Sat May 25 17:28:04 SAST 2013

Airline's board, auditors axed

Aug 14, 2012 | Sapa | 13 comments

Public Enterprises Minister Malusi Gigaba has axed the board of the state-owned airliner SA Express

Comments

Sat May 25 17:28:04 SAST 2013 ::
avatar image
Aug 14, 2012

Reyataz

Well, would you have had time to even look into the statements minister if your were busy cheating on your wife, writing all those saucy smses to your nyatsi? Eish, JZ has so many people emulating him!
Report Abuse
avatar image
Aug 14, 2012

TDK

Common. Leave the guy alone. I don't think ministers including JZ have time to read through the entire reports. Someone do peruse for them and they just browse through the summary.
Report Abuse
avatar image
Aug 14, 2012

Secretary

Before Mangaung :Public Enterprises Minister Malusi Gigaba has axed the board of the state-owned airliner SA Express
``````````````````````````````````````````````
After Mangaung:ANC has axed former Public Enterprises Minister Malusi Gigaba and Aluminium Shower.
Report Abuse
avatar image
Aug 14, 2012

tpaz

What does the minister know about corporate governance and basic accounting...
Report Abuse
avatar image
Aug 14, 2012

MommaC

“accounting errors that can be attributed to the bookkeeper’s incompetence and inexperience”.

ummmm who employed the 'bookkeeper' (wouldn't an accountant be a good idea for something this large?) and who has not replaced the incompetent 'bookkeeper' ???
Report Abuse
avatar image
Aug 14, 2012

tokolosi

so if they have not produced AFS for 2 yrs, what did the auditors sign then - seriously...will Nkonki also repay the auditing fees they recevied for the 2 yrs?
Report Abuse
avatar image
Aug 14, 2012

Phuphethakatha

It's a mess just about everywhere. Now I am worried about what's not yet known to public !
Report Abuse
avatar image
Aug 14, 2012

zino

i put a problem,u fire me it remains minister or u can rid it after a long time<<over ten yrs
Report Abuse
avatar image
Aug 14, 2012

Rathebe

Keep up the good work Minister,your efforts in government are well received by many people, when you were ANCYL President you focused on youth related issues more than anything else and you also served at Home Affairs with dinstinction. You are truly a shinning star and good example to your colleagues in terms of performance in cabinet. I am confident you will turn the parastatals around.
Report Abuse
avatar image
Aug 15, 2012

Dandan

@tpaz
What does the minister know about corporate governance and basic accounting
-------------------------------------------------------

you are idiot yourself, the big one , you forget that auditors are there to do their job, shut up focus on your administration job , you know nothing about management responsibilities
Report Abuse
avatar image
Aug 17, 2012

Tsatsatsa

Nkonki must be investigated, now they are happy that their engagement has ended. Kodwa inkinga ayikho kwiBoard kumele kubhekwe kwi_incompetency in their Finance Division and heads must roll (Government's favourate line)
Report Abuse
avatar image
Aug 21, 2012

Serene

Nkonki issued an audit opinion on SA Express financial statements last year.....it later appeared that the financial had material mistatements which they (Nkonki) failed to detect ....
Steven (Nkonki strategic partner) then later on withdrawn their audit opinion

...............talk about due diligence and proficiancy on the auditor's side..................

Report Abuse
avatar image
Aug 21, 2012

Serene

Tsatsatsa
Nkonki must be investigated, now they are happy that their engagement has ended.
----------------------------------------------------------------------------------------------------------------------------

wonder how much were audit fees for previous two financial years? they are already facing a reputational risk..
Report Abuse

Read all 13 comments

Your Subscription

The SowetanLIVE Network