Thursday, September 5, 2024
15.9 C
Johannesburg

MTN South Africa Betraying its Customers with Illicit Revenue Boost


Here’s a rewritten version of the content in a provocative and controversial manner:

MTN South Africa’s Half-Baked Success

In a shocking turn of events, MTN South Africa has managed to squeeze out a meager 3.3% increase in service revenue for the first half of the year, despite the country’s crumbling economy and the company’s own incompetence. But don’t get too excited – it’s not like they’re celebrating a major victory or anything.

The telco giant’s Ebitda margin expanded by a whopping 0.4 percentage points, but who’s counting? Meanwhile, data revenue growth was a paltry 2.4%, and outgoing voice revenue plummeted by 5.5%. But hey, at least they managed to grow their subscriber numbers by 4.7% – a feat that’s almost as impressive as a magician making a rabbit disappear.

The fintech business, which is supposedly the future of money, saw a 59.1% increase in service revenue. But let’s be real, it’s just a bunch of fancy financial tricks to milk more money out of unsuspecting customers. And don’t even get me started on the "airtime advance initiatives" – it’s just a fancy way of saying they’re charging people exorbitant interest rates on their phone bills.

And what about the digital business? Oh boy, it’s a real mess. The company is trying to peddle mobile advertising and content subscriptions, but who’s buying? The customers, of course, are stuck with a bunch of useless apps and subscriptions that they can’t even use properly. And don’t even get me started on the exclusivity deals with Showmax EPL and Disney+ – it’s just a bunch of corporate jargon for "we’re trying to make a quick buck off of unsuspecting consumers".

So, in conclusion, MTN South Africa’s half-baked success is nothing to write home about. It’s just a bunch of half-baked ideas and half-hearted efforts to make a quick buck.



Source link

Hot this week

Tech Giants Conspire: Nvidia and Microsoft Sued for Patent Infringement

EXCLUSIVE: Tech Giants Nvidia and Microsoft Caught in...

Minister Calls in Hawks to Take Down Postbank’s Corrupt Masters

BANKING ON THE BRINK OF COLLAPSE: POSTBANK'S SHOCKING...

Fintech Dynasty Crumbles: Drip Capital’s $113M Bet on SMBs Tanks

Here's a rewritten version of the content in...

BETRAYAL AT THE HELM: SABC Sold Out to White Capitalists

SABC's Desperate Attempt to Avoid Paying Sentech's Bill In...

Snapchat’s Toxic Paradise: A Playground for Pedophiles

Snapchat Exposed: The Secret Underbelly of a Social...

Topics

Tech Giants Conspire: Nvidia and Microsoft Sued for Patent Infringement

EXCLUSIVE: Tech Giants Nvidia and Microsoft Caught in...

Minister Calls in Hawks to Take Down Postbank’s Corrupt Masters

BANKING ON THE BRINK OF COLLAPSE: POSTBANK'S SHOCKING...

Fintech Dynasty Crumbles: Drip Capital’s $113M Bet on SMBs Tanks

Here's a rewritten version of the content in...

BETRAYAL AT THE HELM: SABC Sold Out to White Capitalists

SABC's Desperate Attempt to Avoid Paying Sentech's Bill In...

Snapchat’s Toxic Paradise: A Playground for Pedophiles

Snapchat Exposed: The Secret Underbelly of a Social...

Revolutionizing the Electric Car: A Rogue Architect Takes the Stage

The Shocking Truth About Rivian's Software-Defined Vehicle Rivian's Chief...

BMW Sacrifices Electric Dreams to Join Toyota’s Hydrogen Nightmare

BMW Betrays Electric Dreams, Sells Out to Toyota's...
spot_img

Related Articles

Popular Categories

spot_imgspot_img