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MTN struggling in South Africa | SA News


South Africa is one of MTN’s four biggest markets and service revenue growth remains stagnant in the single digits, says Sanlam Investments portfolio manager Roy Mutooni.

Mutooni said that although the South African market is big, it is also where the competitive pressure is greatest from Vodacom and Telkom.

“It’s not like MTN South Africa is contracting. It’s holding its own, just not growing,” Mutooni told Business Day TV.

“Its service revenue growth is in the low single digits, whereas in its other major…

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  1. Nigeria: You have two cows. You convince an old American woman to invest in them, but pocket the money and run.