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SAA Board sub-committee appoints KPMG for forensic audit

Johannesburg. 17 February 2009

A sub-committee established by the Board of South African Airways (SAA) has appointed KPMG’s Forensic Unit to conduct a forensic audit into allegations surrounding the airline.

The in-depth investigation will get under way immediately, and will probe the following issues:

1.The issue of retention premiums
2.Alleged issues of a conflict of interest
3.Issues of procurement

The Board has indicated that it views the allegations in a serious light, and that the investigation will be concluded as a matter of urgency while at the same time ensuring that it is thorough.

Issued on behalf of SAA’s Board of Directors