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Mteto Nyati takes 40% ownership of BSG

15th November 2022

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

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Former Altron CEO and prominent businessperson Mteto Nyati has invested in South African business and technology consulting firm Business Systems Group (BSG), taking a significant 40% ownership, with plans to work closely with the executive team to scale BSG’s impact and value and grow its market share.

Announced as the company’s new executive chairperson, taking over from founder Greg Reis, Nyati aims to help scale the impact the 25-year-old South African company is making in South Africa and abroad.

Nyati, who says that he is at a stage in his life where he wants to leave a legacy and pursue impactful opportunities that will help South Africa grow, is working with CEO Jurie Schoeman and the executive team to propel the already successful BSG forward and increase its market share across territories and industries.

Schoeman says that the company helps leading brands in financial services and healthcare sectors solve business problems and drive lasting change by transforming business operations through an insights-led approach.

“BSG has a proud history in making a difference in South Africa over the past 25 years and has built a formidable business across financial services, energy, healthcare, retail and consumer goods sectors,” says Reis.

“While we have steadily grown year-on-year, now is the time to take BSG to the next level.”

Nyati believes BSG, with its insights-led approach, can have a significant impact in the telecommunications and the oil and gas sectors.

BSG’s strong business values resonated with Nyati, who has extensive experience having held leadership positions in both local and global multinational companies.

“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. BSG ticks all of these boxes.”

“Throughout my career I have upheld a set of key values which are essential in any relationship I enter into. These values are honesty and integrity, excellence, fairness and family,” he continues.

“This is among the reasons why I have chosen to take a sizable stake in the business and to allow it to grow across new sectors and markets.”

Nyati will strategically guide BSG, with a solid foundation in the local market as well as in the UK, to scale locally and internationally to increase its presence.

Edited by Creamer Media Reporter

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