A planned sale of shares in Vodacom by the Public Investment Corp to black investors has been abandoned, according to two people familiar with the situation. The proposed sale by Africa’s biggest
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South African President Jacob Zuma is facing renewed calls for his removal as senior leaders of the ANC, including two cabinet ministers, blamed him and his closest supporters for the party’s worst electoral
MTN has taken an R88m bath on the sale of its 50% stake in Internet service provider Afrihost, the telecommunications group revealed alongside its interim financial results for the six months to June
MTN Group will consider raising its full-year dividend above forecasts if business conditions improve after the settlement of a record fine in Nigeria led to the first-ever half-year loss at Africa’s biggest mobile phone
MTN South Africa has appointed former OpenView HD head Maxwell Nonge as chief digital officer. In the new role, Nonge will be responsible for driving the telecommunications operator’s expansion in the media space
South African President Jacob Zuma will face renewed pressure to quit after partial election results showed his ANC losing outright control of the capital, Pretoria, and Johannesburg in its worst electoral showing since
MTN Group has, with the help of “external assistance”, begun a “deep and fundamental strategic review” of its operations and processes to ensure it is operating “far more optimally given the pressure on voice
The number of subscribers on MTN South Africa’s network declined by almost 3% in the past year to 29,8m, parent MTN Group revealed in its interim financial results for the six months ended June 2016. The prepaid and
MTN has hit a perfect storm of bad news in the first half of its 2016 financial year, with the telecommunications group warning that it will report a basic headline loss per share of between R2,55 and R2,85 on Friday when it
MTN Group shares gained the most in more than five weeks after Africa’s biggest mobile phone operator booked the full value of a 330bn naira (US$1bn) fine in Nigeria, drawing a line under a 10-month saga that