MTN South Africa CEO Mteto Nyati has resigned to take the reins at Altron. Nyati, formerly MD of Microsoft’s South African subsidiary, will take the reins at Altron from Robbie Venter on 1 July. The surprise move by Nyati, who joined MTN in 2014
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MTN has moved quickly to replace the CEO of its South African operation, Mteto Nyati, who is leaving the telecommunications group to take the reins from Robbie Venter as CEO of Altron. Altron announced after markets closed on Tuesday that
MTN Group is gauging investor interest for its first sale of rand-denominated bonds in seven years as Africa’s largest mobile phone operator struggles to repatriate earnings from its Nigerian business. MTN is “approaching the market and we will see
South African welfare minister Bathabile Dlamini denied she was responsible for failing to ensure plans are in place to dispense welfare grants to more than 17m people when an existing disbursement contract with Net1
Central Intelligence Agency’s hackers have developed tools letting them break into devices from iPhones and Android phones to Samsung “smart” televisions to monitor conversations and messages, according to WikiLeaks. WikiLeaks, which specialises
Continued political instability that hurt investor confidence and saw South Africa’s economy expand at the slowest rate since 2009 last year could threaten a recovery in 2017, economists said. GDP expanded by 0,3% last
“Data leakage”, where consumers lose data without using it, is a “technical impossibility”, an industry body has said, dismissing growing complaints from users that their mobile data is disappearing. “This surge in data usage
Altron has a shortlist of candidates for a new CEO, all of them from the IT sector, the group’s current CEO, Robbie Venter, said on Monday. This comes as Altron disposes of non-core assets to focus on the ICT industry. Speaking on the TechCentral Podcast
South African investors’ appetite for listed offshore assets has been well fed by property counters like Capital & Counties, Intu Properties and most recently Hammerson, which listed last September. These funds have a primary listing
South Africa plans to bring in a new welfare payments system over the next two years and hasn’t yet signed a new interim contract with Net1 UEPS Technologies, the government said on Sunday. Cash Paymaster Services, a unit of Net1, will