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MGX financial director quits


Johannesburg, 17 Sep 2002

MGX financial director Rory Shirley has resigned.

The group said in a brief announcement last night that Shirley would remain with MGX until the end of November.

This was to ensure a smooth handover, it said.

According to the announcement, Shirley has decided to "pursue opportunities outside of the group".

MGX was in the news recently after the sale of Software Futures to Paracon collapsed when the parties failed to reach agreement over price.

MGX has said it will hold onto the software development operation despite the fact that it is not a core business.

The MGX share, which lost 14c or 3.4% to close at 401c on the JSE yesterday, regained the 14c to trade at 415c late this morning.

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