Streaming issues? Report here
Joanne Joseph 702 Gradients Joanne Joseph 702 Gradients
Afternoon Drive with Joanne Joseph
15:00 - 18:00
volume_up
volume_mute

Up Next: The Money Show with Bruce Whitfield
See full line-up
Afternoon Drive with Joanne Joseph
15:00 - 18:00
Home
arrow_forward
Politics

SA Express is crashing because of poor financial management - Scopa

18 June 2020 7:34 AM
Tags:
SCOPA
SA Express
SA Express financial woes
Liquidators

Chaiperson Mkhuleko Hlengwa reflects on the liquidators finding discrepancies in the carriers asset evaluation.

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.

RELATED: Is SA Express next in line for business rescue?

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:


18 June 2020 7:34 AM
Tags:
SCOPA
SA Express
SA Express financial woes
Liquidators

Recommended

More from Politics

dovhani-mamphiswanajpg

PSC report finds DG guilty of nepotism and recommends criminal charges be laid

16 July 2020 1:12 PM

EWN reporter Theto Mahlakoana reflects on a report that found that DG of the entity hired the mother of his child.

Share this:
Read More arrow_forward

200716-ec-cogta-mec-edjpg

The whole speech was against corruption and I was quoted out of context - MEC

16 July 2020 12:38 PM

Xolile Nqatha was heard asking mourners to be thoughtful of an accused who is in quarantine as he might be weak to handle stress.

Share this:
Read More arrow_forward

190511sy-mamabolo-iec-resultsjpg

How is IEC preparing for next year's local election in a time of COVID-19

16 July 2020 8:05 AM

Chief electoral officer Sy Mamabolo reflects on the scheduled local elections during a pandemic.

Share this:
Read More arrow_forward

angie2gif

Motshekga to meet basic education stakeholders to seek clarity on schools

15 July 2020 1:57 PM

Pundits weigh in on the call by teacher union Sadtu to close schools until after the COVID-19 peak.

Share this:
Read More arrow_forward

TM-ANC-flag.jpg

'The ANC integrity commission makes recommendations but the NEC has final word'

15 July 2020 12:06 PM

Commission chairperson George Mashamba reflects on the duties of the ruling party's integrity body.

Share this:
Read More arrow_forward

empty-school-desk-chair-classroom-grade-learning-education-teaching-pupils-123rf

Shut down schools until after SA COVID-19 peak - Teacher union Sadtu

15 July 2020 7:34 AM

General-secretary Mugwena Maluleke says now is the time to save pupils' lives.

Share this:
Read More arrow_forward

zweli-mkhizejpg

We urge survivors of COVID-19 infection to tell their stories - Zweli Mkhize

14 July 2020 9:30 AM

Health Minister Zweli Mkhize says the focus is on the establishment of committees at ward level and to also tackle the stigma.

Share this:
Read More arrow_forward

Red wine white woman female funny reaction 123rf 123rflifestyle

'Few restaurants will now survive without selling alcohol. We were blindsided'

13 July 2020 6:33 PM

Bruce Whitfield interviews reps from the Restaurant Association Of SA, Business Unity SA and the National Liquor Traders Council.

Share this:
Read More arrow_forward

liquor-store-sales-wine-champagne-mmc-brut-bubbly-alcohol-booze-drinking-123rf

Liquor traders association aggrieved by sudden ban on sale of alcohol

13 July 2020 11:16 AM

Liquor Traders Association of SA's Sean Robinson and Gauteng Liquor Forum's Fanny Mokoena reflect on liquor ban.

Share this:
Read More arrow_forward

cooler-box-beer-booze-alcohol-liquor-transportation-car- drunk-driving-123rf

'Regulations need to focus on spaces where risk of transmission is high'

13 July 2020 9:00 AM

Wits School of Governance's professor Alex van den Heever unpacks the latest restriction by the President Cyril Ramaphosa.

Share this:
Read More arrow_forward