Only hours after her resignation as Nedbank CFO was announced, Vodacom announced that Raisibe Morathi has been appointed as its new group CFO with effect from 1 November.
About her appointment, Raisibe said:
“I’m excited to be joining the Vodacom Group board and exco at a time when it has simplified its structure to drive increased focus across all of its international territories. I look forward to leading a high-performing finance team, driving the function’s strategic digital transformation and contributing to the future success of the group.”
According to a statement by the company, as one of the most experienced and one of very few African black female CFOs of a listed company in South Africa, Raisibe’s appointment underscores Vodacom’s commitment to driving diversity across the workplace.
Vodacom Group CEO Shameel Joosub said that he is delighted to welcome Raisibe to the group, where she will drive and continue to modernise Vodacom’s finance operations as it positions itself as a leading pan-African technology company.
“Raisibe has a proven track record in dealing competently with complex leadership challenges and driving strategic transformational change. Given Vodacom Group’s leadership position as a mobile money provider in Africa and our accelerated growth ambitions beyond traditional telco services, Raisibe’s extensive financial services experience makes her an excellent addition to the Vodacom Group board and executive committee.”
Raisibe will be taking over from Sitho Mdlalose, who was appointed as interim group CFO following the resignation of Till Streichert to pursue an opportunity outside of Vodacom.
“I would like to thank Sitho Mdlalose for his significant contribution as interim group CFO during a time that happened to coincide with the unprecedented global pandemic. In his new role as CFO of Vodacom South Africa (VSA), Sitho will have dual reporting lines into Raisibe and Balesh Sharma, designate CEO of VSA,” concludes Shameel.
(COMPILED BY CFOSA)