Sibonginkosi Nyanga News

South Africa's MTN bets on mobile banking with new CEO

South Africa's MTN bets on mobile banking with new CEO

MTN’s new chief executive Rob Shuter has been brought in to boost profits at Africa’s biggest mobile phone group after a $1.7 billion fine in Nigeria, by persuading its 200 million clients to use their handsets to store money and pay bills.

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.