MinBane

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Gordhan also accused of frustrating SAA’s plans to secure funding (Youtube-Clip)

“As the stand-off continues between Finance Minister, Pravin Gordhan and the Hawks, Gordhan has also been accused of frustrating SAA’s plans to secure funding. SAA former auditor and risk committee member, Yakhe Kwinana, resigned in anticipation of the airline’s liquidation. Kwinana says Gordhan has refused to give SAA a loan guarantee until a new board is installed. South African Airways says an interruption of service on any of its routes is highly unlikely. That’s according to its spokesperson Tlali Tlali. But Kwinana, says the airline is facing possible deregulation in Ghana and Hong Kong, due to its failure to submit financial statements. Kwinana says her resignation was informed by SAA’s imminent collapse which she believes could hurt her credibility as an accountant” (SABC Digital News, 2016)

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