JOHANNESBURG, March 7 Africa's biggest mobile
phone operator MTN Group said on Tuesday that Mteto
Nyati, the chief executive of its South African unit, will be
resigning on March and will be replaced by Godfrey Motsa on the
Motsa is currently a vice president of the South and East
Africa region at MTN Group, and has more than 10 years of
experience in the mobile telecoms industry.
Motsa was previously CEO of Vodacom in Lesotho and the
Democratic Republic of the Congo, and more recently Chief
Officer Consumer Business Unit at Vodacom SA.
MTN Group reported a $108 million annual loss last week, its
first in two decades, hit by a regulatory fine in Nigeria and
unfavourable currency moves.
MTN agreed to pay a fine of 330 billion naira ($1.1
billion), reduced from $5.2 billion, in June last year after a
prolonged legal battle to end a dispute in Nigeria over missing
a deadline to cut off unregistered SIM cards.
(Reporting by Nqobile Dludla; Editing by James Macharia)