MTN Group CEO Rob Shuter was paid R58.2-million in the 2019 financial year, a 35.7% increase on his total remuneration for 2018, but even these generous rewards were not enough to keep him.
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Telkom and the Competition Commission have reached an agreement over concerns the regulatory watchdog had over its wholesale IP Connect product.
Financially distressed mobile operator Cell C said the second half of its 2019 financial year showed a solid turnaround in its fortunes, with a R1-billion improvement in Ebitda.
Many South African technology companies are allowing their employees to work from home and encouraging them to make use of technology to avoid face-to-face meetings with colleagues and clients.
Rob Shuter’s announcement that he will not seek to extend his contract as MTN Group CEO a year before it ends will allow the board enough time to pick a suitable candidate.
All eyes are on MTN South Africa and Telkom, which have failed to reach an agreement with the Competition Commission to lower data prices within the specified deadline.
Police have arrested five suspects belonging to one of South Africa’s largest battery theft syndicates, mobile operator Vodacom said on Thursday.
MTN South Africa said on Wednesday that inroads are being made in the fight against battery theft at its base stations and that police are making progress in shutting down the syndicates behind the scourge.
Though there is “significant doubt” over Cell C’s ability to continue as a going concern, the mobile operator’s biggest shareholder, Blue Label Telecoms, said on Friday that “management believes it is more likely than not” that the company will survive.
MTN South Africa said on Tuesday that it’s some making progress in fighting the scourge of cellphone tower battery theft, though the problem is far from being overcome.