Telecommunication company Rain has announced that its chief risk officer, Phumlani Moholi, will step down as an executive director effective from 1 March 2021, that’s according to MyBroadband.
“Phumlani will continue to sit on Rain’s board as a non-executive director and remains a shareholder,” Rain said.
“Phumlani has been an integral part of the business for the last ten years starting as the Chairman of Multisource, the founding company of Rain.”
Moholi is a veteran in the telecoms and engineering space, his a registered professional engineer and has served for more than 30 years in various senior positions in engineering and telecommunications.
“Phumlani has played a pivotal and entrepreneurial role in the establishment of Rain and in his Executive role has contributed immensely to Rain gaining a foothold, and becoming a respected player, in the competitive South African telecommunications landscape,” said Rain chairman Paul Harris.
He will be succeeded as executive director by Rustum Fortune, who holds a BCom in Information Systems from UCT and an LLB from UNISA.