South Africas MTN Group aims to pay shareholders higher dividends
South Africas MTN Groupaims to pay shareholders higher dividends, a possible signal that it could moveaway from strategic acquisition-based growth in Africas maturing mobile phonemarket. As Africas largest mobile phone operator, MTN says there are fewacquisition opportunities available in emerging market telecoms. To meet localblack ownership quotas, MTN also plans to sell an up to 4% stake to blackinvestors, saying it will help finance the about ZAR 2.3bn deal via a donation.MTN shares rose for a second day, Friday, for a total gain of 6.7% in the twodays.
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more
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