An intensified dispute over control of two municipal pension fund investment mandates has escalated. The fund terminated its investment management mandates with Mergence Investment Managers, a Cape Town-based asset management company, citing material discrepancies. Legal actions and calls for a class action lawsuit have followed, with accusations of an improperly constituted Board and irregularities in the termination process.

MTN cuts capex in SA to R6billion
Reporting on its financial results, MTN said that the post-paid, enterprise, wholesale, digital and fintech segments all recorded good growth