Ithala SOC Limited has appointed Mr Mohamed Gafoor as its new Chief Financial Officer. The financial institution said that before being appointed to this new role, Mr Gafoor held the General Manager Finance role since April 2022, having joined the organisation as a Finance Manager in March 2015.

In his new role, Mr Gafoor will report to Ithala's CEO, Dr Thulani Vilakazi; he will also assume the Executive Director role within Ithala SOC Limited Board. "Mohamed's expertise and background in the financial industry and financial markets make him an invaluable asset to the growth of our organisation. While he has been part of the team, we are excited to welcome him in this new role", said Vilakazi.

Mr Gafoor is a qualified Chartered Accountant and holds an Honours and Bcom Accounting and has over 20 years of experience spanning banking / financial services, Auditing, FMCG, Retail, and manufacturing, to name a few.

"Mr Gafoor has made a significant contribution to our finance function, and increasingly across the business, and as the Board, we are delighted to see internal staff ascending to senior leadership roles in the organisation in line with our talent and succession planning strategy", said Mr Mpumzi Pupuma, Board Chairperson.

According to Ithala SOC Limited Chief Executive Officer, Dr Thulani Vilakazi, "I am excited to welcome Mohamed to the executive team as we continue to grow exceptionally in executing our strategic priorities and build on our strong foundation. Mr Gafoor has demonstrated exceptional leadership skills and business acumen during his years with Ithala, taking on numerous key responsibilities within the organisation."