MTN South Africa CEO Ferdi Moolman MTN South Africa is targeting between R4-billion and R6-billion in savings by 2029 under a sweeping “structural reset” that its new CEO, Ferdi Moolman, insists is a restructuring of the business rather than a simple cost-cutting exercise. Presenting at MTN Group’s capital markets day on Wednesday, Moolman positioned the…
MTN Group CEO Ralph Mupita MTN Group on Wednesday unpacked its Ambition 2030 strategy under the banner “one MTN, three platforms” – with targets to triple its fibre network, grow fintech 13x and double data usage. Ambition 2030, MTN’s new five-year strategy, is built around three platforms – connectivity, fintech and digital infrastructure – with…
MTN Group Fintech has signed a technology partnership with Ant International – part of Ant Group, the Chinese company behind Alipay – to rebuild its MoMo mobile money service into a “super app”, beginning with a launch in Nigeria next quarter. Under the agreement, announced on Tuesday, MTN will use Ant’s technology to add a…
South Africa’s soaring youth unemployment rates of more than 60% and low literacy levels are indicative of structural breakdowns across education, skills, connectivity, labour market, access and governance. Marina Madale, MTN sustainability and shared value executive, speaking at the Trialogue Business in Society conference. Opening the MTN-sponsored panel discussion at the Trialogue Business in Society…
IHS Holding’s board backed MTN Group’s plan to buy out other shareholders and take the telecom tower operator private, setting up a vote on one of Africa’s largest digital infrastructure deals. MTN will offer $8.50 a share in cash through its subsidiaries Mobile Telephone Networks Netherlands B.V. and Sub-Merger Co. If approved, IHS will become…
MTN South Africa CEO Ferdi Moolman Online gambling has emerged as a surprising drag on MTN South Africa’s prepaid business, with the parent group citing the surge in betting activity as a key reason its local mobile arm is struggling to grow. In its 2025 integrated report, published on Wednesday, MTN said muted prepaid growth…
MTN Group contributed a total of R61.1 billion in taxes across the 16 markets in which it operates. In 2025, MTN South Africa’s total tax contribution (TTC) to the national fiscus was R4.8 billion, the MTN Group’s Tax Transparency Report shows. In a statement, the company says this extends beyond the corporate income taxes it…
MTN Group CEO Ralph Mupita MTN Group CEO Ralph Mupita’s total remuneration for the 2025 financial year jumped by more than half to R99.3-million – the highest single-year package he has received since taking the top job at the JSE-listed telecommunications group in September 2020. Mupita’s R99.3-million earnings figure marks a 53% increase on the…
MTN Group non-executive director Vincent Rague A non-executive director of MTN Group “inadvertently” traded the company’s shares during a JSE closed period in early January 2026, and did so without obtaining prior clearance – a breach of the JSE’s listings requirements and MTN’s own share dealing policy. The matter is disclosed in MTN’s 2025 integrated…
In September 2025, MTN Group, in partnership with the University of Johannesburg (UJ) and the African Editors Forum (TAEF), launched the MTN Pan-African Media Innovation Programme (MIP) at MTN Group Headquarters in Johannesburg. The launch marked the expansion of a proven national initiative in Nigeria into a continent-wide platform aimed at strengthening the future of…
