http://www.engineeringnews.co.za
R/€ = 16.04 Change: -0.47
R/$ = 13.88 Change: -0.45
Au 1279.70 $/oz Change: -0.60
Pt 881.50 $/oz Change: -3.98
 

Topic

Exxaro appoints new chairperson

By: Marleny Arnoldi     15th June 2018 JSE-listed coal and heavy minerals miner Exxaro has appointed Jeffrey van Rooyen as independent nonexecutive chairperson.  

MTN aims to launch mobile service in Namibia around August

By: Reuters     13th June 2018 MTN Group, Africa's biggest mobile telecoms firm, is aiming to launch a mobile service in Namibia around the end of August, a company executive told Reuters. Currently state-owned operator MTC dominates in Namibia, a country of two-million people. 

Uganda's telecoms regulator to probe MTN on mobile money policies

By: Reuters     31st May 2018 Uganda's telecommunications regulator said on Wednesday it was setting up a committee to investigate the local unit of South Africa's MTN Group after uproar on social media about its mobile money policies. This week dozens of MTN's subscribers in Uganda took to Twitter to accuse it of making it... 

MTN announces Ghana IPO

By: Creamer Media Reporter      29th May 2018 Telecommunications giant MTN’s Ghana subsidiary Scancom, or MTN Ghana, has launched its initial public offer (IPO) with the intention of listing on the Ghana Stock Exchange (GSE). The listing formed part of the localisation requirement as part of the awarding to MTN Ghana of a fourth-generation... 

Telecoms group responds to call to support youth employment

By: Natasha Odendaal     18th May 2018 South African telecommunications giant MTN Group is committing to the creation of 1 000 first job experiences for youth across its South African businesses and head office within the first year of the implementation of President Cyril Ramaphosa’s Youth Employment Service (YES). The business-led... 

Strong first-quarter results delivered

By: Natasha Odendaal     18th May 2018 As telecommunications giant MTN Group continues to pursue its local listing ambition in Nigeria, the West African operation has shown positive momentum in the first quarter of the year. The group last week published MTN Nigeria’s first quarter financial results ahead of the planned initial public... 

MTN’s Iran headaches return as US reimposes economic sanctions

By: Natasha Odendaal     9th May 2018 In the wake of fresh US sanctions against Iran, telecommunications group MTN will remain alert to the challenges of continuing the repatriation of its cash from 49%-owned MTN Irancell. The US on Tuesday withdrew from the multilateral Joint Comprehensive Plan of Action (JCPOA) agreement and... 

MTN’s subscriber base, revenue grow in Q1

By: Marleny Arnoldi     3rd May 2018 Mobile network operator MTN’s subscribers increased by 1.9% quarter-on-quarter with net additions of 4.1-million in the first quarter of this year, while active MTN mobile money users increased by 3.9% quarter-on-quarter to 22.7-million.  

MTN commits to creating 1 000 jobs in support of the YES initiative

By: Creamer Media Reporter      25th April 2018 Telecommunications company MTN Group has committed to the creation of 1 000 jobs within the first year of the Youth Employment Service (YES) initiative. President Cyril Ramaphosa last month launched the initiative – a business-led collaboration with government and labour which aims to empower... 

SABC says COO being finalised

By: African News Agency      16th January 2018 The appointment of the chief operating officer at the South African Broadcasting Corporation (SABC) is soon to be finalised as per the high court order on appointment of executives at the public broadcaster, the SABC board said on Tuesday. “The board wishes to state for the record that it has... 

Phone company MTN assigns its long dated shareholder loan to IHS Holding

By: African News Agency      29th December 2017 Mobile phone company MTN said on Thursday it had, through MTN Nigeria Towers, assigned its shareholder loan of approximately $231-million, which was due in 2024/25, to IHS Holding. The group said the agreement allowed MTN Nigeria to continue to invest in its network more efficiently, and further... 

Biggest African phone-tower firms said to be mulling 2018 listings

By: Bloomberg     8th December 2017 Three of Africa’s largest telecommunication towers companies plan to pursue share sales in either London or New York early next year, taking advantage of high industry valuations to fund expansion, according to people familiar with the matter. Closely-held IHS Towers, targeting an enterprise... 

Benin government requests MTN Benin CEO to leave the country

By: Natasha Odendaal     17th November 2017 The Benin government has ordered MTN Benin CEO Stephen Blewett to leave the country within seven days. Blewett, who has lived in the country since 2015, on Friday received official notification to exit the country by November 24 on the basis of his alleged engagement in “activities detrimental to... 

