
MTN shaking off prepaid problems in South Africa
South Africa’s MTN said on Tuesday its core earnings jumped 27.9% in the first quarter, outpacing revenue growth as tighter cost control and strong performances in Nigeria and Ghana boosted profit.
TUESDAY, 12 MAY 2026, 23:18

South Africa’s MTN said on Tuesday its core earnings jumped 27.9% in the first quarter, outpacing revenue growth as tighter cost control and strong performances in Nigeria and Ghana boosted profit.

The effective closure of the Strait of Hormuz has severely disrupted global supplies of energy and petrochemicals.

The rand has become the most volatile Emerging Market currency in the Bloomberg ranker of implied volatilities, making it one of the riskiest units for investors.

Less than three months since launching its new app, GoTyme Bank, formerly TymeBank, has successfully migrated over one million customers – marking a major milestone for South Africa’s fastest-growing digital bank.

Woolworths CEO Roy Bagattini has responded to claims that the retailer is a corporate bully after the liquidation of Beyers Chocolates.

Endowments and sinking funds are both practical estate planning tools.

Here are five important things happening in and affecting South Africa on Tuesday, 12 May 2026.

David Malpass’ comments come as US President Donald Trump and China’s Xi Jinping are due to meet in Beijing.

Woodworking shops have been transformed by tech to make tools safer and more precise.

President Cyril Ramaphosa announced that he has no intention of resigning from office in the wake of the Constitutional Court ruling on the Phala Phala saga.

A total of 17 US executives are set to join the president on his visit, where he will meet his Chinese counterpart Xi Jinping.