Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.


Vodacom Loses Second Exec in a Week

Article Image
Vodacom has lost its second senior executive in a week, announcing on Thursday morning that group CFO Till Streichert has resigned. The news follows the resignation of CTO Andries Delport on Tuesday.

The operator said Streichert will leave the company in June 2020 "to pursue an external opportunity outside of Vodacom." He will step down from his role on the Vodacom Group Board at around the same time or at an earlier mutually agreed date.

Vodacom CFO Till Streichert will leave the company in June 2020.
Vodacom CFO Till Streichert will leave the company in June 2020.

Streichert's planned exit comes as a shock after this week's resignation of Delport after 23 years at the company. Vodacom said in a statement on Tuesday morning that Delport will be leaving in May 2020 "to pursue external interests." (See Vodacom CTO Resigns .)

TechCentral then reported that Delport will join Remgro's telecommunications business Community Investment Ventures Holdings (CIVH) as CTO, where he will drive the group's expansion strategy. CIVH owns major South African fiber players Dark Fibre Africa and Vumatel.

Group CTO Andries Delport will be leaving Vodacom in May 2020.
Group CTO Andries Delport will be leaving Vodacom in May 2020.

Streichert spent 12 years at Vodafone and almost six years with Vodacom after being seconded to Vodacom by its parent group in February 2014.

Vodacom said that during his tenure at the local company he evolved the finance team into a successful intelligence unit focused on Big Data and Artificial Intelligence. He was also recognised by CFO South Africa as 2017 CFO of the Year.

Vodacom Group CEO Shameel Joosub said Streichert has made a valuable contribution to the Vodacom board and as a member of the executive committee.

"In addition to leading a repositioning of the finance function as a centre of excellence, Till led the IPO in Tanzania and played pivotal roles in the acquisition of a strategic stake in Safaricom and the completion of the largest ever BEE transaction in the South African Telco industry. Till has extensive experience in the industry and will be a significant loss to our sector. I wish him well with his decision as he embarks on a new chapter of his career," Joosub added.

Streichert said the decision to resign was not taken lightly.

"I have thoroughly enjoyed my time in South Africa and dealing with a number of challenging situations across the various Vodacom operations in Africa. A personal highlight includes the many great moments from the manner in which we have transformed Vodacom from a telco into a technology company with a strong purpose of connecting and improving people’s lives.

"As I am only leaving around June next year, my first priority is to make sure that it is business as usual for the finance function while at the same time ensuring there is a seamless transition to the next CFO," he added.

Vodacom said Streichert's successor will be announced in due course.

— Paula Gilbert, Editor, Connecting Africa

Innovation hub


Orange Ventures, Digital Africa promise more funding for startups

Orange Ventures and Digital Africa are teaming up to invest more in tech startups in Africa and the Middle East through Digital Africa's Fuzé program and the Orange Digital Center network.


Hot startup of the month: Rwanda's Ampersand

Connecting Africa's hot startup this month is Rwanda's Ampersand, which designs, builds, and manufactures electric motorcycles and battery packs for motorcycle taxis.

More Innovation hub

Latest video

More videos

Partner perspectives

All Partner Perspectives

Sponsored video

More videos

Follow us on X

Industry announcements

More Industry announcements

Upcoming events

Africa Tech Festival 2024
November 11-14, 2024
Cape Town, South Africa
More Upcoming events

Africa Tech Perspectives


Uber's Marjorie Saint-Lot on inclusion and sustainability in Africa

Uber's Country Manager for Ghana and Cote d'Ivoire, Marjorie Saint-Lot, shares how the ride-hailing company is approaching public-private partnerships, environmentally friendly initiatives and gender inclusion in Africa.


The 100 most influential African leaders in 2023

A new report from Africa Tech Festival and Connecting Africa puts a spotlight on the top 100 African leaders in the telecoms and technology sector in 2023.


Deep dive into East Africa's tech startup ecosystem

New survey reveals a lack of access to investors, reliance on international VCs and global recession trends as the biggest barriers for East African tech startups to access funds.

More Africa Tech perspectives

Guest Perspectives


Omdia View: April 2024

By Omdia Analysts

April 2024's telecoms highlights in the Middle East and Africa included a license for Starlink in Ghana, new mobile termination rates in Ethiopia, and 6G trials in Bahrain – that and more in the latest Omdia View.


Leveraging agritech to build resilience against climate change

By Francis Hook

ICT analyst Francis Hook discusses agritech in Africa and how the agricultural sector is using technology to build resilience against the negative effects of climate change and to ensure food security.

More Guest Perspectives

Like us on Facebook

Newsletter Sign Up

Sign Up
Tag id test-002