MTN Group CEO: South Africa risks becoming a failed state
off its earnings before interest, tax, depreciation and amortisation last year. Eskom has imposed up to almost 12 hours of power cuts every day this year, prompting companies to spend money on power generators.
“We have time, but the time is now to act very, very decisively around these crisis issues that the country is facing,” CEO Ralph Mupita said in a briefing with journalists. The state of disaster gives the country “a unique opportunity to accelerate efforts to secure the resilience of critical national infrastructure such as telecommunications”, he said.
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