Vodacom announced on Thursday a simplified structure by creating a standalone South African operation with its own managing director and assuming responsibility for managing Vodafone Ghana.
The creation of a standalone South African operating company was necessitated by a need to play a central role in overseeing all operations across its African footprint, the Vodafone-owned company said.
The newly created Vodacom South Africa operation will be led by Balesh Sharma in the newly created role of Managing Director.
Vodacom Group added that it will assume management responsibility for Vodafone Ghana from 1 April 2020.
The company has also concluded a joint venture with Safaricom to accelerate the expansion of M-PESA, having acquired the M-PESA brand, product development and support services from Vodafone.
Vodacom and Safaricom have also expressed interest in bidding for an Ethiopian telecommunications license as part of a consortium. Vodacom holds a strategic stake in Safaricom, one of Africa’s largest Telcos.
“The stellar financial performance of our International Portfolio combined with the added responsibility of managing Vodafone Ghana and accelerating the growth of financial and digital services means that we needed to put the right structure in place to deliver on our ambition of becoming a leading Pan African technology company,” said Vodacom Group CEO, Shameel Joosub.
“This includes the decoupling of Vodacom South Africa as a standalone business. Under Balesh’s leadership, I am confident that the increased focus will leverage the numerous opportunities that exist in South Africa from both our traditional Telco business and our technology-focused growth acceleration units.
“The new structure will also place heightened emphasis on our international portfolio and new growth areas to ensure that we continue to diversify our revenue streams.”
Who is Balesh?
Balesh will report directly to Shameel and will join the reconstituted Vodacom Group executive committee (Exco) with effect from 1 July 2020.
Balesh is currently the Director of Special Projects for the Vodafone Group, where he has recently supported the roll-out of a new telecom operation in Oman and has been tasked with driving the COVID-19 response for African markets.
Previously, he was CEO of Vodafone Idea and the Chief Operating Officer of Vodafone India.
He successfully oversaw the integration of Vodafone Idea and drove the strategy and execution of the combined business, delivering substantial synergies in the very first-year post-merger. Balesh is an alumni of Harvard Business School and Mayo College and holds a Degree in Mechanical Engineering from Engineering College, Kota and an MBA from Podar Institute of Management in Jaipur, India.
With effect from 1 July 2020, Beverly Ngwenya and Sitho Mdlalose will join the new Vodacom South Africa Exco as Technology Director and Financial Director respectively, reporting into Balesh.
Beverly joined Vodacom in 2010 and is currently Network Officer responsible for the Mobile Network Engineering and Operations functions of Vodacom South Africa having held several Network and IT positions in Vodacom and Vodafone. She holds a BSc Electrical Engineering degree from the University of Cape Town and completed a Senior Executive Programme at Harvard Business School.
Sitho is a qualified accountant and joined Vodafone UK in 2007 holding various senior roles in finance and internal audit. In his current role, Sitho has had a strong role in the leadership of Vodacom South Africa through his input in areas wider than finance, including commercial and operational areas. Previously, he was CFO responsible for Vodacom’s International Business.
“What the new structure won’t do is shift our priority away from assisting governments to combat the spread of Covid-19 and with the economic recovery from the health crisis. The safety of our staff and customers remains paramount, as does ensuring we continue to deliver on high customer experience standards,” said Shameel.