THE UGLY

Finweek English Edition - - THE WEEK -

The South African Cabin Crew As­so­ci­a­tion (Sacca), which rep­re­sents 1 300 South African Air­ways (SAA) cabin crew mem­bers, slammed the lack of ac­tion from gov­ern­ment on in­ves­tiga­tive re­ports show­ing more than R1.8bn in ten­der ir­reg­u­lar­i­ties at the strug­gling air­line, Times Live re­ported. At least 34 con­tracts were flagged by the re­ports, it said. The news came as SAA re­vealed to Par­lia­ment that it suf­fered an unau­dited R1.9bn loss in the year to end March, com­pared with a R1.5bn loss in the pre­vi­ous year. The air­line, which op­er­ates thanks to a R19bn gov­ern­ment guar­an­tee, told Par­lia­ment it will re­quire a re­cap­i­tal­i­sa­tion by the state.

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