Yesterday we told you about the untimely death of Benjamin Mophatlane, the CEO and co-founder of the firm. Due to his death, the proposed acquisition of Business Connexion (BCX) by Telkom SA has been put on hold.
In a statement, the the two companies said:“BCX lost its leader, visionary and founder yesterday. Further to this Benjamin Mophatlane represented the core of the culture and leadership of BCX. Ben was a well-respected and much loved figure in the industry and a colleague and friend to both our organisations.”
The deal will however not be stopped as both organisations say they are committed to the process and want time to mourn the pasing away of one of the executives and friend.
“The Takeover Regulation Panel has granted an extension for the posting of the circular relating to the transaction until 11 July 2014,” the firms added.
Benjamin died of heart attack while in meeting with Telkom SA. BCX has appointed Benjamin’s deputy,Vanessa Olver as acting CEO.