This is not the first time SAA has required a guarantee for its financials to be signed off. SAA's results for 2013-14 were released nearly a year late and it urgently needed a guarantee to convince auditors it was a going concern, enabling it to finalise its statements
The national carrier also remains without a permanent board after the Treasury, its shareholder again missed its own deadline to appoint one by last month.
In February, the Treasury granted SAA a R6.5bn government guarantee, taking the total guarantee to R14.5bn. Andiswa Maqutu
Source: Business Day
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
