MTN BEE on indefinite hold

March 13, 2009

[ Johannesburg, 13 March 2009 ] - MTN employees expecting to join in MTN's black economic empowerment (BEE) deal may have to wait for quite a while.

Speaking at the company's annual results presentation yesterday, MTN CEO Phuthuma Nhleko said the company "decided not to ask shareholders to pull money from their savings until the markets stabilise".

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