Oceana Group brings in turnaround specialist Zaf Mahomed as CFO designate


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 Walter Leonhardt: Sipping on new experiences

Coca-Cola Beverages South Africa’s Walter Leonhardt will be retiring as CFO at the end of the year. During a tour of the factory, Walter recently chatted with CFO Magazine and shared what his final two years at the beverage manufacturer and distributor have been like, and what the future has in store.

The moments that made the 10th annual CFO Awards memorable

Held on the 16th of November at the exclusive Polo Room in Sandton's Inanda Club, the event lived up to its moniker as the “Oscars of Finance”, delivering a spectacular celebration of excellence, innovation, and resilience in the financial sector.