Johannesburg - In a continuation of strategic executive appointments, MTN on Thursday announced Kholekile Ndamase as deputy head of mergers and acquisitions, effective 10 September.
Ndamase would deputise Stephen van Coller who was appointed vice president of strategy, mergers and acquisitions on Monday to begin in October.
Ndamase joins MTN from Rand Merchant Bank (RMB) where he led the equity based financing business.
In this role, he led a team of professionals who focused on providing financing solutions for mergers and acquisitions related transactions.
While at RMB, Ndamase led the provision of financing solutions for diversified and non-diversified investment holding companies, including Black Economic Empowerment (BEE) transactions such as Aspen, Bidvest, FirstRand, MTN and Steinhoff.
In his new role at MTN, Ndamase joins a team that has been tasked with taking advantage of opportunities presented by a rapidly changing sector.
MTN chairman Phuthuma Nhleko said Ndamase would bring extensive experience to the role, particularly in transaction origination, structuring and execution.
“His knowledge and skills are essential to the attainment of MTN’s broader growth strategy, as we continue to focus our efforts on developing our participation in adjacent sectors,” Nhleko said.
African News Agency