Audio By Carbonatix
MTN SA CEO Ahmad Farroukh has resigned, the MTN Group said on Monday.
He will leave the company at the end of July, less than a year into his job.
"This was a difficult decision to take for Ahmad, but unavoidable due to personal and family reasons," MTN Group president and CEO Sifiso Dabengwa said.
Mr Farroukh’s resignation comes during a protracted strike at MTN SA, the group’s second-largest network operator. Employees have been on strike since the end of May demanding better wages and bonuses.
Mr Farroukh joined MTN in 2006, with the acquisition of Investcom and has held several roles during his tenure with the group.
Business Times reported on Sunday that Mr Farroukh had announced his resignation plans at a meeting in June, but that his proposal had not been officially accepted.
The strike has affected some services at the company. However, MTN SA’s chief human resources officer, Themba Nyathi, told Business Day on Sunday that the company’s core network had remained operational and stable.
He admitted, however, that service and product channels had been harmed. Mr Nyathi also denied allegations that two major corporate clients had terminated, or were on the verge of terminating, their contracts with MTN as a result of service delivery disruptions caused by the strike.
Mr Nyathi said several strikers had returned to work in the past two weeks.
About 400 employees, mainly at call centres and warehouses, continued to stay away. The Communication Workers Union initially demanded a 16% guaranteed bonus and 10% wage increase, but president Clyde Mervin on Friday said that the union was willing to accept an 8% bonus, payable immediately rather than in two tranches, and that the 10% wage increase was negotiable.
Latest Stories
-
Return to bond market on gradual basis – IMF to government
3 minutes -
Activist Felicity Nelson brings Christmas comfort to Accra Police cells
12 minutes -
Obuasi Bitters Luv FM Nite with the Stars Thrills Kumasi on Christmas Eve
12 minutes -
4 banks including one state bank remain severely undercapitalised – IMF
31 minutes -
Police arrest 28-year-old with 98 parcels of suspected cannabis in Tamale
36 minutes -
Does Goldbod owe BoG US$214m, or has BoG lost US$214m? A policy and financial risk analysis
3 hours -
US Congressman says airstrikes first step to ending killings in Nigeria
3 hours -
Afenyo-Markin urges NPP to move from talk to action after 2024 election loss
3 hours -
Ghana’s 69th Independence Day Concert in UK to be held on March 7 – Sleeky Promotions
4 hours -
BoG’s international reserves could cross $13bn by end of 2025
4 hours -
Afenyo-Markin urges discipline, unity as NPP prepares for 2026 flagbearer primary
4 hours -
Haruna Iddrisu demands tough sanctions for officials implicated in galamsey
5 hours -
‘Opoku-Agyemang is very capable of leading the country’ – Haruna Iddrisu
5 hours -
Precision strikes hit terrorist targets as Nigeria, U.S. strengthen security cooperation
5 hours -
Trade Minister confident of continued gains in 2026
5 hours
