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MTN Group Reports 69% Profit Drop Amid Nigerian Currency Challenges

March 18, 2025March 18, 2025 - by Marcus Chen - Leave a Comment

MTN Group reported a 69% slump in profits due to the Nigerian naira’s devaluation and operational troubles in Sudan. HEPS fell to 98 cents, while pretax losses in Nigeria surged …

Business / Companies

South Africa’s Net Foreign Reserves Increase to $61.733 Billion in February 2025

March 10, 2025March 10, 2025 - by Carmen Mendez - Leave a Comment

South Africa’s net foreign reserves increased to $61.733 billion in February 2025 from $61.328 billion in January. Gross reserves rose to $66.264 billion, while the forward position grew to $0.531 …