South African Airways (SAA) on Wednesday appointed Phumeza Nhantsi permanently as the new chief financial officer (CFO), effective from 1 May.
The 39-year-old Nhantsi has been SAA’s interim CFO since November 2015 after the position was left vacant following the departure of Wolf Meyer.
Nhantsi, who is a chartered accountant, has extensive experience in the financial services and aviation arena.
Prior to joining SAA, Nhantsi was a director at SizweNtsalubaGobodo, the largest black-owned and managed accounting firm in South Africa.
The national carrier said the appointment followed a rigorous recruitment and selection process before a recommendation was made to government for concurrence.
SAA acting chief executive, Musa Zwane, congratulated Nhantsi on her appointment and wish her well in executing her responsibilities.
“Since the appointment of the full-strength Board in September 2016, the focus has been on stabilising the business and one of the priorities was to ensure that key management vacancies are filled,” Zwane said.
“This is one such key appointment for the airline to ensure that SAA’s strategic objective of transforming the business into a financially sustainable aviation group is achieved.”
– African News Agency (ANA)
