MTN is “cautiously optimistic” that it has turned the corner in its South African operation after reporting 400 000 net subscriber additions in July. That’s the word from group chief financial officer Brett Goschen, who made the
MTN’s group president and CEO Sifiso Dabengwa and group chief financial officer Brett Goschen sat down with journalists following publication of the mobile operator’s interim 2014 financial results for the six months to end-June. In this edited extract from the press conference, listen as Dabengwa and Goschen
Ask 10 people what they think about Africa’s rising cities and you get 10 different opinions. The only thing they will agree on is that traffic is awful. In truth, 52 cities with more than a million inhabitants are becoming a magnet for innovation, with echoes of the industrial revolution. Take a look at sub-Saharan Africa, the region with the highest number
Business confidence has hit a 15-year low, according to the South African Chamber of Commerce and Industry’s (Sacci’s) business confidence index (BCI) for July. The index declined from 89,7 in June to 87,9 in July. This is the lowest level since the index stood at 86,9 in September 1999
Government delays in issuing a final policy on high-demand radio frequency spectrum, needed for mobile operators to deploy broadband infastructure, has started affecting the quality of MTN’s network in some
Telecommunications group MTN has lifted its interim dividend by 20,3% to 445c/share after reporting a strong earnings and revenue performance outside its home market of South Africa. Profit margins – measured before interest, tax, depreciation and
SABC chief operating officer Hlaudi Motsoeneng should not be punished for a lie he told 19 years ago, the broadcaster said in court papers, according to The New Age on Thursday. SABC board chair Zandile Tshabalala denied that the broadcaster and communications minister Faith Muthambi rewarded “malfeasance” when permanently appointing
MTN’s South African operation has again borne the brunt of the price war in the mobile industry, with its revenue in the six months to June slumping by 7% and its profit margin, measured before interest, tax, depreciation and amortisation, sliding by 1,5 percentage points. The poor numbers were exacerbated by steep cuts earlier this
Overall, Vodacom and Telkom Mobile have South Africa’s best post-paid mobile plans, new data from telecommunications research firm Tarifica claims to show. Virgin Mobile scored bottom of the list, coming in in fifth place overall behind Cell C and MTN, but MTN failed to emerge as the winner in even a single category. The Tarifica scores
The Development Bank of Southern Africa (DBSA) has signed a R1,4bn contract with the European Investment Bank to support development of a solar power project in the Northern Cape, it said on Wednesday. “We are encouraged by the EIB’s trust and confidence towards our investment strategy in supporting SA’s power