Two ICT giants, Hamilton Ratshefola and Maanda Manyatshe, die in separate incidents

STAFF REPORTER

FORMER Post Office CEO and MTN executive director Maanda Manyatshe has died.

Manyatshe was also a senior executive at MTN. Manyatshe reportedly passed away in Cape Town after collapsing, according to the SABC. 

Between the years 1999 and 2004, he was the CEO of the South African Post Office.

Manyatshe served as the Managing Director of the MTN South Africa branch.

He also served for a brief period of time as chairman and CEO of the infamous Vele Investments, which was linked to the theft of approximately R2 billion from the now-defunct VBS Mutual Bank.

Manyatshe allegedly received R11,279,242, according to report released by Advocate Terry Motau, which implicated 53 people and companies in fraud and corruption worth nearly R2 billion. He, however, rubbished the allegations, and slammed the report as an attempt to see VBS fail.

Hamilton Ratshefola, Gijima CEO

 Gijima’s group chief executive, Hamilton Ratshefola, has passed away