Nigeria-listed MTN beefs up security after xenophobic violence | IOL Business Report

JOHANNESBURG – Mobile phone company MTN, the second-largest investor on the Nigerian Stock Exchange , on Tuesday beefed up security in South Africa following the sporadic xenophobic attacks that saw the looting of local and foreign-owned shops in Gauteng. MTN said it had increased security as a precaution following the violence in the country.

The attacks come just hours before South Africa hosts the World Economic Forum Africa edition in Cape Town today. MTN distanced itself from the violence and led the condemnation of the attacks of foreign-owned businesses in the country. In May, MTN Nigeria listed on the NSE, making MTN the first mobile network operator to list on the NSE.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Zimbabwe threatens to stop cross-border traffic with SA if xenophobic attacks continue | IOL Business ReportThe Zimbabwe Cross Borders Transport Association (ZCBTA) has warned that it will stop all South African cross-border transport.
Source: IOL - 🏆 46. / 51 Read more »

LISTEN: SA GDP expands 3.1% in second quarter | IOL Business ReportSouth Africa's economy grew by 3.1 percent in the second quarter of 2019.
Source: IOL - 🏆 46. / 51 Read more »

Sun International to review Sun City | IOL Business ReportGaming and hospitality group Sun International plans to conduct a comprehensive review of its flagship Sun City Hotel.
Source: IOL - 🏆 46. / 51 Read more »