Browsing: Sifiso Dabengwa

Eskom wants lending taps reopened

Eskom is wasting no time approaching potential lenders in the hope that Saturday’s board overhaul was enough to ease concerns about governance at the struggling utility. The company will ask banks for funding commitments to

MTN getting ready for Nigeria listing

MTN Group is focused on laying the groundwork for an initial public offering of its Nigerian business and should complete the process in the next six months, CEO Officer Rob Shuter said on Wednesday. “We have

MTN slammed over bosses’ millions

Nearly 40% of MTN shareholders voted against the advisory endorsement of the group’s remuneration policy at its AGM on Thursday. Only 62,6% of those who voted, did so in favour

Data underpins strong revenue uplift at MTN

MTN on Wednesday said group revenue increased by 7,1% year on year, supported by a 29,4% improvement in data revenue, suggesting a return to a firmer footing for the Johannesburg-headquartered emerging markets telecommunications giant. However, group subscriber

MTN paid chairman R72m in 2016

MTN Group awarded executive chairman Phuthuma Nhleko R72,2m in pay and bonuses last year after he negotiated a reduced fine with Nigerian regulators and shook up senior management. Nhleko, 56, was paid a R30m

MTN bosses rake in millions

MTN’s interim group executive chairman, Phuthuma Nhleko, took home more than R72m in the 2016 financial year, during which time he acted as CEO and as chairman of the crisis-hit emerging markets telecommunications

Shuter takes reins at troubled MTN

MTN Group’s new CEO, Rob Shuter, begins work on Monday morning, taking the reins from interim executive chairman Phuthuma Nhleko at a time of considerable operational challenges at Africa’s biggest telecommunications operator. Shuter, until

Nhleko sells R123m in MTN shares

MTN Group executive chairman Phuthuma Nhleko has sold shares worth about R123m as he prepares to hand over the day-to-day running of Africa’s biggest wireless company to incoming CEO Rob Shuter. Nhleko will also benefit from the

Rob Shuter to take MTN reins in March

Rob Shuter, MTN’s incoming group president and CEO, will join the telecommunications operator earlier than previously expected. Shuter, who is serving notice at Vodafone, will join MTN on 13 March

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