This deadly virus is forcing all of us to take a breath and to slow down, writes Melanie Verwoerd.
High level clouds. Mild.
Outgoing CEO of MTN, Rob Shuter, who will be vacating his position when his contract expires in 2021, says the early announcement of his departure will allow for seamless succession at the helm of the group.
African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about $1.5bn (about R20bn), according to people familiar with the matter.
The company, which has been embroiled in regulatory disputes in its largest markets, including Nigeria, Iran and Ghana, boosted customers to 225.4 million.
MTN CEO Rob Shuter has admitted that out-of-bundle data costs are exorbitant and need to be fixed.
South Africa’s Black Management Forum has expressed its disappointment at the appointment of Rob Shuter as MTN’s new chief executive officer.
The company reported 9.7% growth in its revenue for the past year.
It is in ongoing discussions with Nigeria’s central bank and other institutions, and is “narrowing down what the key issues are,” says its CEO Rob Shuter.
The new boss of MTN, Rob Shuter, has ambitious plans for the group, which include substantially increasing subscribers to its data and digital products.
Africa’s biggest mobile network by subscribers MTN says banking and telecoms veteran Rob Shuter is scheduled to join as CEO of the company in March 2017.
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