ShapeShifter

Meet turnaround specialist Bob Head, SAA’s brave new Chief Financial Officer

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.

The Money Show’s Bruce Whitfield interviewed Head for his weekly “ShapeShifter” feature.

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:

Subscribe to our mailing list

* indicates required

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
How RMB went from 'too poor to buy a photocopier' to the largest bank in SA

How RMB went from 'too poor to buy a photocopier' to the largest bank in SA

Bruce Whitfield sat down with GT Ferreira, Laurie Dippenaar and Paul Harris, the inspirational founders of Rand Merchant Bank.

Meet Eben Uys of Mad Giant, where mad science meets a massive love of beer

Meet Eben Uys of Mad Giant, where mad science meets a massive love of beer

Mad Giant was born from the desire to conquer the world and take chances with no fear of the outcome, says its founder Eben Uys.

10 most-read profile interviews on The Money Show in 2018

10 most-read profile interviews on The Money Show in 2018

The year’s best interviews of South Africa and the world’s most famous (and infamous) movers and shakers.

'People love living in our hotels. We’re at 80% occupancy'

'People love living in our hotels. We’re at 80% occupancy'

The Money Show’s Bruce Whitfield interviews Marc Wachsberger, Managing Director and founder of The Capital Hotel and Apartments.

Meet Sewela Mokoena, the inspiring 28-year-old distiller of Eleven28 Gin

Meet Sewela Mokoena, the inspiring 28-year-old distiller of Eleven28 Gin

Bruce Whitfield interviews Mokoena, single mother of Refiloe, the inspiration behind her businesses, including "Eleven28 Gin".

Hedy Lamarr invented what became Wi-Fi. She's more famous for onscreen nudity

Hedy Lamarr invented what became Wi-Fi. She's more famous for onscreen nudity

You may not have heard of Hedy Lamarr, but you owe this 1940s Hollywood star a great deal.

Popular articles
Why 'prescribed assets' is (mostly) a terrible idea – Magda Wierzycka (Sygnia)

Why 'prescribed assets' is (mostly) a terrible idea – Magda Wierzycka (Sygnia)

Bruce Whitfield interviews Wierzycka about the ANC’s flirtation with forcing pension funds to invest in ailing SOEs such as Eskom.

I might go back to court - Vodacom 'Please Call Me' inventor Nkosana Makate

I might go back to court - Vodacom 'Please Call Me' inventor Nkosana Makate

The Money Show’s Bruce Whitfield interviews "Please Call Me" inventor Nkosana Makate.

We need an honest conversation about African institutions says Eusebius

We need an honest conversation about African institutions says Eusebius

Eusebius McKaiser says there needs to be a conversation about African institutions and how they can help Zimbabwe.

[WATCH] Gymnast's routine has internet buzzing

[WATCH] Gymnast's routine has internet buzzing

Khabazela shares tweets and Facebook posts that have gone viral.

Bryan Habana opens up about money, and now having to buy his own clothes

Bryan Habana opens up about money, and now having to buy his own clothes

Bruce Whitfield interviews the legendary Springbok about his attitude toward money (hopes and fears, successes and failures, etc.)