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