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
Game of Thrones fans demand a remake of Season 8

Game of Thrones fans demand a remake of Season 8

The petition describes Benioff and Weiss as woefully incompetent writers and calls for a better ending for the show.

'I don’t spend much. I drive an old car. I’ve never been in debt'

'I don’t spend much. I drive an old car. I’ve never been in debt'

Bruce Whitfield interviews analyst Chris Gilmour about his attitude toward money (hopes and fears, successes and failures, etc.).

Absa is the most complained about bank in South Africa

Absa is the most complained about bank in South Africa

Capitec Bank, however, is keeping its customers decidedly happy. Bruce Whitfield interviews consumer journalist Wendy Knowler.