https://www.engineeringnews.co.za

SAA appoints interim CFO

30th November 2015

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

Font size: - +

South African Airways (SAA) has appointed Phumeza Nhantsi as interim CFO, following Wolf Meyer’s resignation.

Nhantsi was seconded from accounting firm SizweNtsalubaGobodo where she served as director. She also served as lead engagement partner to Denel and within the Denel Group, and was responsible for the signing of the Denel Group, Denel Aviation, Denel Aero Structures, and Denel Land Systems.

“We welcome Phumeza to the SAA family. She has extensive experience in the financial services arena and, specifically, one of her key clients is Denel, which is where she gathered institutional knowledge in the aviation space,” SAA acting CEO Musa Zwane said on Monday.
 
Besides serving as a member of the policy committee and a member of the remuneration committee at SizweNtsalubaGobodo, Nhantsi also had more than ten years’ experience in the aviation industry.

SAA’s financial losses had widened to R4.7-billion in the last financial year and it was confirmed earlier this month that SAA had made a further loss of R648-million in the first six months of the current financial year.

It was seeking further guarantees from government to the tune of R5-billion so it could finalise its 2014/15 financial statements. This followed National Treasury granting SAA a guarantee of R6.5-billion in December 2014, media reports stated this weekend.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.074 0.134s - 176pq - 4rq
Subscribe Now