Africa’s largest mobile operator MTN has amended its special purpose empowerment vehicle, MTN Zakhele Futhi, which will now be able to appoint its own chair and nominate one of its members to the MTN board.
In July, the broad-based BEE commission found the scheme did not meet the requirements of the Empowerment Act and suggested several remedies, including the right for the scheme to appoint its own board...
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