Questions over SAA’s books as economist calls for closer look
On the eve of the appearance of the South African Airways (SAA) in Parliament to discuss its annual report, fresh calls for the airline to be closed or sold have resurfaced.
This follows the entity’s release of its annual results for the 2024/25 financial year in February this year, which recorded a net profit of R155 million.
However, economist Dawie Roodt has questioned the profit, saying upon close scrutiny, he’s not sure that it’s a profit.
Roodt is also calling on parliamentarians to grill the airline’s executives at the meeting so as to get to the bottom of the matter.
“What they are telling us what about what is really going on – I’m not sure that the two are the same thing and I really, really do hope that the parliamentarians are going to grill SAA and I hope the outcome of this is going to close this thing down or sell it. It’s been many, many years now and tens of billions of rands that we keep on losing by throwing good money off the bag at SAA. So yes, I know they have reported the so-called profit but by closest scrutiny I’m not so sure it really is a profit.”