Loading...
See More

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

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

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

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

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