Vodacom creates standalone operating company as its African portfolio grows

Following the recent expansion of its African portfolio with the assumed management responsibility for Vodafone Ghana from 1 April 2020 and the joint venture with Safaricom to accelerate the expansion of M-PESA, Vodacom Group CEO, Shameel Joosub explained, The stellar financial performance of our International Portfolio combined with the added responsibility of managing Vodafone Ghana and accelerating the growth of financial and digital services means that we needed to put the right structure in place to deliver on our ambition of becoming a leading Pan African technology company.

This includes the decoupling of Vodacom South Africa as a standalone business. Under Balesh’s leadership, I am confident that the increased focus will leverage the numerous opportunities that exist in South Africa from both our traditional Telco business and our technology-focused growth acceleration units. The new structure will also place heightened emphasis on our international portfolio and new growth areas to ensure that we continue to diversify our revenue streams.”

Vodacom and Safaricom have also expressed interest in bidding for an Ethiopian telecommunications license as part of a consortium.

Balesh will report directly to Shameel and will join the reconstituted Vodacom Group executive committee (Exco). Balesh is currently the Director of Special Projects for the Vodafone Group, where he has recently supported the roll out of a new telecom operation in Oman and has been tasked with driving the Covid-19 response for African markets. Previously, he was CEO of Vodafone Idea and the Chief Operating Officer of Vodafone India.

With effect from 1 July 2020, Beverly Ngwenya and Sitho Mdlalose will join the new Vodacom South Africa Exco as Technology Director and Financial Director respectively, reporting into Balesh.

Beverly joined Vodacom in 2010 and is currently Network Officer responsible for the Mobile Network Engineering and Operations functions of Vodacom South Africa having held several Network and IT positions in Vodacom and Vodafone.

Sitho has had a strong role in the leadership of Vodacom South Africa through his input in areas wider than finance, including commercial and operational areas. Previously, he was CFO responsible for Vodacom’s International Business.

 

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