Friday 17 January 2020
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allafrica - 3 days ago

South Africa: Mango Low-Cost Airline - a Story of Profitability That Is Too Good to Be True?

[Daily Maverick] It appears unlikely that all Mango s expenses have been accurately reflected in its accounts and that perhaps the SAA Group, with the assistance of some creative accounting, has been of the view that a more palatable story to sell taxpayers and the Department of Public Enterprises is of a group with one profitable carrier as opposed to two loss-making airlines.

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