MTN secret out

The numbers thrown around makes me want to throw up. Reminds me of that Dire Straights song..Money for Nothing....$&% BEE
 
Lol! I cant help but laugh at how sick those numbers are. 200 million rand. Shees. It makes me sick to my stomach at how rich some people can get.
 
HammerDown said:
The numbers thrown around makes me want to throw up. Reminds me of that Dire Straights song..Money for Nothing....$&% BEE
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tomatosarefruit said:
I was thinking the same thing.
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Phuthuma is by far the best CEO in South Africa/Africa. He has brought MTN to where it is today... BEE has nothing to do with it ;)

You will not think of him as a Multi millionare in the street. He drives a Green Landrover :D
And not a new one either, those outback types :)
 
lpvoid said:
Lol! I cant help but laugh at how sick those numbers are. 200 million rand. Shees. It makes me sick to my stomach at how rich some people can get.
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And guess who funded their wealth?
P3060077_Small_.JPG
 
Pitbull said:
Phuthuma is by far the best CEO in South Africa/Africa. He has brought MTN to where it is today... BEE has nothing to do with it ;)

You will not think of him as a Multi millionare in the street. He drives a Green Landrover :D
And not a new one either, those outback types :)
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And his loyal customers can barely afford a rickshaw... Like I said, it makes me sick... MTN has prolly made more off of the poorer countries north of us than SA.
 
So what!? They're a business and are providing a valuable service to those countries. They're not a charity, even though their CSR program gives back to the poor communities they make a profit from. Should they rather not invest in the infrastructure of those countries? Should they rather not make a profit? Should they rather shove the middle finger in the face of their investors and tell them they're doing this for the good of the people instead, and subsequently lose all investment?

No - they're investing in infrastructure, providing a much needed service and turning a profit in doing so, while still giving back to the communities in the form of their CSR program. If the people didn't want the service, they wouldn't buy it. If they couldn't afford it, they wouldn't buy it. MTN are not forcing the people to purchase MTN products - they're providing them with the opportunity to do so. There is no gun being forced to anyone's head here.

And the fact of the matter is that this is how business operates in a capitalist society. I say kudos to them! Well run company, providing a valuable service, turning a good profit and keeping their investors happy as well. You're just looking for an outlet to vent your pent up anger...
 
DJK said:
So what!? They're a business and are providing a valuable service to those countries. They're not a charity, even though their CSR program gives back to the poor communities they make a profit from. Should they rather not invest in the infrastructure of those countries? Should they rather not make a profit? Should they rather shove the middle finger in the face of their investors and tell them they're doing this for the good of the people instead, and subsequently lose all investment?

No - they're investing in infrastructure, providing a much needed service and turning a profit in doing so, while still giving back to the communities in the form of their CSR program. If the people didn't want the service, they wouldn't buy it. If they couldn't afford it, they wouldn't buy it. MTN are not forcing the people to purchase MTN products - they're providing them with the opportunity to do so. There is no gun being forced to anyone's head here.

And the fact of the matter is that this is how business operates in a capitalist society. I say kudos to them! Well run company, providing a valuable service, turning a good profit and keeping their investors happy as well. You're just looking for an outlet to vent your pent up anger...
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Lol - I suppose you think the same of the hospital and medical aid bunch... no-one is holding a gun to your head, you can go to a public hospital...

These personal wealth figures in the hundreds of millions just proves that they have managed to grab us by the short and curly's and milk us for the max. They should realize the responsibility they have in providing what has become an essential service. However, greed is the order of the day.

Let's see you try making a living without a cellphone... even a dirt poor vegetable hawker needs one to operate. Did you know that for 9 years, MTN enjoyed a lucrative monopoly in Rwanda where landlines are scarce and they are HEAVY users? They only started getting off their fat backsides when Terracom came to town... indeed why should they if they can get government favours like dear telkom. You might think Telkom are doing the right thing too, but I don't.

Capitalism, communism, socialism, other-isms... they all fail when people get greedy.
 
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DJK said:
And the fact of the matter is that this is how business operates in a capitalist society. I say kudos to them! Well run company, providing a valuable service, turning a good profit and keeping their investors happy as well. You're just looking for an outlet to vent your pent up anger...
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I disagree with you there about our "capitalist" telecoms society. With court cases, Ivy getting a failing grade every year and all the protection that the big guys get from government I would hardly call our market free and fair. Hopefully all the court cases will result in easier licenses and then the cell phone networks will get some more competition. Then they can operate their business to their hearts content and I will not moan cause if I don't like them I can switch to compnay A,B,C,D,E,F,G or H instead of Vodacom or Cell C...
 
Agreed PKID... DJK - don't get me wrong, I'm not advocating for government to step in and make laws about wealth distribution, but I am strongly suggesting that it's not possible to make obscene amounts of money without some shady dealing with the lawmakers and competition watchdogs... At the very least I am saying that while it is their legal right to make lots of money, as human beings they should look at ways to increase their turnover while lowering their margins... we should encourage them to at least feel a twinge of compassion for the suffering out there - they drive past it every day and pretend it doesn't exist.
 
Damn, imagine the 2400 + staff capitalising on this deal? lucky them
 
Hey tomatoesarefruit, you're wasting your time. Refer to this thread to see what I'm talking about... read from about post 14 onwards. No arguing with certain people about the "righteousness" of capitalism...
 
HammerDown said:
The numbers thrown around makes me want to throw up. Reminds me of that Dire Straights song..Money for Nothing....$&% BEE
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Actually it has nothing to do with BEE. If you were raising the issue of corporate bonuses for executives, we might give some credence to your views but since you ignorantly assumed it was the BEE, I must take your post as a racist rant.
 
MTN’s best kept secret is out, hold on to your shares. At least chief executive Phuthuma Nhleko is reluctant to get rid of his.
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How is this MTN's best kept secret? :confused:

Nhleko had the option of selling 2 million shares in the company he shepherds, but only sold about 877 000, at a value of more than R90-million.
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When did he sell them? And why did he sell them if he was gonna buy 1 million in November and 1 million last week??? :confused:

Had he exercised the full option, he would have cashed in more than R200-million. As of March 2008, Nhleko had a 1.03% direct shareholding in MTN that amounted to R2.3-billion. He then bought 1 million shares in November and added another million to his portfolio last week.
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Is this article perhaps just an advert to buy MTN shares?
 
Why does this kind of thing make some ppl sick? For crying out loud stop your envy get off your behinds(yes that means stop playing wow) and go get that paper yourselfs! ;)
Those are mad amounts and thats great for him i think, wish it was me, but yeah maybe in another life :p
Imagine the kind of stress that type of money brings :eek:
 
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