25 August 2017
Cell C appoints new board chairman and deputy
South African operator Cell C has announced the appointment of Kuben Pillay and Larry Nestadt to the board. The appointments follow the recent recapitalisation of Cell C, whereby Blue Label Telecoms and Net1 respectively acquired 45 percent and 15 percent of the company’s share capital.
Pillay has previously served on the boards of several public and private companies, including Primedia, first as CEO and then as chairman, and chairman of the Mineworkers Investment Company (MIC). Pillay replaces Mohammed Hariri as non-executive Chairman of Cell C. Pillay is an attorney by profession and currently serves on the boards of Transaction Capital Limited and the Outsurance Group of Companies.
Nestadt, a co-founder and former director of Investec Bank, will serve as non-executive deputy chairman on the board of Cell C. He is the chairman of Blue Label Telecoms, Dis-Chem Pharmacies, Universal Partners, Executive chairman of Global Capital Proprietary as well as chairman of the some unlisted companies.
ICASA CEO leaves regulator following suspension
ICASA has stated that its CEO Pakamile Pongwana has left the regulator.
This follows his suspension in July. Pongwana was suspended pending the outcome of an internal disciplinary process. “The Chief Operations Officer, Willington Ngwepe, will continue serving as the acting CEO until such time a permanent CEO is employed,” said ICASA. Pongwana took the reigns at the regulator from Themba Dlamini in November 2013.