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Finweek English Edition - - THE WEEK | LETTER FROM NIGERIA -

More MTN ex­ecs could

face axe

An­a­lysts stated that more se­nior ex­ecs at mo­bile net­work MTN might leave the com­pany. This fol­lowed the res­ig­na­tion of its CEO, Si­fiso Dabengwa, on 9 Novem­ber, af­ter MTN

was fined $5.2bn by the Nige­rian Com­mu­ni­ca­tions Com­mis­sion af­ter it failed to switch off 5.1m un­reg­is­tered

sim cards in a timely man­ner.

Uber, Wes­Bank in R200m

car rental deal

Driver-part­ners of in­ter­net rideshar­ing ser­vice Uber will have eas­ier ac­cess to cars fol­low­ing a R200m

agree­ment with ve­hi­cle finance provider, Wes­Bank, and FirstRand’s en­ter­prise devel­op­ment fund, Vumela. This part­ner­ship will al­low Uber driver­part­ners to rent cars from Wes­Bank as part of a three-year full main­te­nance lease pro­gramme, based on the driver

part­ners’ es­tab­lished earn­ings and qual­ity record. They also would need to have been with Uber for at least

three months.

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