Tag Archives: Vodacom

Phuthuma Nhleko, The South Africa’s next top billionaire

My blood is yellow. Blood is RED!!. do not be tjatjarag. OK, I think am being a bloody agent now, but I, Still insist that my blood is yellow. That is caused by the fact that one of the leading Telecommunication sector company,MTN Group,  produced an Iron duke in the business Arena. The man is Phuthuma Freedom Nhleko. In order to be a great leader and an influential business person, you need to be inspired and motivated by the top dogs. I, Dumisani Mahlangu, am also being inspired by this great man. Unlike him, I might not be a CEO of a blue chip company, but am quite positive that in me lies a great leader. Mr Nhleko, an outgoing Chief Executive Officer(CEO) of MTN Group is one such person. MTN, under his leadership was able to performed consistently well, with improving its annual returns every year.

Oh well, I seem to have showed that this great man is my role model. Oh ya, I confess, he is my role model! I love reading about him because he unearth the greatest potential that lies in me. Born in 1960, started his career as a humble trainee engineer  in Ohio. As a business leader he founded an investment firm, he holds directorships of some of the major companies in South Africa.  As an MTN CEO, he drove it to be one of the strong competitors of the forever well- performing  company, Vodacom.  In his academic accolades, he boast a BSc in civil engineering from Ohio State University and an MBA in finance from Atlanta University. Furthermore, he has won numerous awards in his professional life, including Ernst & Young best entrepreneur of the year, and being rated 3rd as the most trusted CEO by Financial Mai.

Well, you do not really talk in vain, you need to provide reason as to why this legend will be South Africa’s next billionaire. As he is leaving MTN in March 2011, he leaves it having done a good hell of a job. Such person needs to be remunerated fairly. It seems that MTN stakeholders are very kind and fair as they are giving him a generous package.

“MTM Group is prepared to pay him about R33m.The settlement, which will be due in a once-off sum, is payable on April 1 2011 and is in respect of a three-year restraint of trade. Nhleko will also be entitled to own up to 5% of MTN’s shares in addition to the R33m in restraint of trade payments.” (FIN 24)

The above block quote support my claim when I say that Mr Nhleko is about to join the billionaires club. Just picture what 5%  stake in a company with billions of rands can do to your wealth? I believe that Patrice Motsepe, Johan Rupert and the rest of the club members are ready to welcome him with warm hands.

Wow, Forbes Magazines has something new from the southern hemisphere to write about. Here is to another billionaire, Mr Phuthuma Freedom Nhleko. You are a legend, dawg!!!

Keep inspiring….


Posted by on August 29, 2010 in Business


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