South African Airways: Troubled airline returns to intercontinental travel - BBC News

South African Airways is trying to rebuild its reputation after being plagued by corruption allegations.

14 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, In 2011, the airline marked the arrival of new planes but its fleet has now been pared backBy Jewel Kiriungi BBC News, JohannesburgSouth African Airways - once a giant of African aviation - is back in the intercontinental market, but there are still doubts about its financial viability.

It had disappeared from our skies altogether in September 2020, having fallen victim not just to Covid but also another disease that has plagued some other state-run carriers - corruption and mismanagement.

It may be on the verge of a sale that would see a private consortium take a majority share in the business.

However, its handling of finances has recently come in for severe criticism by the country's public spending watchdog.

In a scathing report, Auditor-General Tsakani Maluleke said that the financial statements SAA had drawn up dating from the 2018-19 financial year lacked credibility. The airline recorded losses in the four years from 2018 of a staggering $1.2bn (£1bn).

https://www.bbc.co.uk/news/world-africa-67554708?at_medium=RSS&at_campaign=KARANGA

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