Phuthuma Nhleko is the chairman and co-founder of the Pembani Group. Until March 2011, he was the group CEO of MTN, the sixth largest company on the JSE by market capitalisation and the largest company with a primary listing in South Africa. During his 10-year leadership tenure at MTN from 2002 to 2011, he transformed the company, driving its exponential growth through significant expansion into Africa and the Middle East. In May 2013, he returned as chairman of MTN.
He currently serves as chairman of MTN and as a non-executive director on the boards of BP Plc and Anglo American Plc. His past directorships include the Nedbank Group, Old Mutual SA, Johnnic Holdings, the Bidvest Group and Alexander Forbes. He holds a BSc in Civil Engineering from Ohio State University and a Master of Business Administration from Atlanta University.
Pembani Group (“Pembani”) was formed in 1994 and has successfully evolved from a start-up black economic empowerment company to a resource, cement and energy-focused investment holding company. Pembani’s strategy is to focus on a small number of large investments where it can have a more meaningful influence on the strategy formulation and implementation of the investee company.