REPORT | SAA has ‘zero value’

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Two of the airline’s subsidiaries were also found to have zero value, with the consultants stating that SAA Technical worsens SAA’s financial liabilities by at least R106 million and Air Chefs drains it of a further R63.1 million. Photo: Fin24
Two of the airline’s subsidiaries were also found to have zero value, with the consultants stating that SAA Technical worsens SAA’s financial liabilities by at least R106 million and Air Chefs drains it of a further R63.1 million. Photo: Fin24

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The report, which City Press has seen, was authored by Letsema Consulting on commission from the department of public enterprises to probe the financial wellbeing of the ailing national carrier and its subsidiaries.

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