JOHANNESBURG : MTN Group will invest $1 billion in Ghana over the next five years, the mobile operator said on Wednesday, after the government exempted its Ghanaian unit from tax claims worth about $773 million. The investment comes on the heels of the Ghana Revenue Authority exempting the company's bill
JOHANNESBURG : MTN Group will invest $1 billion in Ghana over the next five years, the mobile operator said on Wednesday, after the government exempted its Ghanaian unit from tax claims worth about $773 million.
The tax claim was initially issued after the revenue authority audited the company for the years 2014 to 2018 and inferred that it under declared its revenue by about 30 per cent during the period. "To be sure, macro-economic conditions are very challenging in the near term. That said we are focused on the medium and long term and we are seeing growth," he said in a statement.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Earthquake could cost Turkey up to $111b: Business groupANKARA - Turkey’s worst earthquake in almost a century has left a trail of destruction that could cost Ankara up to US$84.1 billion (S$111.96 billion), a business group said, while a government official put the figure at more than US$50 billion. The combined death toll in Turkey and Syria from last Monday’s 7.8 magnitude quake approached 36,000 and looked set...
Read more »
Film academy response to Will Smith slap was 'inadequate,' group's president saysBEVERLY HILLS, Calif. : Hollywood's film academy did not adequately respond to Will Smith's slap of Chris Rock at the Academy Awards last March, the organization's president said on Monday at a gathering of this year's Oscar nominees.The Academy of Motion Picture Arts and Sciences was criticized for allow
Read more »
Earthquake could cost Turkey up to $111b: Business groupA government official put the figure at more than US$50 billion. Read more at straitstimes.com.
Read more »
Syrian rescue group shocked at UN move to allow Assad say in aid deliveriesHead of the White Helmets Raed al Saleh responded: “This is shocking and we are at loss at how the UN is behaving.' Read more at straitstimes.com.
Read more »
NewJeans’ Ditto is top song by K-pop girl group on US SpotifySEOUL - K-pop girl group NewJeans continues to take the world by storm, with their releases recently showing a steady yet significant growth in the American music market. OMG and Ditto were the most-streamed songs on Spotify in the United States among all regions, the...
Read more »
Chief of Wagner mercenary group admits founding Russian troll farmIt has been accused of meddling in elections including in the US and other Western countries. Read more at straitstimes.com.
Read more »