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FX challenges: MTN plans to hike tariff in Nigeria to boost profitability

MTN is working with regulators across several markets, including Nigeria, to get approval to increase tariffs for voice and data.

South Africa s MTN flags 2023 profit slump on naira devaluation

JOHANNESBURG -Africa s biggest telecoms operator MTN Group flagged on Friday an up to 80% fall in full-year profit as a sharp devaluation in the Nigerian naira pushed its biggest unit MTN Nigeria to. -March 01, 2024 at 08:37 am EST - MarketScreener

Mnangagwa s ally takes control of ailing Tongaat Hulett

ED ally takes control of troubled Tongaat Hulett

A consortium led by President Emmerson Mnangagwa's ally Robert Gumede has taken control of financially troubled South Africa-headquartered sugar producer Tongaat Hulett. Tongaat Hulett, an agriculture and agri-processing business with interests in Zimbabwe through its local unit, focuses on sugarcane and maize.  Early this month Tongaat Hulett's business rescue practitioners confirmed that Gumede's Terris consortium…

Mnangagwa s ally Gumede takes control of ailing Tongaat Hulett – The Zimbabwe Mail

A CONSORTIUM led by President Emmerson Mnangagwa’s ally Robert Gumede has taken control of financially troubled South Africa-headquartered sugar producer Tongaat Hulett. Tongaat Hulett, an agriculture and agri-processing business with interests in Zimbabwe through its local unit, focuses on sugarcane and maize. Early this month Tongaat Hulett’s business rescue practitioners confirmed that Gumede’s Terris consortium…

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