MTN directors get windfall worth millions

The New Age reports that MTN's directors and new management team - led by group president Sifiso Dabengwa - received shares worth millions based on the performance of the company.
MTN directors get windfall worth millions

Dabengwa was given 111 600 shares valued at more than R15-million while other beneficiaries included Karel Pienaar, managing director of MTN South Africa who was given 24 200 shares valued at R3-million.

In August this year MTN announced that it managed to increase its subscriber base by 7,5% to more than 150-million throughout Africa and parts of the Middle East, while in South Africa, reports The New Age, the company's subscriber base was up for 5,1% to 19,8-million, equivalent to 35% of the local market. MTN currently operates in 21 countries in Africa and the Middle East.

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