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MTN and MultiChoice shut branches in Nigeria as retaliation for SA attacks

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SA-based businesses are reportedly being attacked with MTN calling for calm amid the ongoing xenophobic violence in Gauteng

A number of JSE-listed firms operating in Nigeria are reported to have shut down some of their branches in the country as a spate of xenophobic violence continues in Gauteng.

MTN’s stores and service centres in Nigeria were closed on Wednesday as a precaution, the company said. Shares in Africa’s largest mobile operator were trading 0.98% down during lunchtime trade on Wednesday at R99.72. Its Nigeria unit did not fair any better on the news, with its shares down 1.07%. On Monday, the Nigerian government tweeted: “The continuing attacks on Nigerian nationals and businesses in SAare unacceptable. Enough is enough. Nigeria will take definitive measures to ensure safety and protection of her citizens.”

 

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