MTN chairman Phuthuma Nhleko sells shares worth R123m
01 December 2016 - 08:19
MTN Group executive chairman Phuthuma Nhleko sold shares worth about R123m as he prepares to hand over the day-to-day running of Africa’s biggest cellphone company to incoming CEO Rob Shuter. Nhleko will also benefit from the termination of share options valued at R130m, the Johannesburg-based company said in a statement after the market closed on Wednesday.
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