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SAA appoints Telkom’s Fredericks new interim CFO

Newly-appointed SAA interim CFO Deon Fredericks

Newly-appointed SAA interim CFO Deon Fredericks

Photo by Dylan Slater

5th October 2018

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

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South African Airways (SAA) on Friday announced that Deon Fredericks has been appointed SAA’s new interim CFO, effective October 15.

Fredericks is on secondment from Telkom for a 12-month period.

SAA chairperson JB Magwaza said SAA’s board of directors welcomed the appointment of Fredericks, noting that it would ensure SAA’s strategic objective of transforming the business into a financially sustainable aviation group 

Fredericks is currently Telkom’s chief investment officer and was previously CFO of the telecommunications group from September 2014 to July 2018.

Fredericks takes over from Robert Head whose contract as SAA interim CFO ended on September 30.

“We would like to thank Bob for his contribution during a difficult time for the airline and wish him well in his future endeavours,” said Magwaza.

SAA will, in the ensuing 12-month period, initiate and finalise the recruitment process for the appointment of its permanent CFO.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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