Sector: Telecommunications
The company is available at Interactive Brokers
MTN Group Limited (JSE:MTN) is an emerging market mobile operator with a clear vision to lead the delivery of a bold, new digital world to its customers. The group is inspired by its belief that everyone deserves the benefits of a modern connected life. The group operates four divisions:
MTN Consumer
Connecting people and communities across the Middle East and Africa through voice and data services, changing lives for the better in a bold new digital world.
Business
Driving agility and growth through connectivity, communication and collaboration solutions over world-class ICT infrastructure, as a committed partner to SMEs, corporates and the public sector.
Rich Media Services
MTN Digital Services develops platforms that will expose and leverage its connectivity and payment capabilities and foster an ecosystem to help drive local innovation.
The group rolls this out in three key focus areas:
Messaging – Launching an advanced instant messaging and communications platform that will form the basis of a broader super app and integrated messaging, servicing and transaction ecosystem.
Media – Drive a range of entertainment offerings by building on MusicTime to expand its SmartTime based service offerings to other media segments including video and gaming.
Mobile Advertising – Continue the roll-out of the advertising platform across its SSA markets and pursue third-party relationships to build the mobile advertising eco-system in Africa
Mobile Financial Services
Enabling people to make financial transactions using their cellphones, and bringing them entertainment and online shopping through investments in mobile platforms, apps and online ventures.
Semi-Annual values ($m)
Change (y/y)
FCF ($m)
Net Debt / Cash and Equivalents ($m)
EV / EBITDA
Potential dynamics
PayShap is coming to MTN’s Mobile Money platform through a partnership with Investec and Electrum.
2024-04-24 08:54 +02:00
Telkom shareholders will soon vote on a plan to sell the group’s towers and masts to a consortium led by private equity firm Actis.
2024-04-22 10:17 +02:00
TechCentral chats to two South African biohackers about why they have voluntarily installed microchips in their bodies.
2024-04-17 15:49 +02:00
South African banks, telecoms operators and companies in other sectors are increasingly turning to satellite technology.
2024-04-16 13:42 +02:00
The Internet Service Providers’ Association has raised concerns about the planned cuts in fixed call termination rates.
2024-04-16 09:29 +02:00
MTN has expanded MoMo’s remittance network by adding 25 new wallet corridors across 10 African countries.
2024-04-15 14:06 +02:00
Telkom is hiking prices across many of its retail and small business products, including fibre and DSL internet services.
2024-03-28 13:59 +02:00
Mike Silber is joining MTN as group executive for regulatory affairs, effective 1 April.
2024-03-28 12:29 +02:00
Telecel Group has bought two West African units from MTN Group as it scales operations ahead of a future listing.
2024-03-28 11:14 +02:00
Cell C has improved, but MTN and Vodacom still dominate network experience ratings in the latest OpenSignal report.
2024-03-27 11:25 +02:00
MTN intends asking for regulatory support in the form of industry-wide tariff increases for voice and data services in Nigeria.
2024-03-25 10:54 +02:00
MTN Group increased its fintech transaction volumes by a third in its latest financial year.
2024-03-25 10:36 +02:00
Africa’s biggest telecommunications operator on Monday reported a 72.3% tumble in full-year profit.
2024-03-25 07:56 +02:00
Icasa has proposed slashing mobile and fixed call termination rates by as much as 83% over the next 16 months.
2024-03-22 12:33 +02:00
Telkom has reached an agreement sell Swiftnet in a deal that gives the towers unit an enterprise value of R6.75-billion.
2024-03-22 07:33 +02:00
Private equity firm Actis is in talks to buy Swiftnet, the mast and tower business owned by Telkom, sources said.
2024-03-20 13:58 +02:00
User reliance on legacy 2G and 3G networks is constraining the ability of network operators to migrate to newer technologies.
2024-03-20 13:48 +02:00
Among other transactions, Remgro is fighting to get approval for a multibillion-rand fibre deal with Vodacom.
2024-03-19 10:59 +02:00
Mobile operators have multiple partnerships with satellite service providers to test the various uses of the technology.
