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 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.
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.