Phuthuma Nhleko News

Rob Shuter, CEO, MTN Group

MTN's new CEO starts job committing to investment in largest markets of Nigeria and South Africa

First-quarter sales rose 7.1 percent boosted by Nigeria and Iran. Carrier still has ‘work to do’ to meet full-year targets

Phuthuma Nhleko, Executive Chairman, MTN Group

MTN Chairman sells $8.8 million of shares before arrival of new CEO

MTN Group Ltd. Executive Chairman Phuthuma Nhleko sold shares worth about 123 million rand ($8.8 million).

MTN's latest turnaround strategy involves poaching top executives from its arch rival

MTN's latest turnaround strategy involves poaching top executives from its arch rival

Africa’s largest telecom is appointing a new CEO, and shaking up its board and top executives.

Rob Shuter, incoming CEO, MTN Group

South Africa's MTN names Vodafone Europe Head Rob Shuter as CEO

South African mobile phone operator MTN Group named the head of Vodafone Europe as its new CEO on Monday, bringing in an outsider with a risk-management background 10 days after it agreed to pay a $1.7 billion fine in Nigeria.

Phuthuma Nhleko, Executive Chairman, MTN

MTN settles Nigeria fine & looks at listing on the Nigerian Stock Exchange

MTN Group has agreed to pay a reduced fine of 330 billion naira ($1.7 billion) in a settlement with the Nigerian government of a long-running dispute over unregistered SIM cards, sending shares in the South African telecoms group soaring.

Phuthuma Nhleko, Executive Chairman, MTN Group

Nigeria says MTN fine reduced by 25% and not 35%

MTN Group said the Nigerian Communications Commission (NCC) has issued another letter, informing the company that the fine had actually been reduced by 25 percent to NGN 780 billion and not by 35 percent to NGN 674 billion as the regulator had earlier indicated in its letter dated 2 December to MTN.

Nigeria has reduced its record MTN fine to $3.4 billion

Nigeria cuts record MTN fine 35% to $3.4 billion

The Nigerian government has agreed to reduce the hefty fine imposed on MTN to $3.4 billion following lengthy negotiations between the two parties.

Sifiso Dabengwa, former CEO, MTN Group

South Africa's MTN suffers first high profile casualty over Nigeria fine

Mobile operator, MTN’s chief executive officer, Sifiso Dabengwa has resigned as a the fallout over a Nigerian fine of $5.2 billion continues to haunt Africa’s largest mobile operator.

Johann Rupert is South Africa's richest man (According to Forbes in 2014), Chairman of the luxury goods company Richemont, and Chairman of investment company Remgro.

Private equity fund backed by two of South Africa's richest men raises $345M to invest in Africa

Pembani Remgro Infrastructure Fund, founded by two of South Africa’s richest men, has raised $345 million to invest in electricity generation, transport and logistics in Africa.

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.