Oceana Group brings in turnaround specialist Zaf Mahomed as CFO designate

post-title

Zaf will take on the role of CFO designate from November, and will become CFO in February 2023.

Oceana Group, which recently said goodbye to two top executives, has announced the appointment of Zaf Mahomed as its CFO designate with effect from 1 November.

“I'm really excited to be joining the Oceana Group with its long history, global reach and excellent empowerment credentials,” Zaf says. “I’m looking forward to working with the team to unlock value for all stakeholders.”

He will assume the role of CFO and executive director from 1 February 2023, and will be taking over from Ralph Buddle, who has been serving as interim CFO since August.

Zaf joins the group from Cell C, where he was responsible for the turnaround and recapitalisation of the telcom. Before that, he was the CFO tasked with the turnaround of McDonald’s South Africa.

He has extensive experience across various industries, including manufacturing, retail, financial services, real estate and property, food, medical, mining and FMCG. He brings with him his expertise in mergers and acquisitions, strategy development, property management, investor relations, change management and business turnaround.

Related articles

CFO Isaac Malevu serves South Africa with pride and dedication

CFO Isaac Malevu successfully made the switch from the private to the public sector when joining the Industrial Development Corporation (IDC) four years ago. His hard work in leading the corporation through crises was ultimately what earned him the 2023 Public Sector CFO of the Year Award.

CFO Jan Hofmeyr shares his blueprint for technological transformation

Passionate about the opportunity technology can bring, 2023 Finance & Technology Award winner Jan Hofmeyr has been breaking the CFO mould at OUTsurance by driving the transformation of its finance department so it remains relevant in an increasingly digital future. He reveals how this change has affected the entire business.

Top