Mteto Nyati, Altron Group Chief Executive

Southern Africa’s leading entrepreneurs from Altron, Spear Riet and Lionshare Holdings shrugged off the steep challenges of COVID to win awards at the EY World Entrepreneur Award™ Southern Africa on 26 March 2021.

EY Africa CEO Ajen Sita says, “It’s no secret that entrepreneurs can change the world and help reframe the future and like many of us over the past year, they have faced a steep learning curve amidst the global pandemic. Congratulations to them.” 

Finalists are selected from amongst entrepreneurs who have demonstrated excellence and extraordinary success in such areas as entrepreneurial spirit, value creation, strategic direction, impact, innovation and purpose-driven leadership. They include traditional entrepreneurs who are founders and leaders of high-growth companies.

The winners are Mteto Nyati, Altron Group Chief Executive in the ‘Influence’ category; Abu Varachhia, Spear Riet Chairman and Founder in the ‘Inspire’ category and Ike Chalumbira, CEO, Lionshare Holdings in the ‘Ignite’ category.

Mteto Nyati, as the ‘Influence’ winner will join finalists from over 45 countries to compete for the title of 2021 EY World Entrepreneur Of The Year™ award in June this year.  

Author and businessman, Mteto Nyati, is the Group Chief Executive of Altron has enabled dramatic transformation of Altron, a South Africa-based ICT company, into a world-class information and communications technology organisation. For his contributions, he was honored with the Lifetime Achievement Award for Excellence in Management in 2020 and Business Leader of the Year in 2019.  

Azim Omar, EY Private Leader – EY Africa and Programme Leader says: “I always find it inspiring to hear how people can, rather than cannot. These entrepreneurs demonstrate extraordinary business acumen, leadership excellence and the desire to uplift and serve. Working with these Entrepreneurs, who have not let anything get in their way to achieve the impossible, has been astonishing.” 

Chairman and Founder of Spear Reit, Abu Varachhia, through his thirst for success, high levels of integrity, work ethic and professionalism, built the largest privately-held professional services organisation. Spear REIT Limited invests in income-generating assets across all sectors and leads investment in the property industry.

Ike Chalumbira, CEO and Founder of Lionshare Holdings is a focused, highly principled and value-adding leader. Ike’s determination grew Lionshare into a diversified investment private equity organisation. He envisions driving five to ten years of Africa-centric forward-looking investments.

Assessment criteria include more than just numbers. Based on a balanced scorecard, awards are given to entrepreneurs who have demonstrated excellence and extraordinary success in such areas as innovation, financial performance, risk and personal commitment to their businesses and communities. Winners are founders and leaders of high-growth companies. They are also transformational executives who may not have started their company but have been essential to its success.  

The World Entrepreneur Awards™ is the Southern Africa arm of the global programme that EY runs in over 45 countries, aiming to radically scale growing businesses across the world.

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