MTN bosses donate portion of salaries towards COVID-19 relief package for staff

PUBLISHED: Wed, 15 Apr 2020 16:56:03 GMT
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JOHANNESBURG (Reuters) – South Africa’s MTN Group said on Wednesday its chairman, chief executive, chief financial officer and directors have pledged 30% of their board fees and salaries for the next three months towards a 40 million rand ($2.15 million) emergency fund for its staff.

The contributions are part of its 250 million rand relief package to tackle the coronavirus outbreak across its 21 markets.

The mobile network operator will also contribute 10 million rand to a support fund set up by government and 150 million rand will be invested in the Y’ello Hope Package for its customers, that includes free SMS services and discounted calling during off-peak periods.

($1 = 18.5946 rand)

(Reporting by Nqobile Dludla; editing by Olivia Kumwenda-Mtambo)

This article was first published on Reuters Africa https://af.reuters.com/article/investingNews/idAFKCN21X1HM-OZABS and is republished with its permission.

For more coverage on COVID-19 visit: https://www.cnbcafrica.com/covid-19/

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