RMB’s Kholekile Ndamase Appointed MTN Deputy Head of Mergers and Acquisitions

Ndamase is expected to assume duty on September 10th, 2016

MTN Group has named former Rand Merchant Bank (RMB) head of equity based financing business Kholekile Ndamase as the new head of Mergers and Acquisitions.

Ndamase’s appointment is in pursuance to MTN’s announcement of June 10th, approved and a view to ensuring that the Group is well and appropriately capacitated to take advantage of opportunities presented by a rapidly changing sector.

Ndamase 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, more about the unit contributes significantly to the investment banking division’s profits.

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“Kholekile brings extensive experience to the role, more about 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.

He is expected to assume duty on September 10th, 2016


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