Cell C Workers To Go On Strike On Monday

Embattled Cell C faces more trouble on Monday when its workers go on strike over imminent retrenchments. The Information Communications and Technology Union (ICTU) announced...

Latest Posts

What Lessons Can Be Drawn From The MV Wakashio Incident?

By Rubesh Doomun PORT LOUIS, Mauritius -- Much ink, and oil, has already been spilled about Mauritius having to deal with an ecological catastrophe. A...

Nexio Strengthens Management Team With Senior Appointments

Nexio, South Africa’s digital system aggregator and solution provider, has strengthened its management with the appointment of six executives. In August, Nexio appointed Mickey Mashale...

US-Based Investor SixThirty Invest in SA’s InsurTech Firm Click2Sure

SixThirty, US-based tech venture capital fund, is making a big bet on South Africa's InsurTech company Click2Sure. SixThirty is a venture capital fund and...

What Is An Algorithm? How Computers Know What To Do With Data

by Jory Denny The world of computing is full of buzzwords: AI, supercomputers, machine learning, the cloud, quantum computing and more. One word in particular...

Vodacom Taps Nedbank’s Executive Raisibe Morathi as Group CFO

Vodacom Group has announced Raisibe Morathi as its new Group Chief Financial Officer (CFO).

Her appointment is effective 1 November 2020, when she will also be appointed to the Vodacom Group Board.

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.

Raisibe joins Vodacom from Nedbank Group, where she was the Group Chief Finance Officer since 2009. She was responsible for leading a team of over 900 people involved in finance and operations and focussed on strategic decision making impacting the Group. For most of her tenure at Nedbank, she was the patron of its Women’s Forum, demonstrating her commitment to the development of women and young people.

Raisibe is a Chartered Accountant (SA) and has also completed an Advanced Management Programme (AMP) with INSEAD (France). Her other qualifications include a Higher Diploma in Taxation (Wits University) and she is currently a few months away from completing her Masters in Philosophy (Corporate Strategy) at GIBS.

“I am delighted to welcome Raisibe to the Vodacom Group, where she will drive and continue to modernise our finance operations as we position ourselves 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,” Shameel Joosub, CEO of Vodacom Group, said.

 

“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 (Exco).”

Raisibe has acquired 26 years of experience, including 20 years in executive roles at institutions such as Industrial Development Corporation, Sanlam and Nedbank. Raisibe succeeds Till Streichert following his departure in June 2020 and the interim appointment of Sitho Mdlalose as Group CFO.

“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,” Raisibe said.

 

“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.”

Joosub thanked Sitho Mdlalose for his significant contribution as interim Group Chief Financial Officer 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.”

 

Latest Posts

What Lessons Can Be Drawn From The MV Wakashio Incident?

By Rubesh Doomun PORT LOUIS, Mauritius -- Much ink, and oil, has already been spilled about Mauritius having to deal with an ecological catastrophe. A...

Nexio Strengthens Management Team With Senior Appointments

Nexio, South Africa’s digital system aggregator and solution provider, has strengthened its management with the appointment of six executives. In August, Nexio appointed Mickey Mashale...

US-Based Investor SixThirty Invest in SA’s InsurTech Firm Click2Sure

SixThirty, US-based tech venture capital fund, is making a big bet on South Africa's InsurTech company Click2Sure. SixThirty is a venture capital fund and...

What Is An Algorithm? How Computers Know What To Do With Data

by Jory Denny The world of computing is full of buzzwords: AI, supercomputers, machine learning, the cloud, quantum computing and more. One word in particular...

Don't Miss

MTN Taps Rahul De as New CEO of Lonestar Cell MTN Liberia

MTN announced on Friday afternoon the appointment of a new CEO for MTN Liberia Lonestar Cell. Rahul De, the current chief marketing officer of...

Vodacom Quietly Prepares to Indirectly Acquire Embattled Cell C Prepaid Customers 

Insiders have revealed that Vodacom South Africa has installed an indoor RF site (Antenna) at the headquarters of cash-strapped Cell C in Sandton. TechFinancials has...

Saftu Joins Fight To Save Jobs At Cell C  

The South African Federation of Trade Unions (Saftu) has joined efforts to save thousands of jobs at Cell C. The Information Communications and Technology Union...

Political Party Threatens to Shut Down Cell C stores  

The African Democratic Change (ADEC) party has demanded that Cell C shuts its stores today. The demand follows the breakdown of talks between management at Cell C and...

Vodacom To Lock Horns With Lesotho Over Operating Licence

Vodacom and Lesotho government are to lock horns over the mobile operator's operating licence, which has been revoked by small Southern Africa's landlocked country. The...

Stay in touch

To be updated with all the latest news, offers and special announcements.

%d bloggers like this: