Tsholofelo Molefe

Executive Director: Group Chief Financial Officer


BA (Hons) Accounting & Finance, Bcompt Honours Degree CTA CA(SA)


Other Directorships

Director of various companies in the MTN Group and has served on various boards.


Skills, expertise and experience

Tsholofelo is the Group Chief Financial Officer of MTN Group since April 2021. Prior to joining MTN Group, she was the Group CFO of Telkom SA SOC Limited where she joined as Deputy Chief Financial Officer in July 2016.


Previously, she was employed as a Finance Director of Eskom Holdings SOC Ltd. Tsholofelo’s work experience also includes Chief Financial Officer in the Personal Segment Unit at First National Bank Consumer Division as well as Audit Manager at ABSA Group. She served her audit and accounting articles at Coopers & Lybrand (now Price Waterhouse Coopers).


Since joining MTN, Tsholofelo has successfully ensured the company is disciplined in capital allocation including balance sheet management, resulting in reducing the holding company leverage from 2.2x to less than 0.8x by 2022 financial year-end. She also led the company through an expense efficiency program which saw the company saving R2.7 billion in expenses in 2022. She is an integral part of the Company’s Ambition 2025 strategy execution which includes the structural separation of the platform businesses, portfolio optimization and the asset realization program. She brings with her extensive financial strategy, financial management and accounting experience, with a strong background in enterprise risk management and financial controls.