Job Title: Group CFO
Raisibe Morathi has been the group CFO of Vodacom Group since 1 November 2020.
Prior to this, she served as the CFO at Nedbank since September 2009. Her role at Nedbank focused on driving transformation and performance in the bank during various, challenging business cycles including the Global Financial Crisis in 2008, South Africa ratings downgrades and the bank’s regional expansion. With over 28 years in the financial services industry, she has served in several senior roles in companies such as Sanlam and the Industrial Development Corporation of SA (IDC).
Raisibe is a qualified CA(SA) with a certificate in Advanced Management from INSEAD in France and a Higher Diploma in Taxation from Wits University.
Raisibe was first nominated for the CFO Awards in 2015 for her role as Nedbank’s CFO. She currently serves on the panel of judges for the CHRO Awards – a role that she has found rewarding.
Her board experience, always inclusive of the notable Audit Committee, spans over 20 years in companies of various sectors and sizes. Her background in running a P&L and in corporate leadership afforded her opportunities to serve as a non-executive board member in various listed and unlisted companies from 2008-2019 including Santam, Strate, WBS, Incwala Resources, Foskor and many others. She has also keenly served on the board of non-profit organisations such as Thuthuka Education Fund, a component of the South African Institute of Chartered Accountants (SAICA). Raisibe has always championed the empowerment of women and served as an ambassador of Women Forums in Nedbank and now in Vodacom.
Read more: Raisibe Morathi nominated for CFO Awards
2020 – Present Group Chief Financial Officer, Vodacom Group
2020 – Present Boards of Vodacom Group (listed), Safaricom plc (listed), Vodacom Tanzania Plc (listed)
and other boards in the Vodacom group
2009 – 2020 Group Chief Financial Officer, Nedbank Group
2008 – 2009 Chief Executive Officer: Group Services, Sanlam
1998 – 2000 Corporate Finance & Private Equity: African Merchant Bank
2000 – 2008 Chief Operating Officer: IDC
1996 – 1998 Corporate Finance Executive, HSBC Investment Bank
1994 – 1996 Structured Finance Consultant, Nedbank Group
1991 – 1994 Trainee Accountant, Fisher Hoffman
Advanced Management Programme, INSEAD Graduate Business School
Masters in Philosophy, GIBS, University of Pretoria
Certificate in Corporate Governance, University of Johannesburg
Higher Diploma in Tax, WITS University
B.Com Degree. University of Venda
About company: Vodacom Group is a leading and purpose-led African connectivity, digital and financial services company. From the company’s roots in South Africa, the business has grown over the years to include operations in Tanzania, the Democratic Republic of the Congo (the DRC), Egypt, Mozambique, Lesotho, Kenya and Ethiopia. The company’s mobile networks cover a population of over 500 million people. Through Vodacom Business Africa (VBA), the company offers business-managed services to enterprises in 48 countries.