SAA to face MPs about latest financials, audit findings

National carrier South African Airways (SAA) returns to Parliament on Tuesday to face members of Parliament (MPs) about its latest financials and audit findings.

The airlines' appearance before the Portfolio Committee on Transport follows the resignation of group CEO Professor John Lamola and three non-executive directors earlier in April.

Their resignations came as the airline continues to struggle financially, with persistent financial problems.

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While SAA has managed to make a profit over the last two financial years, the national airline's future financial sustainability remains in question.

SAA officially exited business rescue in April 2021, after a 17-month restructuring process that saw thousands of retrenchments.

The airline has now reported a R155 million net profit and an operating profit of more than R300 million, although most of the profit was propped up by one-off asset disposals.

Lamola's resignation, announced on 10 April, has also left more questions than answers for the airline, which is dealing with a deepening financial crisis.

He will step down at the end of April, four years after leading the airline out of business rescue. No formal reason was given for his departure.

The Auditor General is also expected to give MPs details about how SAA has performed in its latest audit and annual report.