afrol News, 22 February - Mobile giants, MTN, has dismissed reports that the company is planning to move its headquarters out of South Africa to Dubai.

Reports had further said the company was contemplating the possibility of delisting from the Johannesburg Stock Exchange (JSE).

According to reports, the MTN group re-assured its stay in South Africa, calling such reports of its plan to move as a mischievous speculation.

The MTN Group Executive for Corporate Affairs, Nozipho January-Bardill was reported as saying the company was to stay in South Africa, even though admitting that some management services were based in Dubai.

The Group, which has operations in more than 24 countries, including those in which it has mobile licenses, has been rumoured to be planning a move and to abandon in South Africa head office base following a swift change on some of the policies in South Africa, that may affect its cash flows.

But, according to the company, strengthening of its Dubai operations were only meant to build logistical capacity for the Middle East operations, as well as some parts of Africa, especially the north.

By staff writer

© afrol News

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