Telkom on the hunt for new finance chief

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Telecoms operators are increasingly targeting talent from the financial services sector

Telkom is in need of a finance chief after Tsholofelo Molefe left the partially state-owned operator for competitor MTN. When Molefe was appointed CFO at Telkom in June 2018, she had been the group’s deputy finance chief for two years. A succession plan seems to have been in place at the time.

A look at recent executive movements in the industry indicates that Telkom may look to poach someone from one of its telecoms competitors or look for talent in finance or banking companies. Recently, SA’s largest mobile operator, Vodacom, appointed Raisibe Morathi as its CFO, taking her from Nedbank, where she had been group CFO since 2009.

Taking someone from financial services wouldn’t be unusual for Telkom. Lunga Siyo, CEO of Telkom Business, joined the telecoms operator from Standard Bank two years ago.

 

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