SIM-swap victims mull legal action against banks

2017-04-24 13:24

A man who lost R1.8m from his bank account is part of a growing group of outraged clients gearing up for a legal fight with banks.

Competition watchdog throws out complaint against Vodacom, MTN

2017-04-18 17:28

The Competition Commission will not prosecute a complaint lodged by Cell C against Vodacom and MTN over anti-competitive conduct.

MTN paid Nhleko R72.2m for 2016 leadership role

2017-03-30 19:23

MTN awarded executive chairperson Phuthuma Nhleko R72.2m in pay and bonuses last year after he negotiated a reduced fine with Nigerian regulators.

MTN awards new SA CEO R8m in shares

2017-03-10 13:59

Mobile network MTN has awarded the new CEO for its South African unit millions of rands in shares as part of its performance plan.

MTN SA boss quits to join Altron

2017-03-07 17:59

Current MTN South Africa chief executive and former Microsoft managing director, Mteto Nyati, is joining technology group Altron as its new CEO.

MTN suffers first financial loss in 20 years

2017-03-02 09:32

Mobile network MTN says 2016 was its “most challenging” year ever as it reported its first annual loss in 20 years.

Telecom giant MTN lists 2016 losses from Nigeria fine, forex

2017-02-28 10:20

African telecommunications giant MTN is warning shareholders to expect big losses caused by a $1bn regulatory fine in Nigeria, damaging foreign exchange rates and a South African black empowerment share offering

Top Africa stories: MTN, Mugabe, Gambia

2017-02-24 19:59

Mobile operator MTN has shut down its head office in Abuja after protesters against xenophobic attacks in SA tried to storm it, and all is set for President Mugabe's birthday bash.

Top Africa stories: Mugabe, SA, Nigeria

2017-02-23 20:22

Zimbabwean President Robert Mugabe says he doesn't want to lead a party of thieves, and alleged anti-xenophobic protesters have attacked offices of an SA company in Nigeria.

MTN axes agreement with Australian bank

2017-02-16 10:50

MTN Group will look for new ways to bring banking services to its customers’ mobile phones in South Africa after severing ties with Australian-owned partner, Tyme.


Remittances to Africa set to double

2017-04-23 07:30

WorldRemit, a British money transfer operator, sees revenue from transactions involving Africans doubling by 2020 as more people on the continent access payment platforms via mobile devices and as expatriates send cash home.

Banks, Eskom, Transnet and MTN cut to junk status

2017-04-12 06:01

Fitch Ratings has downgraded Absa, Nedbank, FirstRand, Standard Bank, Investec, Eskom, Transnet and MTN to BB+ or junk status.

Mteto to run the rule over Altron's fortunes

2017-03-26 12:03

After more than half a century as a family business, the ailing company has reached out to an outsider to turn it around and focus on its future.

MTN mulls first rand-bond sale in 7 years on Nigerian woes

2017-03-07 20:08

MTN is gauging investor interest for its first sale of rand-denominated bonds in seven years as Africa’s largest mobile-phone operator struggles to repatriate earnings from its Nigerian business.

MTN cleans house

2017-03-05 06:00

Embattled cellphone company records its first loss in 20 years as the effect of its bungled Nigerian operations finally reaches its bottom line.

MTN inches closer to listing in Nigeria

2017-03-02 07:02

Africa’s biggest mobile-phone operator is moving closer to a listing on the Nigerian exchange, a move that could help it regain goodwill among Nigerians.

Nigerian fine continues to weigh on MTN

2017-02-27 11:41

A Nigerian regulatory fine, foreign exchange losses and losing money from digital investments are key reasons behind MTN’s losses, the company said.

Nigeria summons SA ambassador over anti-immigrant violence

2017-02-23 21:19

Nigeria says it had summoned South Africa's top diplomat to register its fears about a fresh wave of violence against immigrants near Johannesburg and Pretoria.

Telkom considers $1bn bid for Cell C - sources

2017-02-21 19:52

Telkom is considering a bid of as much as $1bn for wireless operator Cell C, which has missed debt payments and is trying to complete a recapitalisation, according to people familiar with matter.

MTN close to Iran pact

2017-02-12 06:01

MTN is closing in on an agreement with the Iranian government to acquire a 49% stake in a state-owned internet provider as it seeks to expand in a fast-growing yet politically challenging market, according to two people familiar with the matter.

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