Morafe Resources: Ditabe Chocho

28 September 2018 CFO South Africa

Ditabe Chocho has been the chief financial officer of Morafe Resources since 1 August 2018.

Ditabe was appointed as the CFO of Morafe Resources on 1 August 2018 under the advisory of previous CFO, Kajal Bissessor, until 31 August 2018. Ditabe previously served as the chief financial officer of MultiChoice Africa and subsequently as chief financial officer and chief operating officer of DStv Online, a division of MultiChoice. He also filled the chief financial officer role of Fraser Alexander after his time at DStv. Other companies he has worked for include Zico Capital, Aflease Gold and Uranium, and Transnet. 

Work
2018 – Present    Chief Financial Officer, Morafe Resources
2012 – 2018         Chief Financial Officer, DStv Online
2009 – 2012         Chief Financial Officer, MultiChoice
2007 – 2009         Chief Financial Officer, CIO, Zico Investment
2006 – 2007         Executive Director, Magumo Investments 
2005 – 2006         Group Financial Manager, Uranium One

Education
                                B.Compt Honours, CTA, UNISA
                                M.Sc, Financial Management, University of London (SOAS)
                                B.Com, Accounting/Statistics, UCT

About Morafe Resources: Merafe Resources is listed on the JSE in the General Mining sector. The main focus of their business is on the 20.5% of the Glencore-Merafe Chrome Venture, in which Glencore has a 79.5% participation. Merafe and Glencore South Africa operations to create the largest ferrochrome producer in the world. 

Merafe Resources Ltd reported a revenue of R5.7 billion in 2016. Merafe had five employees in 2017, but it increased to 6 851 with the Glencore-Merafe Chrome Venture.