The chairman of the African pay-TV firm MultiChoice, Imtiaz Patel, is to step down from the board on 31 March 2024.
He’ll be replaced in the role by Elias Masilela, the Executive Chairman of DNA Economics and a Commissioner of the 1st & 2nd National Planning Commission.
“Given shareholder preference for an independent chair, it was always envisaged that Mr Patel would step down at the appropriate time once a suitable replacement as independent chair had been identified,” MultiChoice said in a statement.
“Mr Masilela is an excellent and experienced successor. He is also the chair of the board of Sanlam and is a former board member of the South African Reserve Bank and Government Employee Pension Fund.”
Patel will remain an advisor to the company, including on Showmax and SuperSport.