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MTN CEO Resigns

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MTN chief executive officer, Sifiso Dabengwa, has resigned with immediate effect. The announcement was made to shareholders this morning. The move follows a R73-billion fine from the Nigerian communication authorities for failing to disconnect 5.1 million subscribers. Former MTN Group CEO and current non-executive chairman Phuthuma Nhleko has agreed to take on an executive role until Dabengwa is replaced.

Guest: Abdul Azeez Davids
Position: Head of Research, Kagiso Asset Management
9 Nov 2015 9AM English South Africa News

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