The organizational chart of MTN South Africa displays its 27 main executives including Godfrey Motsa, Dineo Molefe and Tebogo Maenetja × We use cookies to provide a better service. Thomas Pays, CEO and co-founder at Ozow, says consumers are seeking greater access to digital financial […] Three significant news items went on the global wire on 25 th February 2021 as follows;. South Africa is an upper-middle-income economy, one of only eight such countries in Africa. Apart from the full range of all our Macsteel products – from general steel, right through to pipes and fittings – our Macsteel Express outlets in Klerksdorp and Welkom also sell steel-related hardware, 6 days a week. Updated world stock indexes. Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment, technology, video and pictures. Nkateko was CEO of the Independent Communications Authority of South Africa (ICASA). At least 300 delegates are in the country for the MTN Global Leadership Gathering (GLG) taking place from 30 th to 31 st January 2018 at the Munyonyo Commonwealth Resort. MTN Group Limited's head office is in Johannesburg, South Africa, where the Group is listed on the exchange operated by the JSE Limited under the share code “MTN”. In 1998, we began our expansion by acquiring licences in Rwanda, Uganda and Swaziland. Removing advertising from your browsing experience is one of them - we don't just block ads, we redesign our pages to look smarter and load faster. Led by MTN Group CEO Rob Shuter, the team also comprised of MTN Vice President for South Africa and East Africa Ebenezer Twum, the Group Regulatory Affairs Officer Felleng Sekha and MTN Uganda Chairman Charles Mbire. It invests significantly in advanced communications networks, connecting more than 203,8 million people in 22 countries across Africa and the Middle East. South Africa’s current account balance surplus shrank in the fourth quarter (Q4) of 2020 to 3.7% of gross domestic product (GDP) from 5.9% in the previous quarter, the South African Reserve Bank (SARB) said on Thursday, 11 March.Â, At R197.8-billion, the surplus remains hefty and is the second-biggest recorded after the one posted in Q3 of 2020. South Africa’s current account surplus narrowed in the fourth quarter of 2020, but remains robust. Other MTN executives also did well. (TIMES LIVE PHOTO) Eight MTN Group executives have received more than 1.3 million shares in Africa’s telecommunications giant, valued at about R116.9 million (UGX31.2 billion) at the market price (R87.79) when they were issued at the end of December. BECOME AN INSIDER. Ozow co-founders (Source: Ozow) Ozow, a digital payments company has announced a partnership with MTN Mobile Money (MoMo), which will make it easier for consumers to load funds onto their mobile wallet without the need for a credit card. MTN Ghana. MTN Nigeria. Since 1996, at the end of over twelve years of international sanctions, South Africa… MTN Group has released its annual report for 2014, revealing how much its top executives got paid in the last financial year. Liquid Telecom, a member of the Econet Group that has laid more than 70,000km of fiber optic cable across Africa, raised $840M financing package (US$620M bond and a US$220M equivalent term loan in Rand).This was … IN THIS SECTION . When did MTN Nigeria become a publicly listed company in Nigeria and at what price was it listed? More importantly, Corporate South Africa doesn’t have a culture of solving operational processes that matter, neither has it been on any agenda shared via our media reporting structures. Over 25years’ experience in operations and management across Africa makes Nzuzi a risk and compliance asset for the MTN brand. The South-Africa-based company has appointed Themba Khumalo, currently the CEO of MTN … Since then, we continued to grow, with a view of bringing world-class telecommunications and digital services to markets across Africa and the Middle East. MTN Nigeria became a publicly listed company on May 16, 2019 at a listing price of N90 per ordinary share of 2 kobo par value each. With a proud history spanning 116 years, Macsteel Service Centres SA has developed and expanded to be AFRICA’S LEADING MANUFACTURER, MERCHANDISER AND DISTRIBUTOR OF STEEL AND VALUE ADDED STEEL PRODUCTS.. MTN agrees to reduced $1.67bn Nigeria fine, shares jump. That is hardly conducive to new investment.Â, “Beyond 2021, the strength of recovery will depend on the structural reforms that are put in place. Want to be notified when we post a new article? "Every time I read Pride and Prejudice I want to dig her up and beat her over the skull with her own shin-bone" ~ Mark Twain on Jane Austen, Please sign in or register to enable this feature. MTN Sudan. MTN recently revealed that its former CEO, Rob Shuter received a pay package of R74 million for eight months’ work. The National Treasury has, since 1955, slowly unwound the tangled web of legislation that governs South Africa’s exchange control regulations. MTN offers non-South African-based employees participation in the Group’s notional share option (NSO) scheme. Precious metals prices were on a tear in 2020 that extended into January, though gold has cooled a bit of late. The tourism measures and visa reforms should yield significant results for the services sector.Â, “While the electricity constraint will not be resolved any time soon, the broadening of South Africa’s energy mix is a long-term positive. A cookie is generally a tiny data file that resides on your computer, mobile phone, or other device, and allows MTN to recognise you as a user when you return to the MTN online store website using the same computer and web browser. However, it is the most industrialized, technologically advanced, and diversified economy on the African continent. Investment remains key to the outlook.Â, “While positive in Q4 2020, sustained private sector confidence is needed to make a difference,” Khan said. Shares.Eight MTN Group executives have received more than 1.3 million shares valued at about UGX31.2 billion. Nzuzi is seasoned, result-oriented and passionate. The resignation of Sifiso Dabengwa as group chief executive officer has raised speculation that more senior executives will leave the mobile network. Executives from South African telecom company MTN are meeting with Nigerian authorities on Thursday to discuss a $5.2 billion fine imposed on the group after it … The RMB/BER BCI declined to 35 in the first quarter of 2021, from 40 in the previous quarter, which is deeply negative as 50 is the neutral mark.Â, Seven out of 10 senior executives surveyed for the index expressed dissatisfaction with prevailing business conditions. Mteto Nyati, MTN South Africa Chief Executive Officer stated that: “The Women in ICT – Partnership for Change Awards gives expression to the need to … Prior to joining Vodacom, he held several positions at MTN, including Group Executive for Corporate Services where his responsibilities included Legal, Regulatory, Company Secretariat and the MTN Foundation. Johannesburg – In a move to further strengthen its position in the enterprise business segment, MTN Group today announced the appointment of Debbie Minnaar, a former executive at IBM South Africa, as General Manager for Products and Services within its Group Enterprise Business Unit. Subscribe below and you will receive an email notification as soon as we post. He is the former chairman of the Presidents Big Business Working Group, Business Leadership South Africa, Business Trust, SA Tourism, Council of Wits University and Council on Higher Education. MTN Group president … This scheme enhances MTN’s commitment to the “One Group, One MTN” philosophy. Minnaar’s appointment is effective immediately. Help us learn with your expertise and insights on articles that we publish. Seven out of 10 senior South African business executives are dissatisfied with prevailing business conditions. Jacobus Petrus "Koos" Bekker (born 14 December 1952) is a South African billionaire businessman, and the chairman of media group Naspers. MTN Group Limited entered the telecommunications scene at the dawn of South Africa’s democracy, in 1994. We need a clear and determined uprising…. By browsing this website, you agree to our use of cookies South Africa’s terms of trade are also in good nick at the moment.Â, “South Africa’s terms of trade (including gold) improved further in the fourth quarter of 2020 as the rand price of exports of goods and services increased more than that of imports,” the SARB said.Â. This was the second time President Museveni was meeting Shuter since the MTN Uganda scandals came to public knowledge. COVID-19 Corona Virus South African Resource Portal. MTN Group Limited, formerly M-Cell, is a South African multinational mobile telecommunications company, operating in many African, European and Asian countries. MTN South Africa CEO, Godfrey Motsa, took home ZAR 15.6 Mn (USD 875 K) in remuneration in 2019, which included a ZAR 7.3 Mn (USD 409 K) salary and ZAR 6.8 (USD 381 K) Mn as bonus. MTN non-equity schemes for employees in non-listed operations outside South Africa. MTN has strengthened its executive team even further by appointing five new members in a bid to enhance operational efficiency across the operation and provide more in-depth commercial skills and