MTN reports massive profits
Telecommunications giant, MTN has reported a strong set of results for the 2020 financial year. It has added 29-million customers and grown adjusted profits by 52%. The mobile giant benefitted from a surge in demand for data as work-from-home activity grew.
It’s Mobile Money subscriptions have now surged to more than 46-million but the group has opted to hold on to its final dividend as it battles to reduce debt amid uncertainty from COVID-19. The group has also revealed what it calls an Ambition 2025 strategy.
It will look at structurally separating its infrastructure assets and platforms, such as fintech, to encourage more and partnerships and investments.
In other news – Wits Protest: Mzansi celebs outraged by Wits shooting as Police kill a civilian – Video
Some of Mzansi‘s celebrities have added their voices to the outrage over the death of a man shot by police during a protest in Braamfontein, Johannesburg, on Wednesday.
Wits students and police clashed in the area during a protest against the financial exclusion of some students with historical debt. Learn more
Source: eNCA
