Mcebisi Jonas officially begins new role as MTN board chair

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Former deputy finance minister Mcebisi Jonas has officially stepped into his new role as MTN [JSE:MTN] board chairperson.

The mobile operator on Wednesday afternoon issued a shareholder notice announcing board changes which came into effect on December 15.

Jonas has been filling the role as chairperson designate since May this year, after MTN announced he would replace chairperson Phuthuma Nhleko in December this year, Fin24 previously reported.

"The chair of MTN Group, Phuthuma Nhleko, has stepped down from the board on December 15, 2019 after overseeing an orderly transition of the board, including the establishment of the International Advisory Board," the shareholder notice reads.

"Further, Alan Harper, Jeff van Rooyen and Koosum Kaylan have stepped down from the board on December 15, 2019 after an orderly transition and handover to incoming directors."

Apart from Jonas assuming his new role, Dr Khotso Mokhele has taken on the role as lead independent director.

Earlier this year, Jonas released his first book, After Dawn, in which he shares his views on the way forward for South Africa, post the period of state capture.

During his term as deputy finance minister, Jonas was offered a R600m bribe from the Gupta family to take on the position as finance minister – in October 2015. Jonas, however, rejected the bribe.

MTN's share price, which opened at R86.67 on Wednesday morning, was trading 1.04% stronger at R87.85 by 15:09.

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