Former MTN CEO and disruptive thinker Mteto Nyati, identified for investing in unlisted mid-cap firms by means of his agency Wazo Investments, just lately purchased a 40% stake in consultancy Enterprise Methods Group (BSG).
He additionally serves as the corporate’s new chairman. Nyati, who made headlines just a few weeks in the past for his controversial views on Eskom’s mandate, plans to make use of his years of abilities and connections within the telecommunications business to assist develop the enterprise’ attain and develop its market share.
However who’s BSG and what’s its present market share?
Proper now, BSG’s market share is not big — across the mid-single digits — at the very least not a lot to report. This can be a medium-sized consulting agency primarily based in South Africa with solely 160 individuals.
It advises purchasers within the finance and banking sector, equivalent to Financial institution of Africa, and in healthcare providers. It has been round for 25 years.
However it appears that evidently what the corporate is doing has caught the eye of the investor tycoon.
By combining enterprise information and insights with clever know-how, these consultants assist their purchasers measure operational metrics they by no means thought they might measure, thereby formulating new methods of working.
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“We’re primarily serving to companies use the info they have already got and get worth out of that information. We describe it by way of perception, as a result of perception is taking information to a brand new stage, it permits you to make higher selections. Good selections result in higher actions,” defined firm CEO Jurie Schoeman.
This revolutionized banking and healthcare.
Nyati believes that BSG’s know-how may be utilized to the telecommunications, retail, and mining, oil and fuel industries to ship equally revolutionary outcomes.
Nyati’s cross-regional enlargement plans
At current, BSG, as a South African firm, has a substantial basis within the native market and a sure affect within the UK. Nyati hopes to develop this to extra worldwide markets.
“We’re sturdy in monetary providers and well being – as a result of what this firm does is so distinctive and tailor-made to their technique. So we see a chance for BSG to develop internationally.
“BSG has a significant differentiator that units it aside from different related companies around the globe – it really helps its purchasers implement technique. We discovered that one of many greatest weaknesses in South Africa was translating technique into actuality, and that’s the place BSG’s energy. Worldwide firms are prone to see the identical hole. That is one thing we will fill,” Nyati defined.
Management – Nyati vs Schoeman
Nyati and Schoeman appeared to be the disruptively pondering CEOs of their time – each pondering nicely exterior the field to make sure firm effectivity whereas making certain that people-centric philosophies have been applied. This, Nyati defined, can be what drove him to speculate.
“At this level in my life, I wish to go away a legacy,” he mentioned.
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Nyati served as Microsoft’s managing director from 2008 to 2014. He then went on to function CEO of MTN till 2017. He was additionally Altron’s chief govt – a place he left in June. Nyati is the founding father of Wazo Investments and a member of the brand new Eskom board.
Nyati has just lately been within the highlight for her views on Eskom’s financial empowerment. He was quoted within the media as saying that inside corruption had primarily occurred on the again of empowerment insurance policies to advertise the event of native small companies.
“These insurance policies must be reviewed and adjusted in the end,” he mentioned, referring to Eskom.