finweek

COVER STORY | MTN is back

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article

After a difficult few years, MTN has come roaring back, more than doubling its market capitalisation in the last year.

While its share performance has brought the company back in line with historical valuations, the path ahead to a genuine rerating of the group remains challenging and will require faultless execution from management.

Investing is all about entry and exit points. Though shareholders holding MTN over five years would have reaped gains just shy of 20% in that time, anyone buying into a devalued MTN 12 months ago would have enjoyed a return of 150%. That seems like a startling rerating of the African telecommunications giant, and it reflects several tailwinds boosting its core business, in tandem with shrewd leadership.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
16.14
-1.3%
Rand - Pound
21.36
-0.4%
Rand - Euro
18.26
-0.4%
Rand - Aus dollar
11.30
-0.4%
Rand - Yen
0.14
-0.4%
Gold
1,783.48
0.0%
Silver
22.55
0.0%
Palladium
1,816.00
0.0%
Platinum
936.31
0.0%
Brent Crude
69.88
+0.3%
Top 40
64,307
-0.4%
All Share
70,808
-0.3%
Resource 10
66,503
-1.6%
Industrial 25
93,791
+0.1%
Financial 15
13,982
+0.7%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot