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Johannesburg – Telecoms giant MTN’s shares rose 1 percent yesterday after falling more than 10 percent last week, following reports that Nigeria’s parliament was probing the legality of the reduction of the mobile operator’s hefty fine in the country.

MTN shares closed 0.89 percent stronger on the JSE yesterday to close at R128.64 as the company moved to downplay reports of the possible increase in the fine.

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