MTN bites the bullet with classifieds, despite red ink

07 Mar 2017

Johannesburg-based MTN Group pumped R2.3 billion ($176 million U.S.) in its classifieds portfolio in FY2016, even though it made the company a hefty loss in the period. Then, it stepped up its effort (managerially and financially) in FY2017.

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Christo Volschenk

Christo Volschenk is managing editor of the news on and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.