Audit Report: South African Airways Remains Optimistic
- Chidozie Uzoezie
- Mar 15, 2018
- 1 min read
Updated: Jan 27, 2023
South African Airways says it is optimistic about its future outlook even as its board and management are taking urgent steps to address issues raised in its 2016/17 audit report.
Accepting the audit report which was released last week, the airline’s CEO, Vuyani Jarana noted that the majority of the airline’s operations were sound. He said the management of SAA would build on the sound status to ensure the airline returns to profitability.
According to Jarana, the management of the airline is closely with the board and the shareholder to ensure success following the development and approval a clear strategy and five-year plan to turn the airline around.
“We need a clean break with the past and a new approach to the future, and that is precisely what we are doing. We are acting with urgency to ensure the viability and sustainability of this crucial national asset,” Jarana said.
The audit report forms part of SAA’s Integrated Report along with financial results for FY2016/2017, which are due to be announced later this month.
The airline has incurred a net loss of R5, 569 billion (2015/2016: R1, 478 billion) and expects that its financial situation will not be much different for FY2017/2018.
However, a number of significant steps have already been taken as part of the turnaround strategy, with the clear aim of taking SAA to profitability in the medium-term.
_Nov2024-01.jpg)
We just booked our QATAR 🇶🇦 HÔTEL yesterday for 2 différent short stars of 2 nights and 3 nights for the Final… https://www.14sb.com/fifa-world-cup-hotels.html . Not exactly cheap but ok price for 4.5 Stars luxury and in Doha Center City! Thanks and Good Luck everyone! Vamos MEXICO!
Wow! Stunning! Hilton seems to be taking Africa by storm. Just a couple of years back, they opened the first ever in Eswatini.
Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.
Hi, I'm Lucy. Please how do I embark on my travel/ tour business. I am newbie and help..
Prices in the Sol Torremolinos Don Pablo are the same than two weeks ago.
Good location astounding but the staffs are rude and they make me wait so long for the service. They charge me more than what is on the website and did not refund me the manager is not helping with the issue
WoW. Amazing Review. 👍
I spent the holidays here, I don't know why but during the holidays their reception smells like a piss Id rather not spend my special occasions here
Thank you for sharing such a detailed review about ethiopian airlines in your post. I am an avid traveller and keep reading flight reviews to assess the options available. Your review particularly drew my attention because you have shared so many pictures to capture every aspect of the flight experience. It is a very nice effort.
More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html
I am really tempted to book the next ethiopian airlines ticket and relive your journey. The pictures shared with the post also reflect that you truly enjoyed the travel. Great post! I also like the fact that you have covered nuances about the food and entertainment service through the pictures. It helps people know what to expect on their travel by this airline.
More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html