Zuma and Buhari to meet over MTN fine: report

President Jacob Zuma and Nigerian President Muhammadu Buhari are expected to meet at the Forum on China-Africa Co-operation in Johannesburg this week to discuss MTN’s R75 billion fine, the Sunday Times reported.

The Nigerian Communications Commission (NCC) recently imposed a fine of 1.04 trillion naira (around R74 billion) on MTN Nigeria, sending the company’s share price plunging.

The fine was imposed because MTN Nigeria did not disconnect 5.1 million subscribers as required by the country’s SIM registration rules.

MTN’s executive chairman Phuthuma Nhleko is in negotiations regarding the fine, and according to reports Buhari would make the final decision regarding the fine.

The Sunday Times reported that the South African government “has been unwilling to confirm or deny its involvement in the MTN matter”.

The full report is available in the Sunday Times of 29 November 2015.

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Zuma and Buhari to meet over MTN fine: report