Vodacom Appoints New Group CFO

Vodacom has appointed Raisibe Morathi as its new Group chief financial officer (CFO), effective from 1 November 2020. Morathi joins the telco after resigning from her position as Nedbank CFO – a role that she has held since 2009.
Morathi is also expected to 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,” says Vodacom in a statement.
TechCentral reports that Morathi is a “chartered accountant and has completed an Advanced Management Programme with Insead (France). Her other qualifications include a higher diploma in taxation from Wits University and she is completing a master’s 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,” says Vodacom CEO, Shameel Joosub.

“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 (Exco).”

Vodacom Nigeria Appoints New MD

Vodacom Business Africa announced that it has appointed Valentine Chime as the new managing director for its Nigeria operations.

Chime joins the Company from Aruwa Capital, a private equity company investing across West Africa. Prior to this, he was at Kaizen Venture Partners, a private equity company focused on distressed assets. He has held various C-suite positions in a number of portfolio companies in different sectors.

As MD, Chime will drive the Company’s vision of becoming Africa’s leading cloud and digital service provider, bringing to market a very relevant suite of next-generation technology solutions in the fields of Edge AI, SD-WAN/NFV and Cloud.

Edited by Jenna Delport
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