MTN South Africa CEO, Ahmed Farroukh has resigned while the 7-week MTN strike over pay and bonuses carries on.
Speaking to Xolani Gwala on 702's Afternoon Drive, Tech Central Editor, Duncan McLeod explained that MTN South Africa has gone through a number of CEOs in the last 5 years, which is a sign of instability at the top of the company.
MTN has been caught off guard in an increasingly competitive South African telecommunications market over the past two years, and has lost significant market share to Cell C in the last 24 months.
Business Day reports that Farroukh's short tenure at the helm of SA’s second-largest mobile operator has been bumpy.
McLeod explains that the biggest motivating factor for the CEO's resignation was the strike, in light of reports about Farroukh's family being concerned for his safety.
Listen to the rest of the interview with Tech Central Editor below: