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Vodacom’s Morathi named CFO of the year

JOHANNESBURG – RAISIBE Morathi, Group Chief Financial Officer (CFO), was the main winner at the tenth annual South Africa CFO Awards.

She received the CFO of the Year, Strategy Execution and High-Performance Team Awards at the event held in Sandton.

Raisibe is charged with ensuring the Vodacom Group keeps growing, and she has led several initiatives to achieve this. She is also tasked with capital allocation, incorporating a budget of R16 billion per annum.

She leads a team of around 900 people in the finance vertical across nine markets in which Vodacom operates, and as a project of a personal choice, she is the chairperson of the Vodacom Women’s Forum.

The title of Young CFO of the Year went to Aneshree Naidoo, CFO at Webber Wentzel.

Her passion for leveraging technology and commitment to change management in finance has played a huge role in her success this early in her career.

Isaac Malevu, CFO at the Industrial Development Corporation (IDC), was awarded the Public Sector CFO of the Year title, as well as the Transformation & Empowerment Award. He lists a notable achievement as turning the entity’s R7 billion operating loss into an R6 billion profit and sustaining that profitability for three years in a row.

“This year marks an incredible milestone – ten years of recognising and rewarding excellence in finance leadership in South Africa,” Georgina Guedes, CFO South Africa executive community director, said.

The official described the 10th annual CFO Awards as a spectacular celebration, acknowledging the exceptional work done by nominees and winners this year as well as the past decade.

“We at CFO South Africa are proud to have built this brand and this community – and look forward to celebrating for the next ten years, and many more after that,” Guedes said.

– CAJ News

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