We have to get income up and costs down [at SAA]. It’s going to be painful…— Bob Head, SAA
I’ve been there [SAA] for three weeks… My wife found us a house… I’m now living in South Africa… I’m looking forward to Monday; my dogs arrive.— Bob Head, SAA
Last month troubled state-owned airline South African Airways (SAA) announced the appointment of turnaround specialist Bob Head as its new interim chief financial officer (CFO).
This comes after the airline suspended CFO Phumeza Nhantsi and former chief executive Musa Zwane following a forensic probe.
Head brings to SAA his vast experience in various senior management roles at home, and abroad.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
I started work when I was 13…— Bob Head, SAA
I like using my brain, and I like people. When a company is in trouble, the big guys always seem to get a big payoff… I hate the fact…. that the small guys have to suffer…— Bob Head, SAA
Old Mutual and Nedbank had a quite distant relationship… It was the best of times, it was the worst of times… but everybody just bent their backs… It was absolutely fantastic… and, of course, we were successful.— Bob Head, SAA
I staked my career twice on Mike Brown…— Bob Head, SAA
I would leave my wallet with Ivan [Pillay]; I will let my daughter stay with Ivan…— Bob Head, SAA
Yes [when asked if SAA is salvageable].— Bob Head, SAA
I have a six months’ contract…— Bob Head, SAA
Some of it [turnaround of SAA] is quite simple…— Bob Head, SAA
Enjoy The Money Show, but miss it sometimes?
Get the best bits emailed to you daily, right after it ends:
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield asks Bushveld Minerals founder Fortune Mojapelo to share his success story.
Launched in 2016, The Duchess has won numerous awards and successfully broke into the UK, Belgium and the Scandinavian countries.
The Money Show’s Bruce Whitfield interviews Zuko Kubukeli, CEO at Pape Fund Managers.
Spartan SME Finance provides finance for small businesses. Bruce Whitfield interviews its CEO, Kumaran Padayachee.
Nicola Harris (founder, Click Foundation) on her mission to radically transform educational outcomes of disadvantaged learners.
Lulaway has placed 30 000 young South Africans in jobs since 2011. Bruce Whitfield interviews its CEO, Jake Willis.
The newly elected president of the Black Management Forum (BMF) is Andile Nomlala.
Wendy Knowler, consumer journalist, on the importance of carefully reading your documents when you buy assets.
Google has not only indexed the internet, but they have also mapped the world
Annual consumer price inflation increased at a faster rate of 4.5% in January, compared to 4% in December.
South Africa's Grand Parade Investments (GPI) Ltd will sell its 95.36 percent stake in the Burger King franchise.
Thuli Mpetsheni says she does not know the circumstances surrounding her son's detainment but it appears his visa has expired.
SAA returned to Parliament on Wednesday to brief public finance watchdog Scopa on its state of affairs.
ABC leader and Lesotho Prime Minister Tom Thabane has announced twice that he will retire with no time specified.
Discovery Health CEO Dr Ryan Noach explains why they could not fund a valve implant called a Xen stent for a glaucoma patient.
Stop Stock Outs Project manager Kopano Klass explains the investigation they did to unearth this shortage of medicines.