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MTN South Africa CEO Farroukh Resigns Amid Declining Sales

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MTN Group Ltd. said Ahmad Farroukh, the chief executive officer of the wireless carrier’s South African unit, has resigned amid strikes and declining sales in the company’s second-biggest market.

“This was a difficult decision to take for Ahmad, but unavoidable due to personal and family reasons,” MTN CEO Sifiso Dabengwa said in an e-mailed statement on Monday, without giving further detail. The resignation is effective July 31, the company said.