MTN falls the most in two years as it nears deal with potential fintech investors
CEO Ralph Mupita says SA networks are in a crisis situation and beyond power outages are having to deal with vandalism of sites linked to battery theft.
16 December 2022 - 07:06
Increased load-shedding and an ongoing national power crisis overshadowed news on Thursday that MTN remains on track to possibly close a deal with investors for its financial services business in the first quarter of 2023. Its share price fell the most since December 2020, with sector rivals Vodacom and Telkom also taking a knock.
The group has been working on a plan to unlock value from its various businesses, including a separation of the financial technology (fintech) unit, its fastest growing new area of business. ..
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