5 companies linked to South African businessman Mteto Nyati

In the South African business landscape, Mteto Nyati stands tall as a prominent figure, leaving an indelible mark on the corporate landscape. He’s a distinguished leader with a track record of success in renowned organizations.

Beginning his career in the South African business sector, Nyati gained significant experience at IBM South Africa and Microsoft South Africa. There, he refined his skills in sales and marketing, forming a solid foundation for future endeavors.

His journey led him to the role of managing director at Microsoft South Africa, where he oversaw the company’s operations and business strategies in the South African market, cementing his influence in the tech industry.

Recognized as an inspirational leader with a track record of effectively executing growth and turnaround strategies, his leadership at MTN Group, where he served as the CEO of MTN South Africa for nearly two years, further demonstrates his extensive corporate experience.

Billionaires.Africa has identified companies linked to Nyati.

Five of these companies are highlighted below:

1. Wazo Investments
   Wazo Investments, established by Nyati in 2005, stands out as one of South Africa’s rapidly expanding private equity firms. Under Nyati’s leadership, Wazo Investments specializes in identifying and supporting unlisted medium-sized companies that operate within high-growth sectors of the market. This strategic approach results in the development of a cohesive ecosystem where each company, while retaining its independence, plays an integral role in fostering stability and success.

2. Business Systems Group (BSG)
   Boasting more than 25 years of experience in Business and Technology Consulting and Software Engineering, Business Systems Group (BSG) is revolutionizing business operations through data-driven insights and technology-driven transformations. Established in 1997 and headquartered in Johannesburg, this dynamic firm has exhibited remarkable growth in recent years, drawing the attention of investors. In November 2022, Nyati further diversified his investment portfolio by acquiring a controlling stake in BSG. This strategic move aligns with his investments in medium-sized firms in high-growth sectors.

3. Altron Limited (AEL)
   Altron Limited, also known as Allied Electronics Corporation Limited, stands as a prominent South African ICT company, encompassing various segments including Altron’s Managed Solutions, Altron Nexus, Altron Systems Integration, Altron Karabina, Altron Security, Netstar, Fintech, Healthtech, and Altron Arrow. During his tenure as CEO, Nyati led the company’s transformation into a leading ICT solutions provider. Presently holding a 0.21-percent stake in Altron Limited, equivalent to 875,102 ordinary shares, Nyati remains a notable figure in the company’s journey.

4. Nedbank Group Limited
   Nedbank Group, a leading South African financial services group with a substantial presence across six Southern African Development Community nations and the United Kingdom, is renowned for its comprehensive banking, insurance, asset management, and wealth management offerings. Nyati, in his role as an independent non-executive director on the board of Nedbank Group, played a pivotal role in the group’s operations and expansion until his resignation as a director on October 9, 2023. In addition to his directorship, Nyati held influential positions, including the chair of the Group IT Committee, membership in the Group Directors’ Affairs Committee, and participation in the Group Risk and Capital Management Office.

5. Massmart Holdings
   Massmart Holdings, established over 30 years ago by Mark Lamberti, claims the title of the second-largest distributor of consumer products in Africa and a prominent retailer of essential commodities, groceries, alcoholic beverages, and home improvement equipment. In July 2022, Nyati assumed the role of Independent Non-Executive Director at Massmart. His responsibilities included active involvement in the Massmart Risk Committee and the Social and Ethics Committee. As of 2022, the group managed 411 stores in South Africa and 49 across 12 other Sub-Saharan countries.