Cell C has appointed David Shimkins to its board, as one of the shareholder representatives for Net1. Shimkins will replace Paul Edwards with immediate effect.
In line with Cell C’s shareholder agreement, Net1 can appoint two directors to the board. The Net1 representatives will be Alex Smith and David Shimkins. Net1 recently made these changes to its board.
Shimkins is said to be a highly proficient deal executive with a deep knowledge of debt and capital markets and experience across a variety of industry sectors. He is the founder of Nitinol Capital, a company that invests in and facilitates alternative debt and equity transactions.
Prior to this, he was a partner at Calculus Capital and Capital Investment Advisory and also held positions at Grindrod Bank and Brait Merchant Bank.
He is a Chartered Accountant and holds a Bachelor in Accounting Science with Honours from UNISA as well as a Higher Diploma in Tax Law.
“Shimkins has extensive experience in transaction restructuring, which will be a valuable contribution to Cell C as we work towards finalising the process of recapitalisation,” says Joe Mthimunye, Cell C Board Chairman. “The Board welcomes David and looks forward to his contribution as the company embarks on reshaping its future.”
Cell C Introduces New 30-Day Data-Bundles
Cell C has dropped the price for its 30-Day data bundles and has introduced new bundles too. This new range of options from as low as R5 for 15MB to R95 for 1GB in anytime data plus 1GB nite data.
The South African telecom provider also notes that customers stand to gain an extra 1GB of anytime data when they purchase the R95 bundle from the Cell C App resulting in a total of 3GB worth of data.
The new pricing structure can be seen below: