Raisibe Morathi appointed as Vodacom group CFO

Raisibe will be taking over from exiting Till Streichert as Vodacom group CFO with effect from 1 November.

Only hours after her resignation as Nedbank CFO was announced, Vodacom announced that Raisibe Morathi has been appointed as its new group CFO with effect from 1 November. 

Read more: Raisibe Morathi experiences mixed emotions as she steps down as Nedbank CFO

About her appointment, Raisibe said: 

“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. 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.”

According to a statement by the company, 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.

Vodacom Group CEO Shameel Joosub said that he is delighted to welcome Raisibe to the group, where she will drive and continue to modernise Vodacom’s finance operations as it positions itself 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. 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.”

Raisibe will be taking over from Sitho Mdlalose, who was appointed as interim group CFO following the resignation of Till Streichert to pursue an opportunity outside of Vodacom.

“I would like to thank Sitho Mdlalose for his significant contribution as interim group CFO 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,” concludes Shameel.

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Raisibe took up the reins as CFO at Nedbank in September 2009 and was charged with driving transformation in the finance division. Over more than 15 years in the financial services and insurance industries, she has served in a number of senior positions at the likes of Santam, HSBC, AMB and the IDC. She was also an advisor to the government. 

Raisibe is a chartered accountant with a certificate in advanced management from INSEAD in France and a higher diploma in taxation from Wits University.

Raisibe was nominated for the CFO Awards in 2015 and 2017 for her role as Nedbank’s CFO. She currently sits on the panel of judges for the CHRO Awards – a role that she has found rewarding. 

Read more: Raisibe Morathi nominated for CFO Awards