Mary Vilakazi Biography, Education, Career, Controversies, And Net Worth
Mary Vilakazi is a renowned South African banking executive who has made significant strides in the financial sector. Born on October 7, 1972, in Alexandra, Gauteng, South Africa, she has gained recognition for her leadership and accomplishments in the banking industry.
Mary Vilakazi Profile
| Name | Mary Vilakazi |
| Real Name | Mary Vilakazi |
| Date of Birth | 7 October 1972 |
| Age | 51 years |
| Nationality | South African |
| Occupation | Banking Executive |
| Religion | Christianity |
| Marital Status | Married |
| Net Worth | $24 Million |
| Copied from | contents101.com |
Educational Background
Mary Vilakazi’s educational journey played a pivotal role in her success. She was a beneficiary of various opportunities that paved the way for her achievements. As part of the Gifted Child Program, she attended a Saturday program at the Redhill School in Morningside. She then received a Rotary Fund scholarship to attend St Enda’s Community College. Her educational journey continued as PwC provided her with a bursary to pursue a BCom degree. This educational support was instrumental in her career development. Mary Vilakazi graduated from the University of the Witwatersrand in 1999 and subsequently qualified as a chartered accountant in 2002.
Career
Vilakazi started her career in the financial industry in 2005 when she was admitted as a partner in the Financial Services audit practice. During this period, she specialized in working with insurance and investment management companies.
In 2008, Vilakazi transitioned from the auditing profession to take up the position of Chief Financial Officer (CFO) of the MS Group. Her role as CFO provided her with valuable experience in financial management and strategy.
From 2009, Mary Vilakazi served as a non-executive director on the boards of several prominent companies, including Metropolitan Holdings and MMI Holdings. Her expertise and insights contributed to the success of these organizations.
Between 2011 and 2014, Vilakazi ventured into entrepreneurship by establishing her own accounting, tax, and advisory business. This period allowed her to explore her entrepreneurial side while continuing to serve on various boards.
In May 2014, Mary Vilakazi took on the role of CEO of Balance Sheet Management at MMI Holdings Limited. Her responsibilities included managing the financial aspects of the company, and she played a crucial role in the organization.
Group Finance Director: In July 2015, she assumed the position of Group Finance Director. This role elevated her influence and responsibilities within the MMI Holdings group.
In June 2017, Mary Vilakazi was appointed Deputy Chief Executive Officer (CEO) with responsibilities for Metropolitan and Momentum retail businesses. Her leadership in this capacity was notable.
In 2018, she was named Chief Operating Officer (COO) and Executive Director of FirstRand, a major South African banking group. Her role involved overseeing various aspects of the organization’s operations and strategy.
In a historic announcement in October 2023, Mary Vilakazi was appointed as the CEO of FirstRand, becoming the first Black female CEO of the banking group. This appointment marked a significant milestone in her career, and she was set to assume the role in April 2024.
Controversies
Mary Vilakazi has maintained a relatively low profile in terms of controversies or public disputes throughout her career. She is primarily known for her professionalism and dedication to her work.
Mary Vilakazi Social Media Handles
Mary Vilakazi has not been widely active on social media platforms. She tends to maintain a low online presence, focusing on her professional endeavors.
Personal Life
Mary Vilakazi is known to be happily married, although she prefers to keep her marriage and family life private. She has chosen not to disclose specific details about her husband and family members in the public domain.
Mary Vilakazi is a mother and has shared that she has children. Tragically, she experienced the loss of her eldest daughter, Kamogelo, in a car accident. Her daughter’s passing had a profound impact on her life and career decisions. Kamogelo was a significant source of inspiration and pride for Mary Vilakazi. She once stated that succeeding as a chief financial officer was a way to honor her daughter’s memory.
Mary Vilakazi Net Worth
As one of the highest-paid executives at FirstRand, Mary Vilakazi has garnered significant financial success. Her total net worth has been reported to be approximately $24 million.
