MTN Group Ltd. (MTN), Africa’s largest wireless operator, said full-year profit increased 27 percent, exceeding estimates, after the South African rand weakened and subscriber numbers rose across its 22 markets. Headline earnings per share, which exclude one-time items, were 13.86 rand in 2013, the Johannesburg-based company said in a statement […]

FirstRand Ltd. (FSR), South Africa’s second-largest lender, said it’s expanding corporate banking in Nigeria to take advantage of surging growth in the continent’s most populous nation. “We are growing into commercial banking in Nigeria,” Sizwe Nxasana, chief executive officer of FirstRand, said in a phone interview from Johannesburg today, adding […]

Apple’s chief financial officer Peter Oppenheimer will retire at the end of September, having worked at the California company for 18 years. Oppenheimer, who joined the company in 1996 and has worked as CFO since 2004, will be replaced by Apple’s current vice president of finance, Luca Maestri, who will […]