MTN announces first annual loss in 20 years

Africa's biggest mobile phone operator MTN Group Ltd says 2016 financial results reflect the most challenging year in the company’s 22-year history.

Overall performance showed lower than expected growth in both South Africa and Nigeria.

MTN says it made a $200m loss in 2016.

TechCentral editor, Duncan McLeod, this is a result of changes in the business and company, as well as economic conditions in markets where it operates.

Listen to full interview with Duncan McLeod below for more information...

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
MTN, driving connectivity in Cote d'Ivoire

MTN, driving connectivity in Cote d'Ivoire

Nikiwe Bikitsha talks to MTN’s CEO about the mobile and technology space in Cote d'Ivoire.

MTN Nigeria shut down offices after protests

MTN Nigeria shut down offices after protests

Protests yesterday in Nigeria as a response to xenophobic sentiment within South Africa led to an attack on the MTN office there.

Data costs must be reduced - ICT Africa

Data costs must be reduced - ICT Africa

Ministers to meet with mobile operators and regulators to bring down data communication costs

Meet (outgoing) Old Mutual EM CEO Ralph Mupita (soon to be MTN’s CFO)

Meet (outgoing) Old Mutual EM CEO Ralph Mupita (soon to be MTN’s CFO)

The Money Show’s Bruce Whitfield interviews Mupita about his life and his exciting (and challenging!) new job at MTN.

MTN zakhele futhi deadline Friday

MTN zakhele futhi deadline Friday

Interested investors have until close of business on Friday 28 October to buy MTN shares.

Another chance to buy MTN's BEE Zakhele Futhi shares

Another chance to buy MTN's BEE Zakhele Futhi shares

Individuals and companies who qualify under South Africa's BEE codes are encouraged to grab the investment opportunity.

Popular articles
Ocean View protests Day 3: Police use water cannon to disperse crowd

Ocean View protests Day 3: Police use water cannon to disperse crowd

The community is demanding that the police act accordingly and remove gangsters from their community.

[LISTEN] Makhosi Khoza spills the beans on why she quit the ANC

[LISTEN] Makhosi Khoza spills the beans on why she quit the ANC

She says President Zuma was uncomfortable with her and her decisions which saw changes to the ANC and Motsoeneng ousted.

[Watch] Payday dance: Never a dull moment in Cape Town

[Watch] Payday dance: Never a dull moment in Cape Town

Even slow-moving traffic cannot dampen the mood in Cape Town because payday came early. Watch Capetonians celebrating payday.

KPMG International's meeting with Pravin Gordhan

KPMG International's meeting with Pravin Gordhan

The Money Show’s Bruce Whitfield interviews Pauli van Wyk, a journalist with Scorpio at Daily Maverick.

Ocean View activist speaks: We have had 20 murders in 2017 alone

Ocean View activist speaks: We have had 20 murders in 2017 alone

Sharone Daniels, a community activist in Cape Town's Ocean View says they need police intervention to end gang violence.

[WATCH] Day-Zero for water running out fast approaching?

[WATCH] Day-Zero for water running out fast approaching?

A government employee emailed John Maytham about what he or she believes is the real state of play with the Cape water crisis.