Citywire reports on the contested termination of the Mergence Investment Managers investment mandates by a major pension fund, now under legal review and reported to the FSCA. A Section 26 notice was issued to the fund’s administrator, citing an improperly constituted board of trustees. This notice, served before the termination of the Mergence mandates, adds validity to the Mergence claim.

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