THE move by South African Airways (SAA) to take out an advert in Sunday newspapers calling "for tenders to provide R16bn in loan funds" indicates the desperate financial position that the SAA board‚ under the leadership of Dudu Myeni‚ finds itself in.This is according to DA finance spokesperson Alf Lees said, who also said the act "reinforces the urgent need for Parliament to intervene and to have an emergency meeting with SAA".Lees said he had written to standing committee on finance chairperson Yunus Carrim "to reconsider my original request for an emergency meeting with SAA on Wednesday this week".ALSO READ: SAA announces plans to raise R16bn days after saying it can pay its debtsOn Friday he called for the next meeting with SAA to be brought forward in an effort to stave off the "increasingly certain" liquidation of the embattled airline — the next meeting is scheduled for September 20.The need for the meeting to be moved up was also required as Hong Kong’s tax authorities last...
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