MTN South Africa is increasing its consumer post-paid subscription fees by an average of 5.1%. Voice tariffs are also rising.
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Communications minister Khumbudzo Ntshavheni said the cost to communicate in South Africa is “not decreasing at the pace that government wants”.
Options could include merging the business with other operators or selling a stake in the company.
Promoted | Despite the dual headwinds of load shedding and consumer inflation, 2023 has the potential to be a watershed year for telecommunications in South Africa.
MTN Group will invest the equivalent of R18-billion in Ghana over the next five years after the government exempted its Ghanaian unit from tax claims.
Telkom is again about to go through a painful retrenchments programme as it fights to contain costs in a tough macroeconomic environment.
Telkom could start the sale of a minority stake in its core fibre business by March as part of a slew of measures it announced to unlock value.
Telkom plans to raise R1-billion by the end of its financial year through the sale to external financial institutions of “qualifying receivables” related to upfront device sales.
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