SAA claims R162m ‘profit’ but deeper analysis shows a R1bn operating loss

Daily Maverick | 01.04.2026 22:18
Beyond its superficial claims of being profitable, SAA’s 2025 annual report is deeply disappointing and raises the fear that, like a ghoul risen from the dead, SAA V2.0 is a reincarnation of the insatiable monster that was SAA V1.1.