MTN appoints new Seagha region VP

By: Anine Kilian     6th October 2017 MTN has appointed Ebenezer Asante VP of its expanded Southern, East Africa and Ghana (Seagha) region. The new Seagha region will comprise the mobile operations in Ghana, Uganda, Rwanda, Zambia, South Sudan, Botswana and Swaziland, as well as the MTN Internet service providers in Kenya, Namibia... 

BBBEE Commission initiates investigation into 17 companies for possible fronting 

By: Creamer Media Reporter      8th August 2017 Investigations have been initiated by the Broad-Based Black Economic Empowerment (BBBEE) Commission against 17 firms for possible fronting practices. Any of the entities found to be in violation of the BBBEE Act in terms of ownerships structures and noncompliance with the Codes of Good Practice... 

World's biggest tax bill is latest worry for African gold miner

By: Bloomberg     27th July 2017 It was supposed to mark a fresh start for the African business of the world’s biggest gold producer. In November 2014, African Barrick Gold would get a new name and new management to distance itself from a troublesome past and disputes with local politicians. Less than three years later, things... 

Anglo said to have bids in for New Largo from Seriti

By: Bloomberg     22nd May 2017 Anglo American has received bids for its New Largo project, in South Africa, as the company continues efforts to exit operations in the country that supply coal to local power plants, according to two people familiar with the process. Seriti Resources, which agreed last month to buy thermal coal... 

Rwandan authority fines MTN subsidiary $8.5m

By: Creamer Media Reporter      17th May 2017 The Rwanda Utilities Regulatory Authority has fined MTN Rwanda $8.5-million owing to its noncompliance with directives prohibiting the inclusion of MTN Rwanda in the MTN South and East Africa information technology hub, based in Uganda. MTN Rwanda is studying the notification of the fine and says... 

MTN Group to buy 40% stake in Iranian broadband provider for R540m

By: Anine Kilian     8th May 2017 Telecommunications giant MTN Group on Monday signed a nonbinding preliminary agreement to invest R540-million into Iranian fixed broadband provider Iranian Net for a 49% stake in the company. Further investments of R3.4-billion in both equity and loans will also be made over the next five years... 

MTN reports upward swing in Q1 revenue

By: Natasha Odendaal     3rd May 2017 Telecommunications giant MTN Group on Wednesday reported an improved first-quarter operational performance as it works to recover from significant losses in 2016. The JSE-listed group delivered increases in revenue across several operations during the three months to March 31, with significant... 

Masimong said to lead bid for Anglo's South African coal mines

By: Bloomberg     30th March 2017 Masimong Minerals has emerged as the favourite to win an auction for some of Anglo American’s South African coal mines, according to two people familiar with the matter. Led by South African Chamber of Mines President Mike Teke, Masimong has edged ahead of Phembani Group, the other shortlisted... 

Anglo's South African coal bidders said to consider listings

By: Bloomberg     15th March 2017 The two main bidders for Anglo American’s South African coal mines plan to list their companies if they are successful in buying the operations, according to three people familiar with the plans. Phembani Group, founded by MTN Group chairperson Phuthuma Nhleko, and Masimong Minerals are seen as... 

MTN appoints executive for group transformation 

By: Natasha Odendaal     3rd February 2017 Telecommunications giant MTN on Friday announced the immediate appointment of Saim Yaksan as executive for group transformation, following the launch of holistic transformation programme Ignite in the third quarter of 2016. Yaksan will be tasked with the development and execution of special... 

MTN simplifies tower ownership structure

By: Megan van Wyngaardt     1st February 2017 Telecommunications giant MTN Group will exchange its 51% interest in Nigeria Tower InterCo, the parent company of INT Towers, the Nigerian telecoms tower operator, for an additional shareholding in IHS Holding. As a result, MTN’s economic interest in IHS Group will increase from 15% to 29%, with... 

Anglo shortlists bidders for some South African coal mines

By: Bloomberg     19th January 2017 Anglo American has shortlisted groups led by some of South Africa’s most prominent black businessmen as bidders for several of its South African coal mines as it focuses on diamonds, platinum and copper, two people familiar with the discussions said. Groups selected by Anglo include companies led... 

MTN Zakhele Futhi to close this week

By: Creamer Media Reporter      22nd November 2016 The final implementation of the 2016 edition of MTN’s new black economic empowerment scheme, MTN Zakhele Futhi, has started, with the expectation that it will close this week. MTN Zakhele Futhi opened to qualifying black investors and groups in September, with the public offer raising some... 