2024-03-13 10:59 +02:00
A team of seven telecoms specialists has completed a “connectivity tour” through Africa that started at MWC in 2019.
2024-03-01 13:31 +02:00
MTN’s two most important operating units have embarked on a programme to modernise their core networks.
2024-03-01 12:53 +02:00
MTN Group has warned it expects its headline earnings per share for the 2023 financial year to plunge by up to 80%.
2024-03-01 09:09 +02:00
The deal with Mastercard expands the breadth of MTN’s Mobile Money services across 13 African markets.
2024-02-29 10:10 +02:00
Satellite broadband is years away from mass adoption, but direct-to-mobile is just over the horizon.
2024-02-27 15:24 +02:00
Banking group Absa said the time is ripe for African fintech firms to consider public listings at home.
2024-02-22 09:15 +02:00
The popularity of airtime advances is growing as consumers come under mounting financial pressure.
2024-02-20 12:12 +02:00
Vodacom has decided to take its fight with Nkosana Makate, “inventor” of the “please call me” service, to the constitutional court.
2024-02-06 17:00 +02:00
Mastercard has acquired a minority stake in MTN Group Fintech, valuing the business at almost R100-billion.
2024-02-06 08:23 +02:00
MTN will support community policing forums to fight rampant theft and vandalism of equipment at its base stations.
2024-02-05 10:18 +02:00
Vodacom Group, including Safaricom, has topped 200 million customers for the first time – doubling from 100 million in 2018.
2024-02-02 09:57 +02:00
Senior management changes have been announced at MultiChoice Group and MTN South Africa.
2024-02-01 18:02 +02:00
MVNO Melon Mobile hopes to use AI to improve its customisation capabilities in a competitive cellular market.
2024-01-31 11:43 +02:00
MTN South Africa has announced aggressively priced data plans aimed at supporting MultiChoice’s newly relaunched Showmax.
2024-01-23 10:36 +02:00
Thabi Leoka, the businesswoman accused of lying about her academic qualifications, has quit the board of MTN South Africa.
2024-01-23 07:06 +02:00
Tower operator IHS and its second largest shareholder, Wendel, have reached an agreement on corporate governance matters.
2024-01-16 12:54 +02:00
Competition to deliver satellite mobile broadband connectivity from space is intensifying.
2024-01-09 15:26 +02:00
Ericsson is growing a fintech business that enables mobile payments across the developing world.
2024-01-09 09:54 +02:00
Telkom on Monday renewed a “cautionary notice” to investors, saying it remains in exclusive talks with a preferred bidder.
2024-01-08 15:57 +02:00
Executives at MTN Group have received millions of rand in shares as part of the firm’s performance share plan.
2024-01-03 14:50 +02:00
MTN Group has launched multiple satellite trials across Africa with Starlink, AST SpaceMobile and Lynk Global.
2023-12-19 12:56 +02:00
Foreign investor interest in Ethiopia’s telecommunications sector is cooling, sector experts have said.
2023-12-19 08:19 +02:00
MTN South Africa is hiking prices for post-paid customers from 1 February.
2023-12-14 12:05 +02:00
MTN has effectively slashed the price of prepaid mobile data, launching a new plan that offers large data bundles at aggressive prices.
2023-11-30 10:03 +02:00
Telkom has asked Icasa to postpone its next spectrum auction until 2025 because it’s worried it can’t afford to participate.
2023-11-21 20:15 +02:00
Telkom, which has already turned off its 2G network, will likely switch off 3G services soon, too.
2023-11-21 14:37 +02:00
Satellite providers are helping telecoms operators connect rural and remote communities on the African continent.
2023-11-15 10:26 +02:00
Health start-up Kena Health has taken top honours at the 2023 MTN Business App of the Year awards.
2023-11-10 13:22 +02:00
Voice revenues generated by South Africa’s mobile operators are still sliding, new figures from MTN suggest.
2023-11-07 15:30 +02:00
MTN Group hopes to exit Afghanistan soon, with Guinea-Bissau, Guinea-Conakry and Liberia likely next to be sold.
