Load-shedding cost MTN R695m in 2022
Extent of power outages grew into the second half, putting pressure on network availability and on the business in general
13 March 2023 - 09:05
MTN’s share price plunged more than a tenth on Monday, driven by the negative effects of load-shedding and resulting in lower than expected earnings at its SA business, with expectations of higher costs in the future.
“In SA, the extent of ongoing power outages [load-shedding] worsened into the second half and increased the negative impacts on network availability and pressure on the business,” CEO Ralph Mupita said on Monday in the company’s annual results for the year to end-December...
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