experience. Sign up here or sign in if you are already an Insider. Ralph Mupita, the chief financial officer of mobile telecommunications company MTN, has been named South Africa’s CFO of the Year at the 2019 CFO Awards. These companies have, in turn, produced world-renowned executives like Alan Knott-Craig, Pieter Uys, Jeremy Ord, Bill Venter, and Koos Bekker. Everybody has an opinion but not everyone has the knowledge and the experience to contribute meaningfully to a discussion. When do we stand up and create our own Egyptian summer. View our comments policy here. MTN says the new executives will support the delivery of its "BRIGHT strategy". Supporting clinics in Yemen. Its head office is in Johannesburg. The MTN SA Foundation, in partnership with Trialogue, launched The MTN Awards for Social Change to encourage and reward good monitoring and evaluation (M&E) practice in the non-profit sector in 2019. Click here to see other benefits and to sign-up to our reader community supporting quality, independent journalism. Executive biographies – A brief summary of the executives’ employment history. MTN.ZA - key executives, insider trading, ownership, revenue and average growth rates. We use cookies to improve your experience on our website. Detailed company description & address for MTN Group Ltd.. MTN South Africa. In a country where the average salary in the formal sector is around R22,000 per month, these executive Nzuzi’s illustrious career has led him through Guinea-Conakry, South Africa (MTN Group), amongst seven other francophone countries. South Africa’s MTN must apologise to Nigeria as part of $1.7bn fine deal. With a proud history spanning 116 years, Macsteel Service Centres SA has developed and expanded to be AFRICA’S LEADING MANUFACTURER, MERCHANDISER AND DISTRIBUTOR OF STEEL AND VALUE ADDED STEEL PRODUCTS. It operates in South and East Africa (SEA), West and Central Africa (WECA), and the Middle East and North Africa (MENA). Demand removal of the identified criminals, reset our political landscape for the benefit of all. In a nutshell, the current account balance is a record of a country’s transactions with the wider global economy. 13 June 2016 / Camillus Eboh and Ulf Laessing, Reuters . Investec set to appoint ex-MTN, BofA executives to its Board. Uganda is the first country outside South Africa to host the largest gathering of top executives from the MTN Group and its subsidiaries from 24 countries. The economy of South Africa is the second largest in Africa. It’s also the case that declining imports can be a reflection of subdued domestic demand, and so the trade surplus can give a misleading picture of economic strength.Â, Rising oil prices, among other factors, could see a further narrowing of both the current account and the terms of trade.Â, “… in the context of an economy that is reopening, and higher oil prices globally, some further narrowing of this surplus seems inevitable,” Razia Khan, chief Africa economist at Standard Chartered Bank, told Business Maverick.Â, Still, overall, this can be viewed as a green shoot in an arid economic landscape. The company operates in 130 countries and is listed on the London Stock Exchange and Johannesburg Stock Exchange.It has the largest market capitalization of any … A Founding Member of the ruling New Patriotic Party, Isaac K. Sarkodie Boahin, has asked party followers who are busily canvassing support for their preferred presidential aspirants and party executives to rather channel their resources and energies to supporting President Akufo-Addo to brighten the … (Photo: Nadine Hutton/Bloomberg via Getty Images), “… in the context of an economy that is reopening, and higher oil prices globally, some further narrowing of this surplus seems inevitable,” Razia Khan, chief Africa economist at Standard Chartered Bank, told. Key employees – A list of the key executives of the company. Statistics South Africa (StatsSA) data on Thursday showed that mineral sales leapt almost 25% year on year in January. That’s what we want from our members. MTN is headquartered in Johannesburg, South Africa. MTN Uganda. MTN Cameroon. As of September 2020, MTN recorded 273.44 million subscribers, making it the ninth largest mobile network operator in the world, and the largest in Africa. There are many great benefits to being a Maverick Insider. MTN Irancell. The trade balance is a healthy R425.2-billion. ... Our CSI advisory services include presentations to boards and executives on CSI trends, developing company … Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. Turkcell sues MTN in South Africa for $4.2 billion in Iran damages ... Nhleko is one of