2023-11-07 15:22 +02:00
Melon Mobile has become the latest South African telecoms provider to make voice calls effectively free of charge.
2023-11-07 10:52 +02:00
MTN South Africa’s margins remain under pressure as the company invests in making its network resilient against load shedding.
2023-11-07 08:26 +02:00
MTN Group has revised its estimate of unrealised foreign exchange losses in Nigeria.
2023-10-30 13:07 +02:00
JSE-listed MTN Group said it’s reviewing a demand by a Nigerian tribunal for unpaid taxes.
2023-10-25 18:04 +02:00
MTN South Africa has launched MTN Fibre, offering aggressive fibre broadband prices.
2023-10-16 09:59 +02:00
Eskom chairman Mpho Makwana will step down at the end of the month and will be replaced in the role by Mteto Nyati.
2023-10-09 19:24 +02:00
FirstRand has announced big management changes, including a new CEO to replace Jacques Celliers at FNB.
2023-10-04 15:22 +02:00
MTN is spending up to R5-billion dealing with the negative impact of higher levels of load shedding on its network.
2023-10-04 10:06 +02:00
SpaceX will partner with e-commerce firm Jumia Technologies to expand its Starlink satellite broadband services in Africa.
2023-10-02 10:26 +02:00
MTN South Africa is venturing ever further into territory traditionally occupied by the country’s banks.
2023-09-28 19:28 +02:00
Melon Mobile, the mobile virtual network operator, has introduced eSim support to its offering.
2023-09-27 08:40 +02:00
Capitec Connect is the latest to challenge South Africa’s mobile incumbents with a cut-price prepaid data plan.
2023-09-20 11:11 +02:00
MTN SuperFlex allows customers to choose how much data they want, coupled with unlimited minutes and SMSes, from R299.
2023-09-15 08:27 +02:00
Low-Earth orbit satellites promise to connect every corner of the planet. But could they also threaten mobile operators?
2023-09-13 12:00 +02:00
Blue Label Telecoms, which is seeking control of Cell C, plans to bring in a new strategic investor into the mobile operator.
2023-09-12 11:09 +02:00
Repairs to the cable Ace, one of three subsea systems that broke off Africa’s western coastline, are under way.
2023-09-11 14:25 +02:00
MTN Group said American Tower Corporation will take over its Nigerian tower operations from IHS Holding from 2025.
2023-09-08 10:46 +02:00
MTN South Africa has appointed Tumi Chamayou as chief enterprise business officer with effect from October.
2023-09-05 16:50 +02:00
Vodacom and MTN are in a fight to deliver the best mobile network experience in South Africa, OpenSignal said.
2023-08-31 11:35 +02:00
MTN South Africa said it contributes R76-billion, 17 times its profit, to South Africa’s economy.
2023-08-28 16:12 +02:00
New Cell C CEO Jorges Mendes has called on Icasa to continue to skew call rates in the company’s favour.
2023-08-28 11:49 +02:00
MTN South Africa has expanded embedded Sim support to its prepaid customers.
2023-08-25 09:14 +02:00
Telkom appears to need more time than it anticipated to conclude a deal to sell its tower assets.
2023-08-24 13:19 +02:00
MTN South Africa is pushing deeper into financial services, offering funeral cover to South African consumers.
2023-08-24 10:31 +02:00
Vodacom and MTN want big internet firms to contribute a “fair share” for carrying data traffic over their networks.
2023-08-17 13:40 +02:00
MTN South Africa is targeting 99% network availability during stage-6 load shedding, the CEO of parent MTN Group said.
2023-08-17 10:18 +02:00
MTN Group is seeking as many as three more strategic investors in addition to Mastercard for its fintech unit.
2023-08-15 15:10 +02:00
South African mobile phone operator MTN is launching services allowing users to send cash abroad and businesses to accept payments via an app as it pushes further into the country`s rapidly growing fintech space.
2023-09-28
South Africa`s MTN has agreed to sell a minority stake in its mobile money arm to payments giant Mastercard, it said on Monday, in a bid to expand its African fintech business.
