Morathi appointment to help Vodacom expand into financial services

JOHANNESBURG – Vodacom has snatched Nedbank’s chief financial officer (CFO) to take up the same position at the mobile telecommunications company.

The group said on Tuesday that it had appointed Raisibe Morathi in line with its strategy of expanding into financial services.

It said Morathi, who resigned from her position at Nedbank with immediate effect, would assume the position in November, succeeding Till Streichert, who stepped down in June.

The group described Morathi as one of a few black African female CFOs of a listed company in South Africa.

Vodacom chief executive Shameel Joosub said Morathi’s appointment underscored Vodacom’s commitment to diversity across the workplace.