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Mxit CEO steps down

Alan Knott-Craig Jnr has stepped down from his position as CEO of mobile social network Mxit.

Knott-Craig said he and the shareholders had differed on strategy, and wished the company well.

CFO Francois Swart will act as CEO until a new appointment is made.

Mxit is reported to have over 10 million subscribers and is active in 128 countries.

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