Deputy President Paul Mashatile is set to meet captains of industry amid an energy crisis that’s stifling economic growth and souring investor sentiment.
Browsing: Ralph Mupita
MTN Group is planning price increases in certain markets, as Africa’s largest wireless carrier battles with inflationary pressures.
MTN Group is in advanced talks with Axian Group to sell some of its West African markets, sources say.
MTN Group CEO Ralph Mupita earned almost R15-million less last year than he did in 2021, but still walked away with R69.3-million in remuneration.
Mobile operators including Vodacom, MTN and Telkom, are scrambling to ensure their networks stay up and running.
Government has given assurances that the electricity grid won’t be allowed to collapse. Yet increasing numbers of businesses are preparing for that very eventuality.
MTN Group said Eskom’s woes cost its South African operation R695-million in Ebitda in the 2022 financial year.
South Africa risks becoming a “failed nation state” unless government resolves the energy, corruption and unemployment crises, said Ralph Mupita.
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.
MTN Group plans to start a dispute resolution process if talks with Ghanaian authorities over a surprise back-tax bill it received last week fail.