After a rocky 12 months, shares in MTN, which recently chose to pay down its debt instead of giving out dividends, are trading at levels last seen before SA went into lockdown in March last year.

On Wednesday, Africa’s largest mobile operator said it had opted to hold on to its final dividend for 2020, further warning shareholders not to expect an interim dividend in the current year as it battles to reduce debt amid uncertainty from Covid-19...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now