After Nigerian fine MTN has lost its African crown – Vodacom now Number One
MTN’s battle over payment of a record $3.9bn Nigerian fine has cost the company its status as Africa’s highest valued telecommunications operator to rival Vodacom.
Mobile phones
Nhleko plans exit on $3.9bn fine ‘optimism’. MTN CEO search hots up, 3 shortlisted.
Phuthuma Nhleko, who returned to lead MTN’s negotiations over a record $3.9 billion fine in Nigeria, is moving forward with plans to step down next month, says a person familiar with the matter.
Chinese Internet penetration hits 50% – overtakes US as largest online retail market
As of December 2015, China had 688 million Internet users, accounting for half of the total population of the country, with an Internet penetration rate of 50.3%.
MTN profits halved – to cut dividend as shortfall for $3.9bn Nigerian fine
MTN says it will cut the full-year dividend to a minimum of R7 this year due to uncertainty surrounding the payment of a record $3.9 billion fine in Nigeria.
MTN drops Nigerian lawsuit, pays $250m in ‘good faith’
Mobile phone operator MTN withdrew its lawsuit against Nigeria’s regulator over a $3.9 billion fine and paid $250 million towards a possible settlement.
Apple sales to drop first time in 13 years as iPhone uptake slows
Apple is forecasting a sales decline for the first time in more than a decade, adding to evidence that the market for smartphones is becoming saturated.
Infographic: Deadly dangers of ‘distracted driving’
This infographic explores the stats about distracted driving, highlighting some common behaviour drivers may not know is taking their eyes off the road.
🔒 WEBINAR: Apple, Berkshire laggards
Alec Hogg takes us through the performance and current position of the Biznews.com Global Share Portfolio Webinar, which is proving to be highly successful.
Paul Clark: Africa always brings something new – a worthy investment opportunity
Investors should consider the exciting investment opportunities on the continent of Africa, as these can offer diversified and high growth investments and, after all, Africans themselves are already investing there.
A long-term wager on Standard Bank – one day it will look so obvious
Spent yesterday afternoon at a Town Hall gathering of Standard Bank’s technology team.