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MTN Zakhele seeks listing on the JSE

By Ujuh MTN Zakhele shares seem to be destined to list on the black economic empowerment (BEE) platform of the Johannesburg Stock Exchange (JSE) alongside...
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MTN’s Zakhele Futhi Inconsistent with BEE Act

Telecommunications network provider MTN’s Zakhele-Futhi’s scheme has been found to be inconsistent with South Africa’s Broad Based Black Economic Empowerment (BBBEE) Act. The BBBEE Commission on...

MTN second BEE deal, Zakhele Futhi raises R1.1 billion

The new MTN BEE transaction, together with the continuing contribution of the MTN Zakhele empowerment transaction, translates to an effective indirect “see-through” black ownership in excess of 30% of MTN’s South African operations.

MTN Taps Sugentharan Perumal as Acting CFO

MTN Group has appointed Sugentharan Perumal as chief financial officer (CFO) following the appointment of the previous CFO, Ralph Mupita, as the new MTN...

MTN, Nokia and Others Investigated for Allegedly Violating BBBEE Regulations

By Staff Writer The Broad-Based Black Economic Empowerment (BBBEE) Commission is investigating Netcare, Nokia, MTN, Eskom and the South African Social Security Agency (Sassa) for...

MTN strikes back at its critics over its white CEO

MTN, Africa and Middle East largest mobile phone group, has hit back at criticism by Black Management Forum (BMF) and the Public Investment Corporation...

Otel taps ex-MTNer Chris Geerdts for COO

VOIP Service provider Otel Telecoms has tap former MTN manager Christopher Geerdts as COO (Chief Operations Officer). "Chris has been specifically appointed as Otel's COO...

MTN SA makes progress on profitability

  Mobile phone operator MTN's efforts to boost profitability in its troubled South African operation are starting to pay off even sales rose slightly in the...

MTN Group rejigs management team

  MTN’s old hand Phuthuma Nhleko on Thursday announced a change in the company’s “operating structure with a view to strengthening operational oversight, leadership, governance...

Nigeria reduces MTN’s fine to $3.4bn

MTN informed investors on Thursday that the Nigerian government has reduced fine imposed on its Nigerian operation to $3.4 billion from $5.2 billion. By...