SA Express is crashing because of poor financial management - Scopa
The liquidators of SA Express on Wednesday told Parliament's standing committee on public accounts (Scopa) that they found massive discrepancies in the company's asset evaluation.
Scopa in return says it will be seeking answers from board members and CEOs of SA Express over the collapse of the government owned regional carrier.
In April the carrier was placed under provisional liquidation and the process has been extended to September after a successful application to the high court by the liquidators.
Bongani Bingwa speaks to Scopa chairperson Mkhuleko Hlengwa to give more insight on the matter.
We are not suprised that it has come to this, given all the warnings that we gave about compliance at the regional carrier. The airline crashed because of poor financial management.Mkhuleko Hlengwa, Chairperson - Scopa
The brutal brant of the airline crashing is going to felt by the employees, he says.
The liquidators clearly indicated to us that the intergrity of the record keeping is called into question because they have had to investgate and assess everything to find that there are discrepancies which makes it difficult for them to move forward.Mkhuleko Hlengwa, Chairperson - Scopa
Listen below to the full conversation:
EWN reporter Theto Mahlakoana reflects on a report that found that DG of the entity hired the mother of his child.Read More
Xolile Nqatha was heard asking mourners to be thoughtful of an accused who is in quarantine as he might be weak to handle stress.Read More
Chief electoral officer Sy Mamabolo reflects on the scheduled local elections during a pandemic.Read More
Pundits weigh in on the call by teacher union Sadtu to close schools until after the COVID-19 peak.Read More
Commission chairperson George Mashamba reflects on the duties of the ruling party's integrity body.Read More
General-secretary Mugwena Maluleke says now is the time to save pupils' lives.Read More
Health Minister Zweli Mkhize says the focus is on the establishment of committees at ward level and to also tackle the stigma.Read More
Bruce Whitfield interviews reps from the Restaurant Association Of SA, Business Unity SA and the National Liquor Traders Council.Read More
Liquor Traders Association of SA's Sean Robinson and Gauteng Liquor Forum's Fanny Mokoena reflect on liquor ban.Read More
Wits School of Governance's professor Alex van den Heever unpacks the latest restriction by the President Cyril Ramaphosa.Read More