MTN tests Facebook-designed Voyager platform

By: Creamer Media Reporter      2nd November 2016 South African mobile operator MTN Group has deployed and tested the open optical packet transport platform Voyager, with indications that operators could now install a network at a lower cost. The group, working with Telecom Infra Project (TIP), field-tested the Voyager next-generation technology... 

MTN launches new R9.9bn BBBEE transaction as Zakhele winds up

By: Natasha Odendaal     22nd August 2016 As JSE-listed MTN Group unwinds its six-year-old empowerment vehicle, MTN Zakhele, work is under way to establish a new R9.9-billion broad-based black economic-empowerment (BBBEE) transaction to fulfill core targets. The new special purpose vehicle, MTN Zakhele Futhi, owning an equity ownership... 

MTN prepares for Nigeria listing 

By: Natasha Odendaal     28th July 2016 JSE-listed MTN Group is targeting a 2017 Nigeria bourse listing for its Nigeria-based operations – a move that will be reliant on suitable market conditions. The group is set to embark on preparations for the NSE listing as and when it is "commercially and legally" possible, with a management... 

MTN announces new group CEO, several board posts

By: Natasha Odendaal     20th June 2016 Telecommunications giant MTN on Monday announced the appointment of Rob Shuter as group president and CEO following  a global search in the wake of the resolution of the “Nigerian dispute”. Shuter would assume the new role by no later than July 1, 2017, as he wrapped up his current obligations as... 

MTN near to hiring new CEO

By: News24Wire      25th May 2016 Embattled mobile network MTN Group says it is near to hiring a new chief executive officer after the previous head of the company quit late last year. Local telecoms veteran Sifiso Dabengwa resigned as MTN Group CEO last November after Nigerian regulators slapped the company with a massive $5.2bn... 

Zakhele pays off more debt as MTN dividends increase

By: Natasha Odendaal     16th March 2016 With a greater-than-expected 2015 dividend pay-out from MTN Group, transformation and empowerment shareholder and investment group MTN Zakhele continued to decrease its debt. The 4% stake in MTN, the group’s only asset, generated a R964.6-million dividend income for the year ended December 31,... 

Nigeria reinstates regulatory services to MTN

By: News24Wire      16th March 2016 Nigeria’s telecommunication regulator has lifted its suspension of services to MTN [JSE:MTN], the mobile network said on Tuesday. The Nigerian Communications Commission (NCC) suspended regulatory services to MTN last year in October when the company was fined $5.2-billion for failing to... 

MTN seals international deal with Telefonica

By: News24Wire      15th December 2015 Mobile operator MTN has signed a deal with Spanish-based Telefonica to boost its enterprise businesses. “Many of the initial areas are aiming to improve both companies’ stand in regards to Enterprise customers, including services to multinational companies in each other’s footprint, collaboration... 

Rand drops on Yellen's hawkish comments, stocks open lower

By: Reuters     3rd December 2015 South Africa's rand fell in early trade on Thursday as the dollar gained after Federal Reserve chair Janet Yellen said she was "looking forward" to the first US interest rate increase in nearly a decade. Stocks opened lower, with telecoms company MTN Group in the spotlight. Nigerian authorities... 

Nigeria slashes MTN fine to $3.4bn; Nigeria CEO quits

By: News24Wire      3rd December 2015 Africa’s biggest mobile network MTN has announced that its Nigerian chief executive officer has resigned amid a multibillion-dollar fine in that country. The company announced in a statement on Thursday morning that Michael Ikpoki, its Nigerian CEO, has handed in his resignation with immediate... 

MTN’s pleas to ease $5.2bn Nigerian fine fall on deaf ears again

By: African News Agency      20th November 2015 Mobile phone operator MTN’s pleas for leniency following a $5.2-billion fine for failing to disconnect 5.1-million unregistered Nigerian users has suffered another setback after the Nigerian Governors’ Forum (NGF) insisted the company pay the penalty. The governors’ body argued that the Nigeria... 

MTN seeks new CEO as Dabengwa bows out; PIC calls for more resignations

By: Natasha Odendaal     9th November 2015 Telecommunications giant MTN Group CEO Sifiso Dabengwa has stepped down with immediate effect as the JSE-listed group faces a multibillion-dollar fine in Nigeria. Current nonexecutive chairperson Phuthuma Nhleko was appointed executive chairperson for a six-month period while the process to... 

First
Prev
1
2 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close