With no apparent sense of urgency, the South African Airways SAA Group has announced some key figures of its earnings for the year ended March 2025, five months later than required.
As a state-owned entity SOE, SAA is required under the Companies Act to prepare its annual financial statements within six months of its financial year end, while the Public Finance Management Act PFMA determines when the results must be presented to parliament .
SAA announced that the group, including subsidiaries such Air Chefs and SAA Technical, made a R155 million net profit and R30 million for the airline during the period. The announcement was made on Friday during the groups Annual General Meeting.