2023-08-14
The South African government is close to announcing a deal with partly state-owned telecoms firm Telkom, communications minister Mondli Gungubele said on Tuesday, quashing speculation the government might sell its 40% stake in the company.
2023-07-25
South Africa`s Telkom said on Friday it had rejected an offer led by its former CEO to buy a majority stake in country`s third biggest telecoms company, sending its shares down 7%.
2023-07-07JOHANNESBURG (Reuters) -South Africa`s Telkom could start the sale of a minority stake in its core fibre business by March, it said on Tuesday, as part of a slew of measures it announced to unlock value and shore up profits, pushing its shares up 7%.
2023-02-14South Africa-listed gold miner Gold Fields on Thursday said it is disputing tax payments demanded by the Ghana Revenue Authority (GRA) after an audit and is working with the tax authority to resolve the matter.
2023-02-02MTN South Africa and MTN GlobalConnect, in partnership with a consortium, have landed a 45,000 kilometre subsea cable in South Africa, part of plans to build a subsea network to connect African countries to Europe and the Middle East.
2022-12-13
South Africa`s cabinet on Friday approved a new board of directors at struggling state-owned power utility Eskom, after electricity outages reached record levels this year.
2022-09-30
South African mobile operator MTN Group said on Thursday its first-half earnings surged 46.5% and it had received a $35 million binding offer for its Afghanistan business, nearing an exit of the Middle East.
2022-08-11
South African mobile group MTN is in talks to buy smaller rival Telkom in a stock or cash-and-shares deal that would leapfrog market leader Vodacom Group.
2022-07-15
JOHANNESBURG (Reuters) -South African mobile group MTN is in talks to buy smaller rival Telkom in a stock or cash-and-shares deal that would leapfrog market leader Vodacom Group.
2022-07-15
* Likely to face push back from regulators (Adds context, analysts)
2022-07-15
* Launching in Ethiopia later this year (Recasts with new services growth targets)
2022-05-16
South African mobile operator MTN Group said on Friday first quarter pretax profit rose 21.1% year-on-year, supported by service revenue growth amid demand for data and financial services.
2022-05-13DURBAN (Reuters) -A devastating flood in South Africa`s eastern coastal province earlier this week has left at least 341 people dead, the government said on Thursday, as rescuers continued to hunt for missing people amid forecasts of yet more rains from Friday.
2022-04-14
Residents of South Africa`s coastal province of KwaZulu-Natal were picking up the pieces on Thursday after one of the worst floods in recent history ravaged the area, killing more than 300 people and displacing hundreds.
2022-04-14
South Africa`s MTN Group said on Friday it has opposed a court application by rival Telkom SA seeking to halt a spectrum auction, in bid to prevent further delays to a process that has been stuck in a bureaucratic and legislative maze for years.
2022-01-07
South Africa`s Telkom is seeking an urgent court order to prevent telecoms regulator ICASA holding a spectrum auction in March, which would further delay the country`s rollout of 5G and expansion of 4G capacity already held back by legal action.
2022-01-05
South African Breweries (SAB), part of Anheuser-Busch InBev, said on Tuesday it was looking at making COVID-19 vaccinations mandatory for staff across its operations, the latest company in South Africa to consider such a move.
2022-01-04Africa`s biggest telecoms service provider MTN Group said on Monday that it would be enforcing mandatory COVID-19 vaccinations for its employees from January, the latest company in South Africa to issue a vaccine mandate.
2021-12-06JOHANNESBURG (Reuters) -South Africa`s MTN Group Ltd said on Thursday it would exit Yemen, as Africa`s largest mobile operator pursues a plan to leave the Middle East and focus on core operations.
2021-11-18
South Africa`s MTN Group Ltd said on Thursday it would exit Yemen, as Africa`s largest mobile operator pursues a plan to leave the Middle East and focus on core operations.
2021-11-18
South Africa`s telecoms regulator, ICASA, said on Wednesday it will license provisional radio frequency spectrum to prevent any connectivity disruptions while it finalises a permanent auction, which has been mired in court battles.
