SA could become a failed state unless it deals with the crisis, CEO Ralph Mupita warns
Power outages cost Africa’s largest mobile operator, MTN, R695m, according to estimates for its 2022 annual results, and not dealing with it could lead to SA becoming a failed state.
“In SA, the extent of ongoing power outages worsened into the second half and increased the negative impacts on network availability and pressure on the business,” CEO Ralph Mupita said on Monday in annual results for the year to end-December...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
State can end blackouts in schools and clinics | City PressSeveral political parties, civil society organisations and trade unions have gone to court to force government to ensure that citizens’ basic rights, including access to healthcare, food, water, sanitation, basic education and human dignity, are protected and are not suspended because of the state’s failure to provide electricity.
Read more »
South Africa risks becoming a failed stateMTN Group CEO Ralph Mupita has a dire warning for the South African government.
Read more »
Load shedding costs MTN R695 million – as it gears up for stage 8Despite encouraging results, MTN noted that load shedding had a material impact on its operations, costing the company over R600 million in 2022.
Read more »
MTN takes R695-million hit from load shedding - TechCentralMTN Group said Eskom’s woes cost its South African operation R695-million in Ebitda in the 2022 financial year.
Read more »
World's biggest oil producer Saudi Aramco reports 'record' $161 billion profit for 2022 | BusinessSaudi Aramco said on Sunday it achieved 'record' profits totalling $161.1 billion (about R3 trillion) last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude exporter. | News24_Business
Read more »
![EISH WENA: 2022 Costa Titch's performance in Nairobi, his dancing style was insane [viral video]](https://i.headtopics.com/images/2023/3/12/thesanews/eish-wena-2022-costa-titch-s-performance-in-nairob-eish-wena-2022-costa-titch-s-performance-in-nairob-1634888916619735046.webp?w=640)
EISH WENA: 2022 Costa Titch's performance in Nairobi, his dancing style was insane [viral video]EISH WENA! You wont believe what this video went viral for! WATCH our daily viral videos fished off the internet here!
Read more »