MTN Uganda’s initial public offering is expected to raise about R18-billion, the country’s Capital Markets Authority said on Tuesday.
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Telkom’s group chief financial officer, Tsholofelo Molefe, has resigned with immediate effect to take the role of chief financial officer at rival MTN Group, where she will take on CEO Ralph Mupita’s old job.
Leading MTN Group has come at an “enormous sacrifice”, outgoing CEO Rob Shuter said on Wednesday at a media conference following the presentation of the telecommunications operator’s 2019 financial results.
MTN Group has hired another top executive from Vodacom Group, saying on Wednesday that is has appointed Yolanda Cuba as its new chief digital and fintech officer.
Vodacom has dished out R18m worth of shares to its CEO as part of its forfeitable share plan. In a notice to shareholders on Thursday, the company announced that it had awarded 108 099 Vodacom shares, at a price each
Alan Knott-Craig’s investment vehicle, World of Avatar, which recently bought MXit, has appointed former Mvelaphanda CEO Yolanda Cuba to its board as it chair. Cuba sits on a number of boards already, including those of SAB, Reunert and Absa. Knott-Craig says that as the World of Avatar