SCOPA postpones oversight visit to SAA

Standing Committee on Public Accounts (Scopa) will no longer set foot in the premises of cash-strapped South African Airways (SAA).

According to Scopa chairperson Mkhuleko Hlengwa, its decision comes after the committee learnt that the ailing airline is now under business rescue.

Image result for Mkhuleko Hlengwa,"
Scopa chairperson Mkhuleko Hlengwa

The visit was over the national flag carrier airline failing to submit its financial statements.

READ: Cash-strapped SAA under business rescue

SAA spokesperson Tlali Tlali announced on Thursday that SAA is now under business rescue following a meeting between its board of directors and the Department of Public Enterprises (DPE) where it was unanimously concluded that placing the airline under business rescue is necessary.

“The committee welcomes this step and hopes that the process will assist the airline to receive the assistance it requires,” said Hlengwa.

Hlengwa adds that Scopa will award the airline space to finalize the process of the business rescue and would only meet with the airline and its shareholder once the committee has completed its own consultations.