SAA is pursuing partnerships rather than government financial support, as the airline grapples with rising fuel costs and ongoing scrutiny over its financial position following a disclaimer audit opinion from the Auditor-General of South Africa AGSA.
In late April, the Auditor General of South Africa issued a disclaimer audit opinion on SAAs 2024/25 financial results , flagging unreliable financial statements, revenue leakage, material uncertainty and reliance on once-off gains in SAAs 2024/25 financial results, raising questions about the reliability of the airlines reported profits.
In multiple media interviews, the airline has provided no further clarity about its financial state, but SAAs new Acting CEO, Matshela Seshibe , has maintained that the airline is striving for sustainability and, at the recent 14 th Aviation Stakeholders Convention ASC this week, he noted in passing that an airline can't be sustainable without being profitable.
