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Former Director Basic of the Nationwide Treasury and present Chief Govt of Moti Group, Dondo Mogajane, discusses his shift from the general public sector to the non-public sector, his relationships with Zunaid and Mikaeel Moti, how he has tackled his new function of CEO and the corporate’s large plans for the longer term. Although he says transitioning from the Nationwide Treasury was a problem, Mogajane has discovered his ft at Moti Group and assures that he has left the federal government division in additional than succesful palms. Mogajane is doing enterprise throughout Southern Africa and has excessive aspirations for the corporate’s African Hero Mission, a plan which he’s notably obsessed with. Dondo Mogajane spoke to Alec Hogg of BizNews.
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Related timestamps from the interview
01:09 – Dondo Mogajane on his current travels
01:47 – On his swap from Director Basic of Nationwide Treasury to Moti Group CEO
03:27 – On the difficulties of his transition from public to non-public sector
05:03 – On his religion within the workers of the Nationwide Treasury
07:42 – On his relationship with Zunaid Moti
10:46 – On doing his due diligence earlier than becoming a member of the Moti Group as CEO
17:29 – On the challenges of doing enterprise in Zimbabwe and his by-the-book strategy to enterprise dealings
24:02 – On the African Hero Mission
Learn extra: Former Nationwide Treasury Head to wash up scandal-plagued Moti Group in $1bn lithium operation
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Excerpts from the interview
Dondo Mogajane on how is expertise within the Nationwide Treasury has helped his transition to CEO
I had an expertise once I was nonetheless chief of workers to Pravin Gordhan. Bear in mind simply after the Gupta scandal and the NeneGate scandal, we needed to interact and put ourselves into an acceleration gear to essentially guarantee that we engaged with enterprise, as a result of enterprise had misplaced nearly R400 billion out of the market. So these preparations had been steered by me on behalf of Pravin, working round, participating [and] facilitating conferences and in that house I gained loads. It [was] a useful expertise that I gained and that actually positioned me correctly for the South African non-public sector and the dynamics thereof. I understood the way to interact with varied individuals. So I believe for me, bridging this hole goes to be very, very attention-grabbing. I believe in partnering with authorities with a small firm just like the Moti Group is admittedly repositioning what precisely I believe must be accomplished in how authorities should interact with enterprise. [So] that must come by means of ultimately or one other.
Learn extra: SA’s ‘low cost’ R11.4bn World Financial institution mortgage – Treasury DG on the Ts & Cs
Mogajane on the construction of the Moti Group firm and Zunaid Moti’s place throughout the construction
The Moti Group will not be one firm, [it] is a bunch of corporations. The way in which the enterprise mannequin is structured is that each entity by itself is an organization and it makes it straightforward, as a result of as a small entity mergers and acquisitions are [the] order of the day. [So] some individuals simply purchase into an entity with out essentially [buying into] the entire group after which we’re capable of facilitate enterprise processing like that. [Zunaid Moti] is targeted at present on African Chrome Fields which when it comes to the unique preparations is a part of the primary Moti Group and [he is] additionally performing some basis work on the Moti Cares [Foundation], philanthropy, engagements, and so on.. However the important thing work that he’s centered on is in Zim. Now you’ll be able to think about from a purposeful viewpoint, the purposeful separation is one thing that can’t occur in a single day. It’s going to take time. Institutional reminiscence stuff [where] I have to nonetheless lean on him [to help] in understanding. And there’s additionally the authorized separation which is nearly full. In the event you take a look at Moti Group and corporations, you’ll not discover Zunaid Moti. You’ll discover Dondo and Mikaeel [Moti]. In the event you go to [the Moti Group] financial institution accounts, you’ll discover Dondo and Mikaeel. As a result of we [have] separated the enterprise [from Zunaid Moti].
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