“SAA management, led by its Acting CEO, Nico Bezuidenhout will present the financial results for the year ending March 2014 and give an update on progress with implementation of its 90 Day Action Plan” said SAA in a statement.
This comes after Finance Minister Nhlanhla Nene approved an additional R6.488 billion guarantee for the country's cash-strapped national airline SA Airways, the finance ministry said on Thursday.
"The additional guarantee will enable SAA to finalise its annual financial statements for 2013/14, making it possible for the airline to hold its annual general meeting (AGM) on Friday next week, 30 January 2015," it said in a statement.
SAA was one of three state owned companies transferred to the Treasury from the department of public enterprises on December 12 after Minister in the Presidency Jeff Radebe said Cabinet was concerned about their performance.
Last month, Nene held an introductory meeting with the SAA board of directors, after the Treasury took control.
Additional reporting by Sapa.
-TheNewAge
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