MTN upbeat over prospects
Telecommunications company says it has spent more on its network than its rivals for three successive years
After underperforming for several years, MTN’s South African business is growing profit margins and poised for a "strong" 2018, it said on Thursday. CEO of MTN SA Godfrey Motsa said the telecommunications company had spent more on its network than its rivals for three successive years, while it had also bolstered its executive committee with a series of strategic hires. Ster-Kinekor Theatres CEO Wanda Matandela would join in March 2018. Other recent appointments include South African Airways’s chief information officer, Phinda Ncala, former McDonald’s SA chief operations officer Nico Jacobs, and Giovanni Chiarelli, a former chief technology officer at Vodafone Romania. Motsa said 15 of MTN SA’s 18 executive committee members were recent additions. Enzo Scarcella, who joined as chief operating officer from Telkom, said MTN SA’s post-paid business was making "a very strong recovery" and was growing for the first time in several years. The company was reducing postpaid churn — the numb...
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