The struggling national carrier South African Airways (SAA) has appointed Thomas Kgokolo as the new acting CEO.
Mr Kgokolo has assumed the position with immediate effect with an aim to move the business into a new entity.
A statement from the SAA board adds that Kgokolo had 15 years of public sector experience and more than 10 years of experience at a non-executive director level.
Kgokolo is a qualified chartered accountant and holds a masters of business administration degree from the Gordon Institute of Business Science, where he is also a lecturer in corporate finance.
The SAA board said that part of Kgokolo’s mandate would be to oversee a smooth transition of the entity from business rescue proceedings, which started in December 2019, and prepare its re-entry into the market.
With SAA struggling to realise profits, and a constant change of leadership over the past decade, the new acting CEO’s first challenge will be to keep the airline afloat.
There are plans to launch a new airline this year.