rescue practitioners blasted by parliamentary accounts committee
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The management of South African Airways (SAA) and the state-owned airline s business rescue practitioners were blasted by some members of Parliament for not being ready to report to the Standing Committee on Public Accounts (Scopa) on Tuesday about progress made to date.
Scopa chair Mkhuleko Hlengwa said SAA's rescue practitioners have to change their attitude about how they interact with Parliament after they bailed at the last minute owing to a "bereavement".
The BMF is "astonished" the by the board's decision to keep the CEO on his job during the investigation, saying the undertaking "contravenes numerous governance and labour law principles".
Themba Godi: Steinhoff playing sugar daddy to the State thesouthafrican.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesouthafrican.com Daily Mail and Mail on Sunday newspapers.