Data provided by McGregor BFA
All data is delayed
Loading...
See More
Where am I? Home

Gigaba wants audit into SA Express

Jul 19 2012 09:31 Sapa

Related Articles

Gigaba: Environment matters to business

Coal mooted as strategic resource

Gigaba: We're working to avoid power cuts

Gigaba: Business must invest more

Gigaba: State battles to compete

Rein in bonuses, Gigaba asks

 

Johannesburg - Public Enterprises Minister Malusi Gigaba has asked the auditor-general to help reconstruct SA Express' financials, according to a report on Thursday.

"Reports come and you want to act and then you realise that you don't have sufficient information to act... what we want to know actually is what happened to the financials," he was quoted as saying in the Business Day.

On Wednesday, Gigaba said he had approached the auditor-general's office for assistance with "reconstructing the airlines financials".

SA Express was forced to withdraw its financial statements for the past year for reportedly being "inaccurate" and "unreliable".

One of the issues was a VAT amount of R32m. SA Express has told Parliament this amount may not be fully recoverable from the SA Revenue Service.

SA Express chairperson Lillian Boyle said she was delighted to hear that the auditor-general would assist in the finalisation of its accounts.

"At least now there may be some action. The process has reached a long logjam.

 
sa express  |  malusi gigaba
NEXT ON FIN24X

 
 
Comment on this story
3 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

For detailed Unit Trust information, click here.

We're Talking About...

The Debt Issue

The Debt Issue brings you the latest debt news, tips on how to deal with and avoid debt, a panel of debt experts and real life debt stories from across South Africa.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...