Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

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

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News
      Netflix, Warner Bros talks raise fresh headaches for MultiChoice

      Netflix, Warner Bros deal raises fresh headaches for MultiChoice

      5 December 2025
      Netflix to buy Warner Bros Discovery in industry-defining megadeal

      Netflix to buy Warner Bros Discovery in industry-defining megadeal

      5 December 2025
      Vula Medical named as South Africa's 2025 app of the year

      Vula Medical named as South Africa’s 2025 app of the year

      5 December 2025
      Big Microsoft 365 price increases coming next year

      Big Microsoft price increases coming next year

      5 December 2025
      Vodacom to take control of Safaricom in R36-billion deal - Shameel Joosub

      Vodacom to take control of Safaricom in R36-billion deal

      4 December 2025
    • World
      Amazon and Google launch multi-cloud service for faster connectivity

      Amazon and Google launch multi-cloud service for faster connectivity

      1 December 2025
      Google makes final court plea to stop US breakup

      Google makes final court plea to stop US breakup

      21 November 2025
      Bezos unveils monster rocket: New Glenn 9x4 set to dwarf Saturn V

      Bezos unveils monster rocket: New Glenn 9×4 set to dwarf Saturn V

      21 November 2025
      Tech shares turbocharged by Nvidia's stellar earnings

      Tech shares turbocharged by stellar Nvidia earnings

      20 November 2025
      Config file blamed for Cloudflare meltdown that disrupted the web

      Config file blamed for Cloudflare meltdown that disrupted the web

      19 November 2025
    • In-depth
      Jensen Huang Nvidia

      So, will China really win the AI race?

      14 November 2025
      Valve's Linux console takes aim at Microsoft's gaming empire

      Valve’s Linux console takes aim at Microsoft’s gaming empire

      13 November 2025
      iOCO's extraordinary comeback plan - Rhys Summerton

      iOCO’s extraordinary comeback plan

      28 October 2025
      Why smart glasses keep failing - no, it's not the tech - Mark Zuckerberg

      Why smart glasses keep failing – it’s not the tech

      19 October 2025
      BYD to blanket South Africa with megawatt-scale EV charging network - Stella Li

      BYD to blanket South Africa with megawatt-scale EV charging network

      16 October 2025
    • TCS
      TCS+ | How Cloud on Demand helps partners thrive in the AWS ecosystem - Odwa Ndyaluvane and Xenia Rhode

      TCS+ | How Cloud On Demand helps partners thrive in the AWS ecosystem

      4 December 2025
      TCS | MTN Group CEO Ralph Mupita on competition, AI and the future of mobile

      TCS | Ralph Mupita on competition, AI and the future of mobile

      28 November 2025
      TCS | Dominic Cull on fixing South Africa's ICT policy bottlenecks

      TCS | Dominic Cull on fixing South Africa’s ICT policy bottlenecks

      21 November 2025
      TCS | BMW CEO Peter van Binsbergen on the future of South Africa's automotive industry

      TCS | BMW CEO Peter van Binsbergen on the future of South Africa’s automotive industry

      6 November 2025
      TCS | Why Altron is building an AI factory - Bongani Andy Mabaso

      TCS | Why Altron is building an AI factory in Johannesburg

      28 October 2025
    • Opinion
      Your data, your hardware: the DIY AI revolution is coming - Duncan McLeod

      Your data, your hardware: the DIY AI revolution is coming

      20 November 2025
      Zero Carbon Charge founder Joubert Roux

      The energy revolution South Africa can’t afford to miss

      20 November 2025
      It's time for a new approach to government IT spend in South Africa - Richard Firth

      It’s time for a new approach to government IT spend in South Africa

      19 November 2025
      How South Africa's broken Rica system fuels murder and mayhem - Farhad Khan

      How South Africa’s broken Rica system fuels murder and mayhem

      10 November 2025
      South Africa's AI data centre boom risks overloading a fragile grid - Paul Colmer

      South Africa’s AI data centre boom risks overloading a fragile grid

      30 October 2025
    • Company Hubs
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • AvertITD
      • Braintree
      • CallMiner
      • CambriLearn
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • Incredible Business
      • iONLINE
      • IQbusiness
      • Iris Network Systems
      • LSD Open
      • NEC XON
      • Netstar
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SevenC
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Tenable
      • Vertiv
      • Videri Digital
      • Vodacom Business
      • Wipro
      • Workday
      • XLink
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Financial services
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Motoring
      • Public sector
      • Retail and e-commerce
      • Satellite communications
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
    • Events
    • Advertise
    TechCentralTechCentral
    Home » People » Why moving on is hard for MTN’s Nhleko

