Browsing: Ralph Mupita

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.

Meta Platforms-backed submarine Internet super-cable, the 2Africa system that will eventually encircle the African continent, has landed in South Africa.

MTN Group’s third quarter pre-tax profit rose 14.7% year on year, supported by demand for its data and financial services.

MTN Group’s latest quarterly results show that its South African operation has taken market share from rivals, it said on Friday.

Once Telkom has concluded its deliberations with Rain, it’s possible – likely even – that the company will be back at MTN’s door.

MTN Group has settled $300-million in Eurobonds that were due in 2024 early, helping deleverage its balance sheet.

MTN Group has announced it is appointing the outgoing CEO of Icasa as chief of staff in the office of group CEO Ralph Mupita.