Shoks Mzolo
Guest Author
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/ 6 May 2005

MTN set to expand into Africa

South Africa’s MTN Group is committed to realising its growth road map in Africa despite hurdles associated with investing in the mobile telecommunications sector on the continent. MTN’s Ugandan operation, which currently boasts a 66% market share, will potentially face fierce competition when markets open up from July.

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/ 5 May 2005

MTN Iran licence process on hold

Johannesburg-listed mobile operator MTN Group said on Thursday that while aiming to cautiously expand across the developing markets, its plans to enter Iran remained suspended until after the general elections in that country. MTN — currently seeking to gain a 100% holding in Dutch-based Celtel International — said it was prepared to acquire a 49% stake in Iran’s new mobile operator.

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/ 29 April 2005

MTN shares on the move

Shares in mobile service provider MTN Group collected 4,19% in Friday’s early session on the JSE Securities Exchange (JSE), where it was among the most active shares by value and number of shares traded. Traders attributed the surge to a renewed interest by foreigners.

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/ 18 April 2005

Telkom ‘will resist’ lower ADSL tariffs

As the public hearings on Telkom’s ADSL broadband service neared an end on Monday, Naspers subsidiary M-Web argued that despite numerous calls for the dual-listed group to reduce its charges, Telkom will oppose a decrease in ADSL tariffs. Telkom will on Monday afternoon receive an opportunity to express its response.

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/ 16 March 2005

Mpofu denies ICT charter crisis

The information and communications technology (ICT) charter’s working group chairperson, advocate Dali Mpofu, on Wednesday dismissed rumours that the camp is in crisis, instead arguing that nothing has changed. "There is no crisis. We are not restarting the whole process of drawing up the charter again; that is ridiculous," he said.

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/ 10 March 2005

R100m boost for public works programme

As part of its agenda towards enterprise development, community rehabilitation and public works, the Business Trust has signed a memorandum of understanding with the Department of Public Works and pumped R100-million into the Expanded Public Works Programme, the trust’s chief operating officer, Brian Whittaker, said on Thursday.