MTN is back! And taking on WhatsApp and Spotify…

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.

The Money Show’s Bruce Whitfield interviewed Rob Shuter, Group CEO at MTN.

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:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Bidvest releases good results. Increases dividends by 10.6%

Bidvest releases good results. Increases dividends by 10.6%

Lindsay Ralphs, CEO at Bidvest, discusses the company's results, released on Monday.

Best JSE and offshore shares to buy this week (by Luthuli Capital)

Best JSE and offshore shares to buy this week (by Luthuli Capital)

Mduduzi Luthuli, co-founder and Executive Director at Luthuli Capital, shares his stock picks of the week.

Edcon (owner of Edgars, Jet and CNA) to close a third of its stores

Edcon (owner of Edgars, Jet and CNA) to close a third of its stores

Edcon - employer 40 000 people - is in a desperate fight to survive. Bruce Whitfield interviews Grant Pattison, its CEO.

RocoMamas in South Africa causes Spur to wobble

RocoMamas in South Africa causes Spur to wobble

The Money Show’s Bruce Whitfield interviews Pierre Van Tonder, CEO at Spur Corporation.

The mighty Shoprite is struggling

The mighty Shoprite is struggling

Africa’s largest retailer released disappointing results on Tuesday. Bruce Whitfield interviews its CEO, Pieter Engelbrecht.

Sasol results boosted by oil price, rand and victory in tax dispute with Sars

Sasol results boosted by oil price, rand and victory in tax dispute with Sars

The Money Show’s Bruce Whitfield interviews Bongani Nqwababa, joint-CEO at Sasol.

Popular articles
Investec gives staff unlimited leave days and freedom to wear what they want

Investec gives staff unlimited leave days and freedom to wear what they want

The bank rewards innovation with substantial bonuses and pays according to output not hours at work, says Lesley-Anne Gatter.

JSE Limited lost 10% of its value on Monday

JSE Limited lost 10% of its value on Monday

The Money Show’s Bruce Whitfield interviews Nicky Newton-King, CEO at the JSE Limited.

Astral Foods, employer of 12 000, is at risk due to failing water infrastructure

Astral Foods, employer of 12 000, is at risk due to failing water infrastructure

Government dreams about bullet trains and megacities, but don't provide basic services, says Chris Schutte, CEO at Astral Foods.

We've technologist on record saying she'll not treat patients - Discovery Health

We've technologist on record saying she'll not treat patients - Discovery Health

CEO Dr Broomberg has rubbished reports that a KwaZulu-Natal patient died after the company stopped payments.

What NOT to do at the scene of a road accident

What NOT to do at the scene of a road accident

Western Cape traffic chief Kenny Africa explains what you should do if you're the first responder at the scene of an accident.

'Zindzi's comments were racist and have nothing to do with the Mandela name'

'Zindzi's comments were racist and have nothing to do with the Mandela name'

ANC veteran Mavuso Msimang says South African ambassador to Denmark should be held accountable for her tweets.

Public Protector has now become a "rogue unit", says Judge Kriegler

Public Protector has now become a "rogue unit", says Judge Kriegler

Busisiwe Mkhwebane is reportedly probing President Cyril Ramaphosa for alleged money laundering to the tune of R400m.

[WATCH] Sho Madjozi first female South African to win BET award

[WATCH] Sho Madjozi first female South African to win BET award

The rapper, singer and songwriting superstar walked away with the best new international act on Sunday evening in Los Angeles.

Gauteng waitress gets R18,000 tip for 'amazing service'

Gauteng waitress gets R18,000 tip for 'amazing service'

A waitress at The Beerhouse in Fourways who received the generous donation wants to finish her matric and become a paramedic.