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CEO Ralph Mupita’s Board Backs Him Up, Despite Whispers of Favoritism

MTN Group’s board has given CEO Ralph Mupita a clean bill of health, despite allegations of favoritism and impropriety swirling around him. In a statement to shareholders, the board claimed that an investigation into Mupita’s conduct found no evidence of wrongdoing, and that the matter is now "closed".

But the controversy refuses to die down. A report by the Sunday Times last week claimed that an unspecified number of executives had threatened to resign over Mupita’s alleged favoritism towards a female executive. And Bloomberg News reported that nine executives had signed a memo backing Mupita, citing unnamed sources.

The board’s statement did little to quell the rumors, with many questioning the thoroughness of the investigation and the motivations behind the board’s decision to back Mupita. "It’s clear that the board is trying to sweep this under the rug," said one industry insider. "The real question is, what’s going on behind closed doors?"

The controversy has sparked a heated debate about the culture of favoritism and nepotism at MTN, with many calling for greater transparency and accountability. As the drama continues to unfold, one thing is clear: the fate of Mupita’s tenure as CEO hangs in the balance.

Stay tuned for more updates on this developing story!