2021-11-10
* Vodacom also buys S.African fibre network firm (Adds deal details, separate fibre deal)
2021-11-10
MTN Group Ltd will begin book-building this month for a public offer to sell up to 575 million shares in its Nigeria business, South Africa`s biggest telecoms operator said on Thursday, as it reported higher third-quarter revenue and core profit.
2021-11-05
(Reuters) -Africa-focused Tullow Oil Plc on Monday named Phuthuma Nhleko, former boss of South African telecoms company MTN Group, as chairman-designate.
2021-10-25South Africa`s two biggest mobile operators, MTN and Vodacom, have joined number three Telkom in a lawsuit to stop the regulator withdrawing temporary frequency spectrum assigned at the start of the COVID-19 outbreak.
2021-10-18
South Africa`s Telkom on Wednesday called on regulator ICASA to create new spectrum licensing auction rules that were "fair and transparent", after the watchdog consented to a court order declaring the previous process flawed.
2021-09-08
South African telecoms regulator ICASA said on Tuesday it would comply with a court order and halt a long-delayed spectrum licensing auction after failing to reach a settlement with mobile operators.
2021-09-07
South Africa`s third-biggest telecom company Telkom said on Wednesday it has appointed the head of its consumer business, Serame Taukobong to be group Chief Executive Officer designate with effect from Oct. 1.
2021-08-04
ABUJA (Reuters) -Nigeria`s revenue service said on Thursday it had told banks to freeze the accounts of units of pay-TV group MultiChoice to recover $4.4 billion, in the latest tax dispute between a South African-based company and Nigerian authorities.
2021-07-08South Africa`s mobile and broadband operator MTN Group has selected five partners to launch an open radio access network (OpenRAN) in Africa to expand 4G and 5G services more quickly and cheaply, it said on Wednesday.
2021-06-16MTN`s service in Nigeria could be disrupted as a result of rising insecurity in different parts of the country, the local unit of South Africa`s telecoms group said on Tuesday.
2021-06-15
South Africa`s telecoms regulator said on Friday the ongoing negotiations with two companies over litigation related to the government`s proposed spectrum auction will be resolved by the end of August.
2021-06-11
South Africa`s MTN Group will bid again for an Ethiopia operating telecom licence in the second round if mobile financial services are included, its CEO said on Friday after losing the first round.
2021-06-04Mobile operator MTN Group on Wednesday posted a near 18% jump in first-quarter revenue, led by a double-digit growth in commercial operations across South Africa, Nigeria and Ghana.
2021-05-05Ethiopia`s finance ministry said on Monday it had received two bids, from South Africa`s MTN and a consortium including Kenya`s Safaricom, for new telecoms operating licences.
2021-04-27Many Africans who have received their first COVID-19 vaccine do not know when they will get a second shot because deliveries are delayed, the continent`s top public health official said on Thursday.
2021-04-15NAIROBI (Reuters) -Many Africans who have received their first COVID-19 vaccine do not know when they will get a second shot because deliveries are delayed, the continent`s top public health official said on Thursday.
2021-04-15South African mobile operator MTN Group is considering spinning out its fibre and financial services units and potentially list one of them to unlock value trapped in its core business, the company said on Wednesday.
2021-03-10South African mobile operator MTN Group on Wednesday suspended its final dividend as it focuses on faster debt reduction at its holding company even after posting a surge in 2020 earnings.
2021-03-10
South Africa`s telecoms regulator ICASA will appeal a court order restraining it from proceeding with auctioning much needed-spectrum, it said on Tuesday.
2021-03-09South Africa`s high court on Monday ordered telecoms regulator ICASA to halt an auction of radio frequency spectrum licences pending a hearing on contentions raised by operator Telkom and broadcaster e.tv.
2021-03-09MTN Group remains committed to negotiating a $65 million sale of its 75% stake in its Syrian unit, the South African mobile operator said on Sunday, despite the business being placed under judicial guardianship last week.
