MTN confirms new bosses

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Johannesburg – Further to our announcement about the appointment of a new Vice President for Strategy, Mergers & Acquisitions on Monday, 4 July 2016, MTN Group today confirms the appointment of Kholekile Ndamase as Deputy Head of Mergers and Acquisitions, effective 10 September 2016.

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. With a portfolio of c.R40billion in assets, the unit contributes significantly to the investment banking division’s profits.

“Kholekile brings 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,” says Phuthuma Nhleko, Executive Chairman, MTN Group.

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 addition to occupying other management roles during his 12-year tenure at the bank, he has served on the Investment Banking Division Management Board, Investment Banking Division Strategy Forum, and was chairperson of the Investment Banking Division Strategy Forum. Before joining the First Rand Group in 2004, he worked at Accenture.

He graduated from the University of Witwatersrand with a Bachelor of Science Honours Degree cum laude.

In his new role at MTN, Ndamase will report into the Group Executive for Mergers and Acquisitions. He joins a Strategy and Mergers & Acquisition team that has been tasked with taking advantage of opportunities presented by a rapidly changing sector.

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