• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

MTN Group Board Concludes Investigation into CEO Ralph Mupita, Finds No Misconduct

user avatar

by Giorgi Kostiuk

a year ago


  1. Investigation and Result
  2. Background to MTN's Leadership Crisis
  3. Letter from Ralph Mupita to Employees

  4. The board of directors of African telecommunications giant, MTN Group, has announced the conclusion of their investigation into CEO Ralph Mupita, finding no evidence of misconduct.

    Investigation and Result

    MTN Group's board has concluded its review of allegations against CEO Ralph Mupita, finding no evidence of improper conduct. The investigation began following claims of favoritism towards a female executive. After an independent law firm completed the review, the board expressed full support for Mupita and the company’s strategy.

    Background to MTN's Leadership Crisis

    At the start of the week, the Sunday Times reported that tensions at MTN Group's headquarters were rising due to allegations of favoritism and a lack of accountability by Mupita. Several executives threatened to resign in protest. It was reported that Mupita attempted to reassign functions under the purview of MTN South Africa's CEO to a female executive. The whistleblower's complaint also noted that a culture of fear existed within the company, leading to discussions at a board meeting earlier this year.

    Letter from Ralph Mupita to Employees

    Earlier this week, Ralph Mupita sent a letter to employees assuring them that MTN has governance processes in place to address employee matters, including those concerning senior leadership. He explained that the board is addressing these issues through the necessary processes.

    The board's conclusion should provide clarity on Ralph Mupita's leadership, resolve the leadership crisis, and restore investor confidence in the company.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ray Dalio Warns of Market Bubble Amid US Money Printing

chest

Ray Dalio warns of a potential market bubble due to US money printing, highlighting risks of high asset valuations and fiscal deficits.

user avatarLuis Flores

BRICS Nations Accelerate De-Dollarization Efforts

chest

BRICS nations are increasing gold purchases to reduce reliance on the US dollar, acquiring 166 tonnes in Q2 2025, marking a 41% increase above historical averages.

user avatarArif Mukhtar

RealFi to Launch Real Token, Connecting Real Estate Market to XRP Ledger

chest

RealFi is set to launch its Real Token on December 5, 2025, on a centralized exchange, connecting the real estate market to the XRP Ledger.

user avatarMaria Gutierrez

MEXC Launches STABLE Launchpad Event for Token Subscriptions

chest

MEXC launches STABLE Launchpad event, offering early access to 4 million STABLE tokens through two subscription pools with discounts up to 60%.

user avatarAndrew Smith

Bitcoin Surges Past 94,000 After Recent Crash

chest

Bitcoin's price rebounded impressively, briefly exceeding 94,000 after a significant drop earlier in the week.

user avatarDavid Robinson

PC Coin's Referral Rewards Program Encourages Community Growth

chest

PC Coin's Referral Rewards Program incentivizes users to expand the community by offering rewards for referrals.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.