MTN flags a network pickup, and SA gets some good investment news

MTN managed to please the market with an update saying it is seeing signs of inflation stabilising in key markets, while the JSE reached another milestone in its battle for more listings.said on Tuesday revenue in its nine months to end-September climbed about 9% to R156 billion. But it was under pressure, falling almost 5% in reported terms, amid currency pressures, notably a devaluation of Nigeria's naira. Group core profit rose almost 3% for the nine months, while subscribers grew 1.

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The Finance Ghost: The market lowdown on MTN, beer, Sasfin and WoolworthsA share price chart for MTN is something you need a strong stomach for. Thus far in 2023, the share price has lost nearly 30% of its value. That’s even worse than Telkom (down 26%) and a lot worse than Vodacom, which has lost 16% this year. It’s a sea of red for telecoms. A share price chart for MTN is something you need a strong stomach for.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »

MTN South Africa 'tracking well' in tough marketMTN South Africa’s margins remain under pressure as the company invests in making its network resilient against load shedding.
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