Phumeza Nhantsi has been appointed CFO of SAA. Picture: Supplied
Phumeza Nhantsi has been appointed as South African Airways' new Chief Financial Officer (CFO). 

Nhantsi, 39, has been the interim CFO since November 2015, following the departure of  Wolf Meyer.

In a statement, SAA acting CEO Musa Zwane said the appointment was part of SAA's efforts to stabilise the airline.

“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. 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,” said Zwane.

Prior to joining SAA, Nhantsi was a director at SizweNtsalubaGobodo (SNG), the largest black-owned and managed firm, the statement said. 

“We congratulate Ms Nhantsi on her appointment and wish her well in executing her responsibilities,” said Zwane.