The common post-paid (contract) subscriber on MTN South Africa’s community consumes 21.9GB of knowledge a month — up by practically 44% yr on yr.
The determine, for the third quarter ended 30 September 2024, was not matched by related progress in pay as you go knowledge utilization, the place the common lively pay as you go subscriber used solely 6.3% extra knowledge yr on yr, to succeed in 3.2GB/month.
Within the quarterly buying and selling assertion, revealed on Thursday, MTN Group mentioned its South African operation recorded a 3.3% year-on-year improve in service income.
Knowledge income grew by 2.1% to account for 47.3% of service income. The variety of lively knowledge customers elevated by 11% to 21.6 million, with progress in community visitors of 32.1%, additionally pushed by greater consumption of fixed-wireless entry knowledge.
Nonetheless, voice income declined by 5.5%, impacted by diminished out-of-bundle utilization.
Different key numbers from the replace embrace:
- Outgoing voice income declined by 5.5%;
- Knowledge income elevated by 2.1%;
- Fintech income elevated by 61.8%;
- Digital income elevated by 13.6%;
- Enterprise income elevated by 12.3%;
- Wholesale income elevated by 0.1% (together with incoming voice income);
- Earnings earlier than curiosity, tax, depreciation and amortisation (Ebitda) elevated by 2.6% (up 3% excluding a achieve on the disposal of towers); and
- Ebitda margin decreased by 0.2 proportion factors to 36.4% (down 0.1pp to 36.3% excluding the achieve on the disposal of towers).
“MTN South Africa delivered a stable efficiency in an working setting that remained difficult, with optimistic progress throughout all the principle enterprise segments,” it mentioned within the buying and selling replace.
“Regardless of a slight easing in inflation within the first 9 months to a mean 4.9% (2023: 6%), and an appreciation within the rand towards the US greenback, South African shopper spend continued to be beneath strain and competitors out there remained intense, particularly in pay as you go.”
Subscriber progress
MTN South Africa grew its subscriber base by 6.6% to succeed in 39.2 million lively customers. This equated to about 760 000 internet additions within the third quarter. Internet additions yr so far have reached 1.8 million. Publish-paid subscriber numbers grew by 2.7% to 4.2 million (excluding telemetry) and pay as you go clients grew by 6.2% to 29.5 million.
Nationwide roaming income decreased by 13.3%, impacted by renegotiated phrases with Cell C from the beginning of 2024. Excluding incoming voice, wholesale income elevated by 1.2%.
Learn: MTN’s story of woe in Nigeria
Fintech income grew by 61.8%, pushed by each XtraTime and MoMo. XtraTime was up by 55.7%, whereas MoMo (cell cash) income “scaled quickly off a low base” on the again of ongoing enlargement of the product portfolio, together with insurance coverage and lending companies. – © 2024 NewsCentral Media
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