2021-02-28
South Africa`s MTN Group said on Friday it intended to appeal a ruling from the Administrative Court of Damascus to place the company`s Syrian business under judicial guardianship and was also considering other steps.
2021-02-26
South Africa`s telecoms regulator on Monday pushed back the announcement of the qualifying bidders for its long-awaited auction of new spectrum by a month to March 23, just a week before the sale had been due to be completed.
2021-02-22The African Union (AU) will not be "walking away" from AstraZeneca`s COVID-19 vaccine but will target its use in countries that have not reported cases of the variant dominant in South Africa, the head of its disease control body said on Thursday.
2021-02-11
South Africa`s telecoms regulator said on Friday it will challenge a court application by MTN Group seeking to review or scrap the regulator`s auction process for awarding spectrum vital for rolling out 5G technology.
2021-01-29South African mobile network operator MTN Group has asked the Gauteng High court to scrap or review the telecom regulator`s auction process for awarding spectrum vital for rolling out 5G technology.
2021-01-29South African President Cyril Ramaphosa on Wednesday urged businesses to help fund the continent`s COVID-19 vaccine rollout and asked more countries to support an initiative to waive intellectual property rules affecting vaccine production.
2021-01-28Uganda`s communications regulator ordered telecoms operators in the country to suspend all internet gateways from Wednesday evening until further notice, South African telecoms company MTN Group said.
2021-01-14
A conspiracy theory linking 5G mobile telecommunications masts to the spread of the coronavirus is baseless and fake, South Africa`s telecom regulator said on Monday after towers in KwaZulu-Natal province were torched last week.
2021-01-11About three telecommunications towers belonging to Vodacom and MTN were burnt this week following a resurgence in conspiracy theories which link the emergence of COVID-19 to 5G technology, South Africa`s communication minister said on Thursday.
2021-01-08
* ICASA to hold country`s first-ever spectrum auction by end March
2020-09-30NTT Pro Cycling have named their eight riders to take part in the 2020 Tour de France, including debutants Max Walscheid of Germany and South African national champion Ryan Gibbons.
2020-08-18
* H1 HEPS more than double, beat analyst estimates (Adds Jumia sale plans, fresh CEO quote)
2020-08-06
South Africa`s telecom operator Telkom has branched into the competitive space of financial services by launching a life insurance business that it said will initially sell funeral insurance.
2020-08-02
South Africa`s rand slumped to a new three-week low in an emerging market rout on Friday as investors` hopes for a global recovery were dented by a sharp contraction in the U.S. economy.
2020-07-31
JOHANNESBURG (Thomson Reuters Foundation) - Tens of thousands of South Africans have written complaints to the government over a new policy that would let mobile networks build cellphone infrastructure like 5G towers on private land, which they say could devalue their property.
2020-07-31South Africa`s MTN Group expects first-half sales to double, beating analyst estimates, the company said on Friday, sending its shares up more than 7%.
2020-07-24
* First-half headline earnings per share expected to be up 100%
2020-07-24Vodacom Group plans to create a `super app` in partnership with digital payment provider Alipay, part of China`s Alibaba group , to allow consumers in South Africa to shop online, pay bills and send money to family from next year.
2020-07-20
South Africa`s telecoms regulator ICASA said on Thursday it is preparing to issue an invitation to apply (ITA) for high demand spectrum and the Wireless Open Access Network (WOAN), a significant step towards the rollout of 5G across more of the country.
2020-07-02
South Africa`s MTN is branching into the online shopping space by providing its customers with the option to pay for online purchases using mobile money payment instead of a bank card.
2020-06-29
* Original complaint: https://afghanistan.terrorismcase.com/wp-content/uploads/2019/12/2019-12-27-001-COMPLAINT.pdf
2020-06-06
South Africa`s third-biggest telecom operator, Cell C, plans to hive off assets into a new special purpose vehicle (SPV), the country`s competition watchdog said on Thursday, as part of a plan to restructure the company`s debt.
2020-05-21
South African telecoms company Cell C plans to hive off some assets into a new special purpose vehicle called Gatsby, the country`s competition watchdog said on Thursday, adding that it has approved the plan subject to conditions.
