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MTN rethinks new subsidiary board formation

The JSE noted the MTN Group announced that MTN will not establish a new board that was supposed to handle its international operations which was to be handled by former CEO Phuthuma Nhleko. MTN issued a abrupt statement saying that a subcommittee of the board was appointed to investigate this matter.

The new board was to be situated in Dubai, later to be called MTN International while the group head office is located in South Africa. The former CEO Nhleko had no involvement in this decision.