Deputy Finance Minister Mcebisi Jonas gave MPs a glimmer of hope on Wednesday the new SAA board is functioning well and has addressed some issues Finance Minister Pravin Gordhan flagged when they were appointed two months ago. Stability of the SAA board and management — rocked by scandals, conflicts and departures over many years — is critical if the state-owned airline is to become profitable and financially self-sufficient. But while governance may be improving, the airline is continuing to make losses, which for the first six months of the current financial year amount to R2bn. It is worse than the R1.5bn loss suffered for the whole of 2015/16. A R1.38bn net loss was made in the first quarter and R765m in the second quarter. "The new board of SAA has been functioning very well … The focus now needs to be on its delivery and output," Jonas told members of Parliament’s finance committee during a briefing by SAA executives on the airline’s quarterly performance. He said the board wa...
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