CEO Mteto Nyati has acquired a 40% stake in business technology consulting firm BSG for an undisclosed sum and will become the company’s executive chairman.
Nyati, who also previously headed MTN South Africa and Microsoft South Africa, will work closely with BSG’s executive management team “to scale BSG’s impact and grow market share”.Nyati, who recently joined the Eskom, Telkom and Nedbank boards, will help the business grow not only in South Africa but also internationally.
In a statement, Nyati said he is at a stage in his life where he wants to leave a legacy, hence his decision to buy into BSG.“I wanted to invest in a business that is concerned with more than just profits, a business that cares, a business that is making a difference and a business that is bringing about positive change in society. BSG ticks all of these boxes,” he said.