Just a month after Telkom and Business Connexion announced the launch of BCX, a new brand meant to formalise the merger and integration of the firms, Isaac Mophatlane, the CEO of BCX has resigned.
This is quite a surprise considering how upbeat the former BCX boss was while unveiling the new brand where he stated: “The launch of BCX is truly the beginning of a new chapter of digitalisation for Africa… This new brand is the culmination of the vision my late brother and I had when we started Business Connexion over 20 years ago.”
Isaac is the twin brother to the late former BCX CEO Benjamin Mophatlane and has led the ICT firm since the demise of his brother in 2014.
In June 2016, Telkom named him as CEO of the then newly integrated Telkom Business and Business Connexion units.
According to TechCentral, Telkom spokeswoman Jacqui O’Sullivan on Sunday confirmed that Mophatlane had resigned, stating that last Friday April 28 “was his last formal day as CEO of BCX.”
“While Friday was Isaac’s last formal day as the CEO, he will be consulting to the [Telkom] group CEO, Sipho Maseko, in the coming three months, to ensure a seamless transition,” O’Sullivan said.
Isaac has been replaced by Ian Russell, the firm’s Group Chief Transition Officer.
Telkom, which acquired BCX in a R2.7 billion (US $216 million) cash deal in 2015, is due to report annual results on 5 June. The company’s financial year-end was on 31 March.
BCX is an ICT solutions and service provider for large and medium enterprises in the public and private sectors. The is headquartered in Centurion, South Africa and has an extensive African footprint which includes subsidiaries in Kenya, Nigeria, Tanzania, Namibia, Zambia and Botswana as well as presence in Dubai, in the UAE and the UK.
The Mophatlane twins founded what would eventually become BCX. They merged their business, called Business Connection, in 2004 with Comparex Africa (itself the result of the merger of Persetel and Q Data) to create Business Connexion.