State airline, South African Airways, SAA on Friday, revealed it has recorded a loss of 4.67 billion rand (330 million dollars) between 2014 and March 2015.
According to financial results presented to the parliament, the Star Alliance sales during the period were 30 billion rand.
In 2014, the company posted a loss of 2.56 billion rand.
However, struggling SAA has delayed the publication of the latest results several times.
Meanwhile, the country’s major opposition party, the Democratic Alliance, has accused the administration of President Jacob Zuma of serious mismanagement.
He also called has called for the company to be privatized for better management.
Got a news tip/information for us? Email firstname.lastname@example.org
Follow us on twitter @thesheetng
BBM Channel: C0042057A
Like us on Facebook @ www.facebook.com / The Sheet
This is a 2016 Copyright of thesheet.ng. You may wish to request express approval from thesheet.ng to republish.