MTN announces first annual loss in 20 years

Africa's biggest mobile phone operator MTN Group Ltd says 2016 financial results reflect the most challenging year in the company’s 22-year history.

Overall performance showed lower than expected growth in both South Africa and Nigeria.

MTN says it made a $200m loss in 2016.

TechCentral editor, Duncan McLeod, this is a result of changes in the business and company, as well as economic conditions in markets where it operates.

Listen to full interview with Duncan McLeod below for more information...


702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
MTN, driving connectivity in Cote d'Ivoire

MTN, driving connectivity in Cote d'Ivoire

Nikiwe Bikitsha talks to MTN’s CEO about the mobile and technology space in Cote d'Ivoire.

MTN Nigeria shut down offices after protests

MTN Nigeria shut down offices after protests

Protests yesterday in Nigeria as a response to xenophobic sentiment within South Africa led to an attack on the MTN office there.

Data costs must be reduced - ICT Africa

Data costs must be reduced - ICT Africa

Ministers to meet with mobile operators and regulators to bring down data communication costs

Meet (outgoing) Old Mutual EM CEO Ralph Mupita (soon to be MTN’s CFO)

Meet (outgoing) Old Mutual EM CEO Ralph Mupita (soon to be MTN’s CFO)

The Money Show’s Bruce Whitfield interviews Mupita about his life and his exciting (and challenging!) new job at MTN.

MTN zakhele futhi deadline Friday

MTN zakhele futhi deadline Friday

Interested investors have until close of business on Friday 28 October to buy MTN shares.

Another chance to buy MTN's BEE Zakhele Futhi shares

Another chance to buy MTN's BEE Zakhele Futhi shares

Individuals and companies who qualify under South Africa's BEE codes are encouraged to grab the investment opportunity.

Popular articles
8 things you may not know about Jacques Pauw

8 things you may not know about Jacques Pauw

We thought we'd let you in on some facts about sought after, award-winning journo Jacques Pauw, author of The President's Keepers.

UCT students invent effective shower water-capturing device

UCT students invent effective shower water-capturing device

Shower Savvy is a Jerry can look-alike that one can stand on while taking a shower which stores up to 10 litres of grey water.

The President's Keepers: PDF version is tantamount to theft - Exclusive Books

The President's Keepers: PDF version is tantamount to theft - Exclusive Books

A PDF version of the book has been doing the rounds since Sars and the State Security Agency threatened legal action.

Falling out of love? Signs and stages of romantic disengagement

Falling out of love? Signs and stages of romantic disengagement

Can you love your partner, but no longer be in love with them? Dr Eve unravels stages of disaffection in romantic relationships.

Celibacy liberated me - Amanda Ndiki

Celibacy liberated me - Amanda Ndiki

Author Amanda Ndiki, celibate for 6 years describes her journey and how celibacy helped mend her sense of self.

Investing in increasingly wealthy Mauritius (Africa’s most functional democracy)

Investing in increasingly wealthy Mauritius (Africa’s most functional democracy)

Bruce Whitfield interviews Nikiwe Bikitsha, who is on a fact-finding mission in Mauritius courtesy of Standard Bank.

'The university degree is dead'

'The university degree is dead'

Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?