    Why moving on is hard for MTN’s Nhleko

    By Editor12 March 2010
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp

    Phuthuma Nhleko

    “It’s difficult to let go.” Phuthuma Nhleko, MTN’s group president and CEO, sounds almost rueful when I ask him why he’s decided to hang up his hat at the mobile operator.

    “You do a lot of soul searching,” he tells me in an interview at the Melrose Arch Hotel in Johannesburg, a day after presenting the group’s 2009 financial results. “I’ve always believed that there’s a time to come and a time to go.”

    Nhleko, who has created astonishing wealth for MTN shareholders in the eight years he has been CEO, says a decade is about the most time someone should run a large group like this. “I’m not saying I don’t have the energy to carry on. I do. I just think it’s time to get someone else, someone with fresh ideas who can take it in a different direction.”

    Then, with purpose — perhaps signifying a desire to achieve something even bigger than MTN before he retires — the 49-year-old Nhleko adds cryptically: “And life is short.”

    Always careful to pick his words, Nhleko won’t say what type of leader he thinks should take over from him. He says he doesn’t want to influence the board at all in its decision.

    But when I ask him to list what he regards as the highlights and biggest disappointments of his career at MTN, he is unusually forthcoming.

    Nigeria, clearly, is top of his list. When he took the CEO reins in 2003 — he’d been involved with the group as chairman since 2001 — MTN was just entering the vast West African market. Little was known about Nigeria then, and analysts were understandably wary.

    Today, that country is MTN’s most successful market when measured against just about every metric. Nigeria has twice as many subscribers as the group’s home market of SA, and is still growing strongly. More than one in every four of MTN’s subscribers is Nigerian.

    Nhleko is similarly proud of the group’s entry into Iran, despite sceptics’ initial concerns about political instability there. Iran, too, now has more subscribers than SA.

    The 2006 Investcom acquisition, derided by some analysts at the time as expensive (MTN paid US$5,5bn for the business), is another highlight for Nhleko. It allowed MTN to expand through the Middle East and infused the group with new cultural influences, he says.

    Lastly, he lists the restructuring of MTN — its operational reporting lines, its performance measurement systems and the like — as a significant achievement of his tenure. He says having the right structure helped the group expand rapidly outside SA.

    The biggest disappointment for Nhleko? Surprisingly, it’s not the group’s failure to enter the vast Indian market through its discussions with Reliance Communications and, more seriously, with Bharti Airtel.

    No, Nhleko says MTN would be a much bigger group today if it had beaten Kuwait’s Mobile Telecommunications Co (MTC) to buy pan-African operator Celtel. MTC, later rebranded as Zain, outbid MTN by about $600m, paying $3,4bn to secure the deal.

    “We were too conservative,” he says. “If we look back today, we could have paid $1bn more and still been in a fantastic position. That’s a regret.”

    He seems slightly less perturbed by the collapse in the Bharti talks last year, despite them taking so much of his time. “The outcome was the outcome; we’ve since moved on from that.”

    He says it’s unfair to blame regulators alone for the collapse in the talks. He says the two sides were still a long way from reaching a commercial proposition they could take to shareholders.

    Some analysts suggested the Bharti deal was doomed from the start. A number of institutional investors spoke out against the deal, saying it wasn’t favourable to MTN shareholders.

    Nhleko has faced a lot of criticism like this during his tenure, be it for MTN’s forays into Nigeria and Iran, or the Investcom price tag. He says he’s learnt to deal with it.

