Home South African Reserve Bank says MTN's USD 10 bln Nigerian dispute poses risk to SA financial system
 

Keywords :   


South African Reserve Bank says MTN's USD 10 bln Nigerian dispute poses risk to SA financial system

2018-11-08 09:13:00| Telecompaper Headlines

(Telecompaper) MTN Group's dispute with Nigerian authorities over USD 10 billion in repatriated funds and back taxes could increase risk in South Africa's financial system, depending on the outcome, the South African Reserve Bank said, according to Bloomberg. In its Financial Stability Review released in Pretoria, the bank said if MTN eventually repatriates the disputed amount to Nigerian authorities, this could affect its ability to meet its debt obligations, especially in South Africa. 

Tags: system south financial bank

Category:Telecommunications

Latest from this category

All news

22.07Maroc Telecom Group H1 revenue rises nearly 1%, maintains target for stable FY revenue
22.07Brookfield consortium to acquire Reliance tower business for INR 252 bln
22.07Last week in telecoms: Vodafone and Telenor receiving approval for takeovers, as earnings season kicks off
22.07Last week in media: Netflix leading the sector down, exceptions included Gannett, AMC Entertainment and the NENT Group
22.07Liberty Global eyes Virgin Media expansion in the UK
19.07SFR to launch premium STB on 20 August
19.07ITV, BBC confirm BritBox SVOD launch for Q4, at GBP 6 per month
19.07Millicom grows Q2 revenues 5.4% on acquisitions, operating profit lower
Telecommunications »
22.07Satellite AIT Thermal System Test Engineer MFD
22.07Electrical Test Engineer MFD
22.07Satellite Payload AIT Engineer MFD
22.07POET outlines lessons from 4-year long startup of Project Liberty cellulosic ethanol project
22.07NIH study links air pollution to increase in newborn intensive care admissions
22.07New database to speed creation of innovative steels
22.07Tropical Depression Five-E Graphics
22.07Tropical Depression Five-E Forecast Discussion Number 1
More »