Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Business Connexion CEO Dies After Selling Business at Age 41

Don't Miss Out —
Follow us on:
Benjamin Mophatlane
Benjamin Mophatlane, chief executive officer of Business Connexion Group Ltd., died on June 11 following a cardiac arrest, the information technology provider said. He was 41. Source: Business Connexion Group Ltd.

June 12 (Bloomberg) -- Benjamin Mophatlane, who agreed to sell his information technology business Business Connexion Group Ltd. last month for $253 million, died yesterday following a cardiac arrest, the company said. He was 41.

“His death is a great tragic loss to the company and the South African business community,” Chairman Tony Ruiters said today in a statement. “Benjamin was instrumental in building BCX into South Africa’s leading IT company,” Johannesburg-based Business Connexion said.

Telkom SA SOC Ltd. agreed last month to buy BCX for about 2.7 billion rand ($253 million) as Africa’s largest fixed-line operator boosts cloud-based offerings of information and communication technology services. The two companies jointly agreed to put the transaction on hold during a mourning period for Mophatlane, BCX said. They remain committed to the deal.

Mophatlane co-founded Business Connection with his twin brother Isaac in 1996. The company merged with Comparex Africa in 2004 and was renamed Business Connexion, which Mophatlane led starting in 2007.

Deputy CEO Vanessa Olver was appointed to replace Mophatlane on an interim basis at a board meeting today, according to a separate statement. A chartered accountant, Olver worked for Deloitte LLP in Chicago and later for shipping firm P&O Nedlloyd and insurer Aviva Plc. Olver was finance director of Standard Bank Africa before joining BCX, according to the company.

Telkom offered 6.6 rand per share for BCX, both companies said in a joint statement on May 22. BCX share price was 6.18 rand as of the market close in Johannesburg.

To contact the reporter on this story: Christopher Spillane in Johannesburg at cspillane3@bloomberg.net

To contact the editors responsible for this story: Kenneth Wong at kwong11@bloomberg.net David Risser, John Bowker, Ana Monteiro

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.