MTN suspends payment of dividend

11 March 2021

Cape Town-based Mergence Investment Managers Peter Takaendesa said MTN joined Telkom, leaving only Vodacom as the only listed major telecoms company that still paid dividends. “We are confident that both MTN and Telkom will resume paying dividends over the next 12 to18 months, as the planned asset disposals for both should help unlock value as well as further strengthen their balance sheets.