Africa-Press – South-Africa. Six months after he stepped down as MTN SA CEO Godfrey Motsa is back in corporate SA, this time he is joining the insurance industry.
Telesure Investment Holdings (TIH) has appointed Motsa as the CEO of its non-life insurance operations. He will start on 1 July.
In his new role, Motsa will oversee some of SA’s most prominent short-term insurance brands including, 1st for Women, Auto & General, Dialdirect and Budget Insurance.
Motsa was the CEO of MTN SA from 2017 to December 2021. He has no prior experience in the insurance sector as he’s previously worked for the Vodacom Group, the Coca-Cola Company and the Kellogg Company.
But during his tenure as the MTN SA CEO, he oversaw the expansion of the mobile operator’s fintech and digital business, which contributed R2.4 billion to the group’s South African revenues by the time he left at the end of 2021, growing from R2.1 billion in 2020.
The South African fintech business alone, which includes mobile money (MoMo), insurance, airtime lending and e-commerce, contributed close to R1.1 billion even though it was launched just in February 2020.
TIH said it couldn’t have found a better CEO for its short-term insurance business.
“We have spent significant time looking for a non-life CEO with extremely strong credentials, and I am delighted that we have been able to attract a candidate of Godfrey’s calibre,” TIH group CEO Tom Creamer said.
He said Motsa’s passion, entrepreneurial spirit and curiosity for digital innovation, were a perfect match for TIH.
Motsa said that he is excited to venture into the insurance world.
“Pushing innovation and tech for this industry and its adjacencies presents an attractive and challenging opportunity for me. I am excited to join this highly regarded and entrepreneurial organisation that has massive potential for further growth,” he said.
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