France, China, Russia, Australia, Japan and Turkey also released statements expressing regret for Trump’s decision
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The Right 2 Know Campaign took their Data Must Fall protests against data charges outside service providers MTN and Vodacom early Tuesday morning.
Nigeria could soon outrank South Africa as Africa’s biggest economy, but about 61% of Nigerians still live on less than $1 per day.
A weak rand and lower payments to operators, as a result of lower termination rates, has seen the fixed-line operator gain.
MTN Group’s share price has fallen despite its swift replacement of chief financial officer Nazir Patel with Brett Goschen.
The JSE continues to break records despite South Africa’s economic woes and gloomy political headlines ahead of the ANC national conference.
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Allegations of corruption and political machinations involving the MTN Group and the government of Iran have resurfaced – this time in US politics.
Former MTN boss Phuthuma Nhleko has distanced himself from a dodgy mobile operating license in Iran that included bribes, weapons and influence.
MTN Group, Africa’s largest telecom group, said on Wednesday it has topped 150-million subscribers across 21 countries.
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/ 26 November 2010
The MTN Group’s empowerment transaction has raised R2,78-billion and had more applications than it had shares available.
India’s Bharti Airtel, which has restarted merger talks with MTN Group, said on Tuesday it does not expect funding requirements to be onerous.
MTN Group said on Friday it was unable to reach a deal with India’s Reliance Communications and the companies mutually decided to end talks.
South African cellular giant MTN could pick up to a 74% stake in India’s Reliance Communications in a share-swap deal being discussed between the companies, an official said on Friday. "The stock swap is an option being considered at the moment," a Reliance official said on condition of anonymity.
South African stocks were lower at midday on Tuesday, pressured by below-forecast gross domestic product (GDP) data, which showed that the quarterly economic growth rate slowed to 2,1%, traders said. At 12.02pm, the all-share index was down 0,71%. Resources fell 1,01%, while the gold- and platinum-mining indices were off 0,42% and 0,72% respectively.
Reliance Communications, India’s number two mobile operator, has entered into exclusive negotiations for a tie-up with the MTN Group, knocking its shares down 4%. Reliance was quick to fill a void left after its bigger domestic rival, Bharti Airtel, pulled out of talks at the weekend aimed at taking control of MTN.
A Bharti Airtel official on Thursday said there were no new developments in its talks with South African telecoms operator MTN Group that could create the world’s sixth-largest mobile operator. Bharti said on May 5 it was in exploratory talks with MTN, and on May 13 said it had not made any bid for the South African firm.
The JSE hit a fresh record high on Thursday, buoyed by miners on firm commodity prices and a weaker rand, but overall the mood was dampened by global inflation worries due to the rising oil price. At noon, the JSE’s all-share index was up 0,98% at 33 230,590 after earlier touching a fresh all-time high of 33 309,820.
Merger talks between India’s biggest cellphone services firm, Bharti Airtel, and South Africa’s flagship MTN Group could wind up this weekend, a report said on Saturday. A merged group would create the world’s sixth-largest mobile company with a network of 130-million subscribers.
Bharti Airtel, India’s leading mobile operator, may seek a merger or share swap with MTN Group to try to avoid a bidding war for the South African phone firm, analysts and media reports say. A successful deal would be India’s biggest foreign acquisition and create the world’s sixth-largest mobile operator.
South African stocks remained weak at midday on Tuesday with miners the worst causalities on easing metal prices, while falling overseas markets added to selling pressures. At 12.09pm, the JSE’s broader all-share index was down 0,86%, weighed by a 2,88% drop in platinum miners.
After opening firmer on Friday morning, the JSE had given up its gains by midday and was trading 125 points in the red. A local trader said that after the all-share index posted an all-time high of 32 440,9 earlier, the market saw some profit-taking, particularly in the resources stocks.
Resources stocks were the main feature of the JSE by midday on Thursday, with the overall market generally flat following an overnight decline on Wall Street. At 11.56am, the JSE’s broader all-share index was up 0,12%, helped by a 1,1% rise in resources, 0,89% advance in the gold mining index and a 0,39% rise in the platinum mining index.
South African stocks were mixed in early afternoon trade on Wednesday due to volatility, but the feature of the morning session was a strong gain by synthetic fuel producer Sasol. At 12.25pm, the JSE’s broader all-share index was up 0,09%, with the industrial index up 0,88%, but resources were down 0,38%.
South African stocks remained higher at noon on Tuesday, supported by miners on stronger metal prices, but shaky overseas markets and stronger rand limited the upside move, traders said. Local mobile phone firm MTN Group remained the most heavily traded stock by value after it confirmed that it was in share price-sensitive talks with an Indian firm.
South African telecoms operator MTN Group said on Monday that it was in share price-sensitive talks with India’s Bharti Airtel. The group did not give much away amid speculation that Bharti Airtel, India’s biggest phone company, might launch a takeover offer for the local firm.
South African stocks were sharply higher at noon on Monday, led by miners on stronger metal prices, while easing United States economic concerns added to the upbeat mood. Local cellphone firm MTN Group was in focus again on ongoing speculation that an Indian firm might launch a takeover bid for the company, traders said.
South African stocks were mixed in a thin-volume session by noon on Friday, with MTN in focus on vague newspaper reports that an Indian firm might launch a takeover bid for the local mobile telecoms firm, traders said. By midday the JSE’s broader all-share index was down 0,14%. Resources fell 1,27%.
Cellphone operator MTN Group said on Wednesday subscribers rose 11% to 68,2-million in the first quarter from the fourth quarter, lifted by its Iran operation. MTN Group, which anticipates adding 16-million subscribers by the end of 2008, said its Iran subscribers soared 50% to 9,02-million customers.
South African stocks were little changed at noon on Tuesday in a thin-volume session, as some traders remained on the sidelines ahead of Wall Street opening. At midday the all-share index was neither here nor there (-0,06%) at 31 754,380. Resources were up 0,50% but the gold- and platinum-mining indices were down 0,16% and 1,63% respectively.
The JSE remained firm by midday on Friday, with a trader saying that the market was consolidating after hitting record levels earlier this week. Starting from Wednesday, the bourse had two consecutive days of hitting all-time highs, but failed to close at its record peak of 32 130,75 points.
World markets were dampened by negative earnings reports from the United States on Monday, causing the JSE to pull back sharply. By midday, the JSE’s broader all-share index had fallen 1,48%. The banking index pulled back 2,51% and financials retreated 1,41%.
Firmer global equities started to give the JSE support during the morning session on Friday, lifting the broader all-share index 0,91% by noon. Traders said that resource counters were also underpinning gains in the Alsi. By midday, the JSE’s resources index collected 1,59%. The platinum-mining index strengthened 3,07% and the gold-mining index advanced 1,25%.