Home » Ex-MTN CEO Mteto Nyati acquires 40-percent stake in South African firm, BSG

Ex-MTN CEO Mteto Nyati acquires 40-percent stake in South African firm, BSG

by Mfonobong Nsehe

Mteto Nyati, a leading South African business executive and the former CEO of MTN Group, has purchased a 40-percent stake in Business Systems Group (BSG), a Johannesburg-based business and technology consulting firm.

The acquisition is legacy-driven, according to Nyati, and will play a critical role in the tech consulting firm’s next growth phase as it seeks to increase its reach and market share, while altering corporate processes through insight discovery and technology-enabled business change.

“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,” Nyati said, adding that BSG checks all of these boxes.

Nyati noted that, throughout his career, he has upheld a set of important values such as honesty and integrity, excellence, fairness, and family that are critical in his relationships and partnerships.

He added that these values are among the reasons for his substantial ownership in BSG, and he expects that they will enable the company to expand into new areas and markets.

Greg Reis, who established BSG in 1997 and has been important to its success and growth, stated that Nyati is well-positioned to manage the firm strategically as the Johannesburg-based company continues to scale locally and internationally to extend its presence.

Nyati is an inspiring leader with a proven track record of executing growth and turnaround strategies, as evidenced by his previous leadership roles, particularly at MTN Group, where he was the CEO of MTN South Africa for nearly two years, and at Microsoft, where he spent six years at a top management level.

The acquisition will see him take over as the company’s new executive chair after its founder, Greg Reis, and will add to his previous commitment as he continues to invest in medium-sized firms operating in high-growth areas through Wazo Investments.

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