MTN promoted finance head Ralph Mupita, who describes himself as a problem solver, to the top job on Wednesday — a move met by investors with a collective nod of approval.

Shares in MTN jumped as much as 3.5% before trimming gains to trade at 1.41% higher by the close, outperforming rival Vodacom, which was barely changed. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now