I wish we were dominant in South Africa. But we’re number two after a much stronger player dressed in red…— Rob Shuter, Group CEO - MTN
MTN declared a final dividend of 325 cents per share on Thursday when it released its results for the year ending on 31 December 2018.
Earnings before interest, tax, depreciation and amortisation is up more than 15% while headline earnings per share grew by 85% from 182 cents to 337 cents.
MTN has 16 million more subscribers than it had in the previous reporting period.
MTN says it’s taking on instant messaging and music streaming in the coming year.
Listen to the interview in the audio below (and scroll down for more quotes from it).
Nigeria is one of our two core markets… We’ve built a great business there… We’ve had a few setbacks… but we’ve resolved our issues with the central bank…— Rob Shuter, Group CEO - MTN
The tax collectors in Nigeria… we have no disputes with them. The Attorney General maintains we should’ve paid more than we have… it’s nonsense…— Rob Shuter, Group CEO - MTN
We think the country is on a better trajectory…— Rob Shuter, Group CEO - MTN
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Recommendedby NEWSROOM AI
Lindsay Ralphs, CEO at Bidvest, discusses the company's results, released on Monday.
Mduduzi Luthuli, co-founder and Executive Director at Luthuli Capital, shares his stock picks of the week.
Edcon - employer 40 000 people - is in a desperate fight to survive. Bruce Whitfield interviews Grant Pattison, its CEO.
The Money Show’s Bruce Whitfield interviews Pierre Van Tonder, CEO at Spur Corporation.
Africa’s largest retailer released disappointing results on Tuesday. Bruce Whitfield interviews its CEO, Pieter Engelbrecht.
The Money Show’s Bruce Whitfield interviews Bongani Nqwababa, joint-CEO at Sasol.
The petition describes Benioff and Weiss as woefully incompetent writers and calls for a better ending for the show.
Bruce Whitfield interviews analyst Chris Gilmour about his attitude toward money (hopes and fears, successes and failures, etc.).
Capitec Bank, however, is keeping its customers decidedly happy. Bruce Whitfield interviews consumer journalist Wendy Knowler.