Sanctions Hinder S. Africa’s MTN From Repatriating Iran Cash

MTN Group, Africa’s biggest mobile operator, is sticking to its 2018 dividend target despite new US sanctions making it harder to repatriate cash from its Iran joint venture, the company said on Wednesday.

Reporting a 7% drop in half-year profits o…

MTN Group, Africa’s biggest mobile operator, is sticking to its 2018 dividend target despite new US sanctions making it harder to repatriate cash from its Iran joint venture, the company said on Wednesday. Reporting a 7% drop in half-year profits on Wednesday, MTN has around 3.4 billion rand (£...