MTN Group’s return on capital employed (ROCE) has been growing steadily in recent years, which is a good sign for the company’s long-term prospects. ROCE is a measure of how efficiently a company is using its capital to generate profits, so a growing ROCE suggests that MTN Group is becoming more efficient and profitable over time. This is important for investors because it means that MTN Group is likely to be able to reinvest its profits more effectively and generate even higher returns in the future.
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