Minister of Finance, Pravin Gordhan, has asked Parliament to allow SAA one more month to submit its long overdue financial statements.

The original deadline for the airline to table its annual report was in September last year. However, SAA was unable to submit its financials at that time because it needed a R5 billion (€289 million) guarantee to continue to establish itself as a going concern. Before the request could be considered, then Finance Minister, Nhlanhla Nene, requested that SAA expedite the finalisation of a number of matters, which could assist in improving the airline’s financial sustainability and reduce the amount of support required from government. The airline was granted an extension to table its report on February 16; however it was still not ready to submit in time for the new deadline.

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