PROFILE: Who is Vodacom’s new CFO Raisibe Morathi?
SA’s largest mobile operator appoints a CFO with a wealth of banking experience, which will help drive its financial services division
As telecoms providers venture into the world of financial services, Nedbank CEO Mike Brown should be more afraid of losing top talent to Vodacom than to FNB in the near future.Mobile operators looking to grow and capitalise on new revenue streams in the world of financial services seem to be filling their ranks with finance executives.Vodacom, SA’s largest mobile operator, has just appointed Raisibe Morathi as its CFO. She will join Vodacom from Nedbank, where she has been group CFO since 2009.Morathi, who steps into the role in November, will succeed Till Streichert.Her financial services experience is extensive. Before Nedbank, Morathi held several positions at the Industrial Development Corp, the last as chief operating officer. She served on the board of Sanlam for a while, and is still a director of the Thuthuka Education Upliftment Fund NPC, a charity organisation for the upliftment of black chartered accountants.One of the few black women holding the position of CFO of a JSE...
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