South African Airways (SAA) may face insolvency within the next 12 months unless it successfully improves its liquidity situation.
This warning was issued by the Auditor-General of South Africa’s (AGSA) office on April 21, 2026, during a briefing to the Portfolio Committee on Transport regarding SAA’s current financial status.
Thato Kunene, senior audit manager at AGSA, described SAA as a going concern with significant material uncertainties.
SAA and its subsidiary SAA Technical received a disclaimer audit opinion from the AGSA for the 2024-2025 financial year.
This means that the government’s auditors could not verify whether SAA’s financial records were…