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Cyril Ramaphosa, Deputy President of South Africa. Photographer: Denzil Maregele/Foto24/Gallo Images via Getty Images

MTN must obey Nigerian laws, says South Africa's Deputy President Ramaphosa

MTN Group Ltd., Africa’s biggest mobile-phone company that’s facing a $5.2 billion fine in Nigeria, must follow the rules in countries where it does business, South African Deputy President Cyril Ramaphosa said.

Cyril Ramaphosa

Cyril Ramaphosa Said to Swap Banks for Burgers as He Takes Office

Cyril Ramaphosa, who took office yesterday as South Africa’s deputy president, agreed to trade his interests in regulated businesses in exchange for stakes in consumer goods companies to avoid conflicts of interest, according to two people with knowledge of the matter.