New CE soon for South African unit of MTN Group
MTN Group’s South African unit gets a new CE on March 13 as Mteto Nyati stands down and is replaced by Godfrey Motsa
MTN Group, Africa’s biggest mobile phone operator, said on Tuesday that Mteto Nyati, CE of its South African unit, would resign on March 13 and be replaced by Godfrey Motsa on the same day. Motsa is a vice-president of the South and East Africa region of MTN Group, and has more than 10 years of experience in the mobile telecoms industry. He was previously CEO of Vodacom in Lesotho and the Democratic Republic of the Congo, and more recently chief officer consumer business unit at Vodacom SA. MTN Group reported a $108m annual loss last week, its first in two decades, after it was hit by a regulatory fine in Nigeria and unfavourable currency moves. MTN agreed to pay a $1.1bn fine, reduced from $5.2bn last June after a long legal battle to end a dispute in Nigeria over missing a deadline to cut off unregistered SIM cards. Reuters
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.