MTN Zakhele shareholders felt the impact of the MTN Nigeria fine scandal on Thursday, with the share taking a 26% hit before it had even begun trading on the JSE. After the kudu horn was blown by board chair Sindi Mabaso-Koyana, MTN Zakhele became the first empowerment
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Finance minister Nhlanhla Nene had not discussed the MTN-Nigeria crisis with a counterpart in Nigeria because a cabinet in that country had not yet been appointed, minister in the presidency Jeff
The recent US$5,2bn fine issued against MTN does not affect the cordial relations between South Africa and Nigeria, with government hopeful that talks between the mobile network and Nigerian authorities will bear fruit, a senior cabinet minister has said
Is MTN getting dual-Sim phone religion, leaving Vodacom, the market leader, as the only operator with an aversion to such devices? It appears the operator is at least toying with the idea, announcing on Thursday that it would range the new, high-end Huawei Mate S
MTN has dominated headlines for all the wrong reasons since news of the Nigerian fine hit the headlines last Monday. The company’s share price fell by more than 22% in the week that followed. There has been a lot of criticism directed at management for this mess as it appears to have
The US$5,2bn fine levied against MTN in Nigeria for allegedly failing to disconnect 5,1m Sim cards in time for a regulatory deadline may result in a parliamentary probe in South Africa into whether
MTN said on Tuesday after markets closed that it will proceed with the listing of MTN Zakhele, the telecommunications group’s broad-based black economic empowerment scheme, as planned this
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In the first bit of good news for MTN after what has been a week from hell for the JSE-listed telecommunications group, the Nigerian Communications Commission (NCC) has approved the renewal and extension of its operating spectrum licences in two key spectrum bands
Africa’s biggest mobile network, MTN, could have avoided a US$5,2bn fine in Nigeria, but regulators in that country have also been harsh on the company. This is according to Dobek Pater. who is a director and analyst at telecoms, IT and media research firm Africa