Op-Ed: Anchor Capital on how to make money out of equities in the aftermath of the global market collapse
Anchor Capital reviews asset classes across major geographies, with a focus on equities.
South Africa’s MTN Group said on Wednesday its chairman, chief executive, chief financial officer and directors have pledged 30% of their board fees and salaries for the next three months towards a 40 million rand ($2.15 million) emergency fund for its staff.
Africa’s largest telecoms company believes charity begins at home. As such it’s launched a R40 million emergency fund for its staff struggling with some of the challenges of COVID-19. This is part of a broader R250 million relief package the company announced today. MTN Group CEO, Rob Shuter spoke to CNBC Africa for more.
Africa's largest telecoms company says it's monitoring the impact of Covid-19 lockdowns in its key markets, which include South Africa and Nigeria. It’s also grappling with the crash in the oil price which has soured investor sentiment towards the stock. MTN CFO, Ralph Mupita joins CNBC Africa for more.
Telkom’s share price took a knock as did MTN’s after Africa’s largest mobile operator said it would reduce the price of its monthly bundles of 1GB and below by between 25 to 50 per cent. Telkom is the only remaining listed mobile operator that has not yet responded to the Competition Commission’s recommendations to lower data prices. MTN SA CEO, Godfrey Motsa joins CNBC Africa for more.
South Africa’s MTN has agreed to reduce the cost of its monthly data bundles of 1 gigabyte (GB) and below by between 25% and 50% from April, following a finding that the country’s mobile data prices were the highest on the continent, the telecoms firm said on Friday.
Uganda Stock Exchange has dropped 60 per cent in February and in other news, MTN has agreed to a $100 million USD in taxation and listing 20 per cent of its shares on the Uganda Stock Exchange. This is part of the discussion for it to be issued a 14 year long-term operation license. Analyst, Charles Bwogi joins CNBC Africa for more on Uganda’s market.
MTN reported muted revenue growth laying the blame on consumers being in a current difficult position. CNBC Africa's Fifi Peters spoke to MTN CFO, Ralph Mupita, about a way forward for the company and how they dealing with regulators pushing for cheaper prices.