PIC flexes muscles to force MTN shakeup

MTN’s biggest shareholder is pushing for changes at Africa’s largest mobile-phone company to avoid the regulatory, legal and political disputes that have cut its share price by more than half over the past four years.

Mcebisi Jonas to replace Phuthuma Nhleko as MTN chair

MTN appointed former South Africa Deputy Finance Minister Mcebisi Jonas as chairman to replace Phuthuma Nhleko, who plans to step down from Africa’s biggest wireless carrier in December.