South Africa’s most prominent executives, having led MTN through a … Consisting of 8 dynamic Business Units and operating from a strategic network of more than 50 … Tsholofelo Molefe joins MTN as Group CFO from Telkom South Africa December 14, 2020 admin Analysis & Features , News 0 MTN Group has announced the appointment of a new Group Chief Financial Officer (GCFO) as well as changes to the Company’s regional structure and the Group Exco to support the Group’s strategy execution, . Corporate governance highlights. Please note you must be a Maverick Insider to comment. MTN Uganda's clashes with security date back to July 2 when state operatives raided its data centre, in Mutundwe, a Kampala surburb. BM. MTN hires new group CTO, other top executives December 14, 2018 Siyabonga Mtangana Following the resignation of Babak Fouladi, MTN Group has appointed Charles Molapisi as its new chief technology and information officer, effecting 1 January 2019. MTN Syria. Mobile operator MTN on Friday announced a number of executive appointments at its African operations. Consisting of 8 dynamic Business Units and operating from a strategic network of more than 50 service centres, branches and warehouses, Macsteel supplies the entire Sub-Saharan geographic region with the broadest range of carbon steel, stainless steel, speciality steels, aluminium products and value added processes to all industry sectors. Of course, a strong rand can also make South African exports less competitive and this state of affairs can be eroded. Our people and their remuneration. Other data this week suggests the roots of recovery still need some watering.Â, While mineral sales remain positive, mining production remains in decline.Â, The StatsSA data revealed that mining production fell 6.2% year on year in January, while manufacturing production declined 3.4% on an annual basis in the same month. Marco Gagiano: Executive for Customer Value Management Effective immediately, Marco Gagiano will assume the role of Executive for Customer Value Management. By continuing your navigation, you consent to their use. Saki is a former member of the B20, the business section of the G20, Global Leader for Tomorrow of the World Economic Forum … Click here to view the profile of MTN Nigeria’s executives. This latter trend appears to have been maintained in the first month of 2021. MTN Ivory Coast. Service revenue in MTN Nigeria grew 172%, MTN Ghana was up 23%, and MTN South Africa was up 4.2%. South Africa’s reading in Q4 2020 was 119.7.Â, This in turn is supportive of the domestic currency and helps to explain the rand’s relative robustness last year. Big boost for KG Montjane as Macsteel donates custom wheelchair The aspirations of the South African internationally-ranked wheelchair player, Kgothatso…, Macsteel returns to work Macsteel welcomes the return to work of its employees this morning as the impasse between unionised…, Macsteel Media Statement Macsteel confirms that there is a protected strike, taking place today by employees who are primarily members…. Select which newsletters you'd like to receive, An employee counts mixed denomination rands at the Forex department inside a bank branch in Johannesburg. South Africa has produced world-class IT and telecommunications companies, including MTN, Vodacom, Dimension Data, Naspers, and Altron. The terms of trade is a ratio between export and import prices, with a reading above 100 indicating that the amount of capital flowing into the country via exports is higher than that leaving its shores in expenditure on imports. Get an overview of major world indexes, current values and stock market data. “While positive in Q4 2020, sustained private sector confidence is needed to make a difference,” Khan said. info@macsteel.co.za | +27 (011) 871-0000 | | |, Copyright © 2020 Macsteel | Website & SEO done by Engineered Media, 7 Brook Road, Boksburg, Gauteng, South Africa, Big Boost for KG Montjane as Macsteel Donate Custom Wheelchair, New approach adopted in uncertain steel market, Pandemic, economic challenges to shape industry direction. MAVERICK INSIDERS CAN COMMENT. We encourage different, respectful viewpoints to further our understanding of the world. On Wednesday 15th of April, top executives at South Africa’s Mobile Telecommunications Network (MTN) Group pledged nearly a third of their salaries and fees for the next three months to finance a 40 million rand ($2.2 million) emergency fund for staff affected by the coronavirus (COVID-19) pandemic.. New CEO Ralph Mupita was paid R31 million while MTN SA CEO Godfrey Motsa received R17 million. Gold sales lead the way, surging 71.6%. Governance.