South Africa: SAA Warned to File Financials, Overhaul Board

The much-delayed tabling of South African Airways' (SAA's) annual financial statements has now dragged on for an unacceptably long time and all concerned must urgently get the matter resolved, Parliament's Standing Committee on Finance said on Wednesday.

It expressed concern about reports that SAA could be deregistered in Hong Kong if its financials are not finalised by September 6, and noted with concern the implications of an SAA advert seeking to raise R16bn in the market.

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