From Moneyweb: In South Africa, (MTN) is facing a potential probe by the JSE over the timing of its disclosure to shareholders of the Nigerian fine. The JSE is engaged in “focused conversation” with Deutsche Securities, MTN’s sponsor, in the interests of the operator’s shareholders, GM for issuer regulation Andre Visser said on Tuesday. Despite news of the fine being in the market in the early hours of Monday morning, MTN failed to notify shareholders about it until 2.24pm. ... MTN’s share price has taken a beating over the NCC fine. It collapsed by 12,5% on Monday, wiping R44bn of its market capitalisation. Shortly before 3pm on Tuesday, the counter had shed another 4,8%. Nigeria is MTN’s biggest and most profitable market. At the end of September, the operation there had 62,5m subscribers. — (c) 2015 NewsCentral Media
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