JOHANNESBURG, March 3 South Africa-based MTN’s share price made its biggest daily gain in more than seven years on Thursday after the regional mobile phone giant said it had set aside $ 600 million to settle its dispute with Nigeria over a $ 3.9 billion fine. Last week MTN said it had withdrawn a lawsuit over the fine, imposed for failing to disconnect unregistered users of its mobile network in Nigeria, and made a “good faith payment” of $ 250 million towards reaching an amicable settlement instead.
South African yellow-corn futures dropped from a record as rain is forecast for the second-biggest producing province, while prices for the white variety rose as dry weather in crucial planting areas persists. Yellow corn for delivery in December dropped 1.4 percent to R2 997 a metric ton by midday on the South African Futures Exchange in Johannesburg.
The Lions’ Super Rugby playoff hopes were dealt a blow when they crashed to defeat against the Brumbies at Emirates Airline Park.
England’s Cricket World Cup quarter final hopes are hanging by a thread following their nine wicket loss to Sri Lanka in a Pool A match in Wellington.