MTN is back! And taking on WhatsApp and Spotify…

I wish we were dominant in South Africa. But we’re number two after a much stronger player dressed in red…

Rob Shuter, Group CEO - MTN

MTN declared a final dividend of 325 cents per share on Thursday when it released its results for the year ending on 31 December 2018.

Earnings before interest, tax, depreciation and amortisation is up more than 15% while headline earnings per share grew by 85% from 182 cents to 337 cents.

MTN has 16 million more subscribers than it had in the previous reporting period.

MTN says it’s taking on instant messaging and music streaming in the coming year.

The Money Show’s Bruce Whitfield interviewed Rob Shuter, Group CEO at MTN.

Listen to the interview in the audio below (and scroll down for more quotes from it).

Nigeria is one of our two core markets… We’ve built a great business there… We’ve had a few setbacks… but we’ve resolved our issues with the central bank…

Rob Shuter, Group CEO - MTN

The tax collectors in Nigeria… we have no disputes with them. The Attorney General maintains we should’ve paid more than we have… it’s nonsense…

Rob Shuter, Group CEO - MTN

We think the country is on a better trajectory…

Rob Shuter, Group CEO - MTN

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : MTN is back! And taking on WhatsApp and Spotify…


Recommended

by NEWSROOM AI
Read More
Bidvest releases good results. Increases dividends by 10.6%

Bidvest releases good results. Increases dividends by 10.6%

Lindsay Ralphs, CEO at Bidvest, discusses the company's results, released on Monday.

Best JSE and offshore shares to buy this week (by Luthuli Capital)

Best JSE and offshore shares to buy this week (by Luthuli Capital)

Mduduzi Luthuli, co-founder and Executive Director at Luthuli Capital, shares his stock picks of the week.

Edcon (owner of Edgars, Jet and CNA) to close a third of its stores

Edcon (owner of Edgars, Jet and CNA) to close a third of its stores

Edcon - employer 40 000 people - is in a desperate fight to survive. Bruce Whitfield interviews Grant Pattison, its CEO.

RocoMamas in South Africa causes Spur to wobble

RocoMamas in South Africa causes Spur to wobble

The Money Show’s Bruce Whitfield interviews Pierre Van Tonder, CEO at Spur Corporation.

The mighty Shoprite is struggling

The mighty Shoprite is struggling

Africa’s largest retailer released disappointing results on Tuesday. Bruce Whitfield interviews its CEO, Pieter Engelbrecht.

Sasol results boosted by oil price, rand and victory in tax dispute with Sars

Sasol results boosted by oil price, rand and victory in tax dispute with Sars

The Money Show’s Bruce Whitfield interviews Bongani Nqwababa, joint-CEO at Sasol.

Popular articles
Beware 'dodgy' Nadal vs Federer ticket offers

Beware 'dodgy' Nadal vs Federer ticket offers

The Roger Federer Foundation says no ticket platforms are yet in possession of, nor have guaranteed allocation of tickets.

[WATCH] Mzansi's Ndlovu Youth Choir headed for AGT's live shows!

[WATCH] Mzansi's Ndlovu Youth Choir headed for AGT's live shows!

The choir that is stealing America's hearts is headed to the next round of America's Got Talent.

[LISTEN] Voice of the underworld - a 'retired' Cape Flats gangster speaks out

[LISTEN] Voice of the underworld - a 'retired' Cape Flats gangster speaks out

Jason is a 50-year-old former member of The Americans, the largest street gang operating in Cape Town.

Shark attack: 'I saw a cloud of blood in the water'

Shark attack: 'I saw a cloud of blood in the water'

Joao Felizardo helped rescue his surfer buddy Dusty Phelan after a shark bit him across both his legs in Port Alfred.

'Batchelor was once close to Mikey Schultz and self-confessed Kebble killers'

'Batchelor was once close to Mikey Schultz and self-confessed Kebble killers'

Journalist and author Mandy Wiener describes former footballer Marc Batchelor's links to alleged underworld figures.

How Christo Wiese became the richest in SA, and how it all came crashing down

How Christo Wiese became the richest in SA, and how it all came crashing down

The Money Show’s Bruce Whitfield interviews TJ Strydom, author of “Christo Wiese - Risk And Riches”.

'I should have told the Sunday Times the pot smoking was irrelevant'

'I should have told the Sunday Times the pot smoking was irrelevant'

Investigative journalist Jacques Pauw says he's sorry for any harm caused in his article on Mkhwebane and her principal witness.

South Africans held in Syria went there to join Isis - Trac

South Africans held in Syria went there to join Isis - Trac

Intelligence and terrorism expert Jasmine Opperman says there are seven women and about 15 children held in Syrian camps.

[WATCH] Over 50 artists record special version of Johnny Clegg’s  “The Crossing”

[WATCH] Over 50 artists record special version of Johnny Clegg’s “The Crossing”

For this week's #GoodNewsThursdays, we find out the inspiration behind the production.