MTN has confirmed that its\u00a0head of procurement, Edwin Mashilo, has tendered his resignation, and will leave the mobile operator at the end of the month.<\/p>\n
Business Day reported that\u00a0Mashilo was accused of failing to report procurement irregularities involving another executive, Eleanor Potter, who also left MTN in September, citing\u00a0insiders at the company.<\/p>\n
The paper said that Mashilo was accused of failing to report procurement irregularities involving another executive, Eleanor Potter, who left in September.<\/p>\n
The business daily put\u00a0Mashilo\u2019s golden handshake at close to R6 million, citing souces who said that the payment included four months salary, leave pay, pension and half of his MTN shares.<\/p>\n
MTN has a seen a number of executives leave the group under a cloud of controversy, sparked off in July when\u00a0chief financial officer and executive\u00a0financial director,\u00a0Nazir Patel<\/a>\u00a0resigned amid an internal investigation.<\/p>\n In August, MTN also waved goodbye to Eleanor Potter, GM for branded retail channel \u2014 responsible for the MTN retail outlets \u2013 also amid an investigation.<\/p>\n According to BusinessDay, the investigation was over a R120 million tender irregularity, while Potter also stood accused of putting data modems that were \u201cagainst network capabilities\u201d and \u201chad failed laboratory tests\u201d, to market.<\/p>\n MTN also suspended its chief corporate services officer in South Africa,\u00a0Robert Madzonga<\/a>, for\u00a0allegedly\u00a0authorizing\u00a0R12.3 million in questionable payments to a legal friend.<\/p>\n Business Day also noted that\u00a0\u00a0head of mergers and acquisitions and international business development Khumo Shuenyane, and group executive for business risk management and member of the tender committee, Ignatius Sehoole, had left MTN in\u00a0recent\u00a0months.<\/p>\n Shares in MTN declined R3.36 or 1.74% to R189.64 in afternoon trade on the JSE, having dropped several percentage points on Monday\u00a0after regulator, Icasa, announced plans to cut mobile termination costs dramatically.<\/p>\n MTN suspends another executive<\/strong><\/a><\/p>\n Suspended MTN exec linked to Pule: report<\/strong><\/a><\/p>\n Another day, another MTN scandal<\/strong><\/a><\/p>\n Why MTN CFO Nazir Patel resigned<\/strong><\/a><\/p>\n MTN reshuffles leadership in key markets<\/a><\/strong><\/p>\nMore on MTN<\/h3>\n