National
Implications of JSE decision to halt trade in MTN shares 'unclear'─── 14:24 Mon, 02 Nov 2015
Johannesburg - Economist David Shapiro says the implications of the Johannesburg Stock Exchange's decision to halt all trade in MTN shares are unclear at this stage.
The JSE made the announcement earlier today after significant volatility, which saw MTN's stock fall by roughly 20 percent last week.
It comes after the Nigerian Communications Commission last week said the mobile operator will need to fork out some R70 billion for failure to disconnect millions of users with unregistered sim cards.
Shapiro is a director at Sasfin Securities and says communication from MTN has been poor, leaving many in the dark.
East Coast Radio
David Shapiro :
