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Telkom chief investment officer to be seconded to SAA

Oct 04 2018 18:59
Lameez Omarjee, Fin24

South African Airways (SAA) has appointed Deon Fredericks as its interim chief financial officer, according to a statement issued on Thursday.

Fredericks was formerly the CFO at Telkom and the current chief investment officer at the telecommunications company.

Fredericks’ appointment will be effective from October 15, he will be seconded from Telkom for a 12-month period.

“We welcome the appointment of Mr. Fredericks to ensure that SAA’s strategic objective of transforming the business into a financially sustainable aviation group is achieved,” said SAA board chair JB Magwaza.

Fredericks is a chartered accountant by training and was Telkom’s CFO from September 2014 to July 2018.

He will take over from SAA’s current interim CFO Robert Head, whose contract ended on September 30.

During the next 12 months SAA will “initiate and finalise” the recruitment of a permanent CFO, the airline said.

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