    “I try to avoid reading all the comments and all the reports,” he says. “If you listened to everyone, you’d never make any decisions.”

    He says also that those who criticised MTN’s ventures north of the border now suffer from “selective amnesia”. It’s hard to find any analysts who will admit they were wrong, he says.

    “We never ignore what people say, but I do believe companies, and their boards and management teams, have to make their own calls and be prepared to live by them.”

    Instead of dwelling on the failed Bharti talks, Nhleko says MTN is focusing its efforts now on improving its operations in the 21 countries in the Middle East and Africa in which it has networks.

    He won’t be drawn on whether he might seek to do another blockbuster deal before he leaves the group in March 2011. But he won’t rule out the possibility. For now, though, there’s nothing concrete on the table.

    As for his future plans, Nhleko says he hasn’t made any decisions yet. He says he must give more attention to his investment holding company, Worldwide African Investment Holdings. But he’s already thinking bigger than that.

    “After being at the helm of MTN for nine years, whatever I do next will have to be a really big challenge,” he says. “It might be a big company, but it doesn’t necessarily have to be.”

    What he is certain of is that he’ll remain in SA. Whatever challenge he ends up taking on, even if it involves a company with operations elsewhere in the world, he says he’ll still be based here.  — Duncan McLeod, TechCentral

    • Subscribe to our free daily newsletter
    • Follow us on Twitter or on Facebook


    Bharti Bharti Airtel Celtel Investcom MTC MTN Phuthuma Nhleko Zain
    Subscribe to TechCentral Subscribe to TechCentral
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleWhy MTN is a screaming buy
    Next Article Minister appoints new Sita directors

    Related Posts

    TCS | MTN Group CEO Ralph Mupita on competition, AI and the future of mobile

    TCS | Ralph Mupita on competition, AI and the future of mobile

    28 November 2025
    Why MTN still won't rule out a deal with Telkom - Ralph Mupita

    Why MTN still won’t rule out a deal with Telkom

    26 November 2025
    MTN is eyeing East Africa for future growth - Ralph Mupita

    MTN is eyeing East Africa for future growth

    26 November 2025
    Company News
    Beat the summer heat with Samsung's WindFree air conditioners

    Beat the summer heat with Samsung’s WindFree air conditioners

    5 December 2025
    AI is not a technology problem - iqbusiness

    AI is not a technology problem – iqbusiness

    5 December 2025
    Telcos are sitting on a data gold mine - but few know what do with it - Phillip du Plessis

    Telcos are sitting on a data gold mine – but few know what do with it

    4 December 2025
    Opinion
    Your data, your hardware: the DIY AI revolution is coming - Duncan McLeod

    Your data, your hardware: the DIY AI revolution is coming

    20 November 2025
    Zero Carbon Charge founder Joubert Roux

    The energy revolution South Africa can’t afford to miss

    20 November 2025
    It's time for a new approach to government IT spend in South Africa - Richard Firth

    It’s time for a new approach to government IT spend in South Africa

    19 November 2025

    Subscribe to Updates

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

    Latest Posts
    Netflix, Warner Bros talks raise fresh headaches for MultiChoice

    Netflix, Warner Bros deal raises fresh headaches for MultiChoice

    5 December 2025
    Netflix to buy Warner Bros Discovery in industry-defining megadeal

    Netflix to buy Warner Bros Discovery in industry-defining megadeal

    5 December 2025
    Vula Medical named as South Africa's 2025 app of the year

    Vula Medical named as South Africa’s 2025 app of the year

    5 December 2025
    Big Microsoft 365 price increases coming next year

    Big Microsoft price increases coming next year

    5 December 2025
    © 2009 - 2025 NewsCentral Media
    • Cookie policy (ZA)
    • TechCentral – privacy and Popia

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

    Manage consent

    TechCentral uses cookies to enhance its offerings. Consenting to these technologies allows us to serve you better. Not consenting or withdrawing consent may adversely affect certain features and functions of the website.

    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    • Manage options
    • Manage services
    • Manage {vendor_count} vendors
    • Read more about these purposes
    View preferences
    • {title}
    • {title}
    • {title}