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Cell C CEO Alan Knott-Craig suffered a minor stroke yesterday, the company said.
Cell C said Knott-Craig was recovering in hospital and was responding well to treatment.
Cell C chief commercial officer Jose Dos Santos will act as CEO.
In 2006, while CEO of Vodacom, Knott-Craig suffered his second heart attack. He was the founding CEO of Vodacom. He retired in 2008.
Since joining Cell C in April last year, Knott-Craig has been on a crusade to lower prices.
Last year, Knott-Craig sparked a price war that has led to a reduction in retail prices by all network operators.