23.3 C
Sunday, May 19, 2019
Home Breaking News JSE suspends MTN shares trading

JSE suspends MTN shares trading

The JSE announced on Monday that it has suspended MTN Group shares with immediate effect. By Gugu Lourie

“The JSE has halted trading in MTN Group Limited shares pending an announcement from the company,” the stock exchange operator said on Monday.

Africa’s biggest mobile phone operator is already facing an investigation by the JSE for possible insider trading related to the timing of its first statement to shareholders that the Nigerian Communications Commission (NCC) had fined them $5.2 billion.

Last week MTN announced that CEO Sifiso Dabengwa is in discussions with the Nigerian Authorities over the fine.


Please enter your comment!
Please enter your name here

Must Read

South Africa’s Aerobotics Named Most Innovative African Startup

Every entrepreneur wants to see their company being named as the most innovative African startup. It's a great feeling and comes with benefits too. What is...

Discovery Is The World’s Second-Strongest Insurance Brand

Discovery, SA's largest health-insurance administrator, has been named as the world's second-strongest insurance brand. Every year, leading valuation and strategy consultancy Brand Finance values the...

Telkom Connects Soweto School To The World

A high speed, quality fibre connection, provided by Telkom, is set to make a big difference in the lives of learners of Orlando High School...

SARB Wants To Explore The possibility Of A ZAR-Backed Digital Currency

The South African Reserve Bank (SARB) is investigating the feasibility, desirability and appropriateness of central bank issued digital currency to be used as an...

Why Parents Should Think Twice About Tracking Apps For Their Kids

by Joel Michael Reynolds The use of self-tracking and personal surveillance technologies has grown considerably over the last decade. There are now apps to monitor...