The trustees of the multibillion-rand scheme, set up to benefit the firm’s black employees, have been accused of hiding money from beneficiaries

Phuthuma Nhleko, who increased MTN’s subscribers almost 30-fold during his nine-year tenure as chief executive officer, is becoming chairperson.

Former MTN boss Phuthuma Nhleko has distanced himself from a dodgy mobile operating license in Iran that included bribes, weapons and influence.

The department of international relations and cooperations says government can’t be bought but recent reports have contradicted this statement.

South African cement giant Afrisam is at the centre of a war between local and international investors.

South Africa’s MTN Group said on Thursday its outgoing chief executive officer Phuthuma Nhleko will step down as director of the group.

Africa’s largest mobile operator MTN on Monday said it had appointed Sifiso Dabengwa as its chief executive officer, to replace Phuthuma Nhelko.

Phuthuma Nhleko, CEO of cellphone group MTN, will step down as CEO and group president in March 2011, the group said on Monday.

Phuthuma Nhleko, CEO of MTN, could receive R300-million from the group’s takeover of a structure that was set up to boost black ownership.

India’s Reliance Communications is prepared to pay a significant premium for control of South African mobile phone group MTN, the FT Alphaville website said on Thursday. MTN and…

Merger talks between India’s biggest cellphone services firm, Bharti Airtel, and South Africa’s flagship MTN Group could wind up this weekend, a report said on Saturday. A merged…