Investors wanted someone from outside of MTN with telecoms experience.— Loni Prinsloo, Bloomberg
MTN Group named Vodafone Group’s Rob Shuter as CEO, turning to a seasoned executive to lead Africa’s biggest mobile-phone company following the settlement of a record fine in Nigeria.
Shuter, a South African who leads Vodafone’s European cluster as CEO, will start by 1 July 2017, MTN said in a statement on Monday.
The Money Show’s Bruce Whitfield interviewed Bloomberg News Johannesburg journalist Loni Prinsloo.
Scroll down for quotes from the audio below.
Large investors wanted a South African.— Loni Prinsloo, Bloomberg
The Money Show’s Bruce Whitfield interviews Treasury’s Ismail Momoniat and Banking Association South Africa’s Cas Coovadia.
Many people are uttering these nine words around this time of year. Come January they’ll be sorry, but it’ll be too late.
Why is Eskom, seemingly, sabotaging the world’s fastest-growing green energy programme?
Walker Scott Art Advisory’s Dr Fred Scott gives advice on building a high growth African art portfolio.
The second most complained about company was JD Group with Vodacom coming in third.
MTN's culture makes it unsurprising that this has happened, says First Avenue Investment Management’s Hlelo Giyose.