TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentralTechCentral
    NEWSLETTER
    • News

      Fixing SA’s power crisis is not complex: it simply takes the will to do better

      12 August 2022

      Consortium makes unsolicited bid for state’s 40% stake in Telkom

      12 August 2022

      Actually, solar users should pay more to access the grid – here’s why

      12 August 2022

      Telkom says MTN talks remain on track

      12 August 2022

      Analysis | Rain muddies the waters with approach to Telkom

      11 August 2022
    • World

      Tencent woes mount, even after $560-billion selloff

      12 August 2022

      Huawei just booked its first sales rise since US blacklisting

      12 August 2022

      Apple remains upbeat about iPhone sales even as Android world suffers

      12 August 2022

      Ether at two-month high as upgrade to blockchain passes major test

      12 August 2022

      Gaming industry’s fortunes fade as pandemic ends

      11 August 2022
    • In-depth

      African unicorn Flutterwave battles fires on multiple fronts

      11 August 2022

      The length of Earth’s days has been increasing – and no one knows why

      7 August 2022

      As Facebook fades, the Mad Men of advertising stage a comeback

      2 August 2022

      Crypto breaks the rules. That’s the point

      27 July 2022

      E-mail scams are getting chillingly personal

      17 July 2022
    • Podcasts

      Qush on infosec: why prevention is always better than cure

      11 August 2022

      e4’s Adri Führi on encouraging more women into tech careers

      10 August 2022

      How South Africa can woo more women into tech

      4 August 2022

      Book and check-in via WhatsApp? FlySafair is on it

      28 July 2022

      Interview: Why Dell’s next-gen PowerEdge servers change the game

      28 July 2022
    • Opinion

      No reason South Africa should have a shortage of electricity: Ramaphosa

      11 July 2022

      Ntshavheni’s bias against the private sector

      8 July 2022

      South Africa can no longer rely on Eskom alone

      4 July 2022

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022
    • Company Hubs
      • 1-grid
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»News»End of an era as Phuthuma Nhleko steps down from MTN board

    End of an era as Phuthuma Nhleko steps down from MTN board

    News By Duncan McLeod18 December 2019
    Facebook Twitter LinkedIn WhatsApp Telegram Email
    Outgoing MTN Group chairman Phuthuma Nhleko

    Phuthuma Nhleko, the man who led MTN Group on an acquisition spree that turned the telecommunications operator into an emerging-markets giant, has stepped down from its board of directors.

    Nhleko, who has served as MTN’s chairman for several years after relinquishing the CEO role in 2011, resigned this week an non-executive chairman. He has been replaced in the role by former deputy finance minister Mcebisi Jonas.

    It was Nhleko who led the acquisition of Investcom in 2006, for US$5.5-billion, that took it into many new markets in Africa and Middle East and helped it grow its subscriber base to over 200 million customers.

    It was Nhleko who led the acquisition of Investcom in 2006, for US$5.5-billion, that took it into many new markets in Africa and Middle East

    He also helped land MTN a lucrative licence to operate in Iran, a disputed award that resulted in years of litigation by losing bidder Turkcell.

    He briefly returned to executive leadership of the group following the exit of former CEO Sifiso Dabengwa to deal with the fallout from a US$5.2-billion regulatory fine in Nigeria related to the failure to register Sim cards in the West African nation, its biggest market.

    Nhleko is chairman of the Pembani Group of companies, which he co-founded in 1994, and which has interests in the energy, petroleum, cement and resources industries.

    Other directors resign

    MTN said that along with Nhleko’s exit from its group board, Alan Harper, Jeff van Rooyen and Koosum Kaylan have also stepped down as directors. Khotso Mokhele has assumed the responsibilities of lead independent director with effect from 15 December.

    MTN said in a statement to shareholders that Nhleko “expressed his gratitude to the retiring directors and the board for persisting passionately on a road map (with twists, turns and diversions) that they collectively forged at strategy sessions” and said “there is still a lot to be achieved and celebrated in the future”.  — (c) 2019 NewsCentral Media

    Alan Harper Investcom Jeff van Rooyen Khotso Mokhele Koosum Kaylan Mcebisi Jonas MTN Phuthuma Nhleko top Turkcell
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleMTN South Africa sets mobile money relaunch date
    Next Article Man behind $11-billion WorldCom fraud to be freed from prison

    Related Posts

    Fixing SA’s power crisis is not complex: it simply takes the will to do better

    12 August 2022

    Consortium makes unsolicited bid for state’s 40% stake in Telkom

    12 August 2022

    Actually, solar users should pay more to access the grid – here’s why

    12 August 2022
    Add A Comment

    Comments are closed.

    Promoted

    Get your brand in front of TechCentral’s amazing audience

    12 August 2022

    Pricing Beyond CMYK: printers answer the FAQs

    11 August 2022

    How secure is your cloud?

    10 August 2022
    Opinion

    No reason South Africa should have a shortage of electricity: Ramaphosa

    11 July 2022

    Ntshavheni’s bias against the private sector

    8 July 2022

    South Africa can no longer rely on Eskom alone

    4 July 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.