2020-05-21
* Postpones issuing medium-term guidance due to COVID-19 uncertainty
2020-05-11
South Africa`s MTN Group said on Thursday it has asked a U.S. court to dismiss a case filed against it in December accusing the telecoms company of paying protection money to militant Islamist groups in Afghanistan.
2020-04-30
A South African state-owned bank that lends to the farms sector said on Friday it had defaulted on payments on two bond programmes worth a combined 50 billion rand ($2.63 billion), highlighting the weakness of state enterprises in the country.
2020-04-24
A South African state-owned bank which lends to the agricultural sector said on Friday it had defaulted on payments on two bond programmes worth a combined 50 billion rand ($2.62 billion), highlighting the weakness of state enterprises in the country.
2020-04-24
South Africa`s MTN , Vodacom and Telkom have been granted additional emergency spectrum to deal with a spike in data demand during the coronavirus outbreak, the country`s telecoms regulator said on Friday.
2020-04-17
* Short-term debt, no repayments due in 12 months (Adds details)
2020-04-16
South Africa`s Vodacom Group will spend more than 500 million rand ($27 million) over two months to increase network capacity as traffic surges across its mobile and fixed networks during the national lockdown.
2020-04-15
Shares in South African mobile phone company MTN Group leapt as much as 18% on Thursday, helped by signs Saudi Arabia and Russia may be ready to cooperate to stabilise the oil market after a slump in prices.
2020-04-02
South Africa is considering giving telecoms companies increased spectrum, or airwave capacity, as millions of people switch to home working, testing networks and driving up data traffic, the communications minister said on Wednesday.
2020-03-25
South Africa`s rand weakened on Wednesday as another bout of risk aversion dragged emerging market currencies lower, with investors fretting over the impact of the coronavirus and opting for safe-haven assets.
2020-03-11
South Africa`s rand weakened early on Wednesday as another bout of risk aversion dragged emerging market currencies lower, with investors fretting over the economic impact of the coronavirus and opting to move money to safe-haven assets.
2020-03-11
South African telecoms firm Vodacom Group has agreed to reduce the cost of its data offerings by as much as 40%, following a finding that the country`s mobile data prices were the highest on the continent, the watchdog said on Tuesday.
2020-03-10South Africa`s Grand Parade Investments (GPI) Ltd said on Wednesday it will sell its 95.36% stake in Burger King franchise and all of Grand Foods Meat Plant to ECP Africa Fund for 697 million rand ($46.53 million).
2020-02-19South Africa`s MTN Group expects full-year headline earnings to rise as much as 50%, it said on Tuesday, still a slowdown from the previous year due to one-off items including interest on regulatory fines in Nigeria.
2020-02-11Vodacom Group expects to offer 5G mobile services to its South African customers this year by using a network being built by another African operator Liquid Telecom, Vodacom Chief Executive Shameel Joosub said on Tuesday.
2020-02-04
MTN South Africa relaunched its mobile money service on Thursday, more than three years after ditching a similar offering, as it bets on improved technology to attract millions of South Africans who have limited access to banking services.
2020-01-30South African telecoms company Telkom SA told unions on Wednesday it could cut up to 3,000 of more than 15,000 staff as it struggles with declining performance in fixed voice and fixed data services.
2020-01-15
South Africa`s rand advanced on Tuesday, holding on to gains from previous sessions triggered by a global investor hunt for high yields and optimism over a breakthrough in trade standoff between China and the United States.
2019-12-31South African telecoms firm MTN on Monday said it was reviewing allegations raised in a U.S. complaint which accuses several firms of paying protection money to militant Islamist groups in Afghanistan.
2019-12-30
* See complaint here: https://afghanistan.terrorismcase.com/wp-content/uploads/2019/12/2019-12-27-001-COMPLAINT.pdf (Updates with G4S comment in 6th paragraph)
2019-12-30
* See complaint here: https://afghanistan.terrorismcase.com/wp-content/uploads/2019/12/2019-12-27-001-COMPLAINT.pdf
2019-12-30
