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It has been an eventful year in South Africa, characterised by power cuts, parliamentary confrontations about wasteful expenditure and student fee protests. There has, however, been an elephant in the room that has impacted all these issues but enjoyed surprisingly scarce attention

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