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MTN Group Ltd
JSE:MTN

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MTN Group Ltd
JSE:MTN
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Price: 8 459 Zac 3.3% Market Closed
Market Cap: 154.6B Zac
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MTN Group Ltd
Investor Relations

MTN Group Ltd., a telecommunications titan headquartered in Johannesburg, has woven itself into the fabric of African connectivity with an audacious and expansive reach. Established in 1994, amidst the transformative tides of South Africa's newly attained democracy, MTN began its journey by capitalizing on the burgeoning demand for mobile services. Today, it stands as a beacon of communication across the African continent and beyond, with operations spanning over 20 countries, including Nigeria, Iran, and Ghana. The company has meticulously built and operated robust mobile networks that provide voice, data, and digital services to millions. With a focus on the unique needs of emerging markets, MTN has adeptly navigated the diverse regulatory landscapes, earning its place as a key player in connecting people and businesses.

Underpinning MTN's financial success is its comprehensive business model that generates revenue from various streams. Its primary source of income stems from voice services, which, despite the global shift towards data, remains a significant revenue contributor in many of its operating regions. Data services represent the next vital artery of revenue, driven by the increasing demand for internet access and the proliferation of smartphones. MTN's strategy involves offering affordable data packages tailored to the local markets. Additionally, mobile financial services like MTN Mobile Money have grown into a prominent segment, especially in regions with low banking penetration, by providing users with accessible options for transactions and financial management. Through these strategic endeavors, MTN not only sustains its financial foundations but also fosters economic empowerment and inclusion across its diverse footprint.

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Earnings Calls

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Management

Mr. Ralph Tendai Mupita B.Sc., M.B.A.
Group President, CEO & Executive Director

Ralph Tendai Mupita is a distinguished business executive known for his role as the President and CEO of MTN Group Limited, one of Africa's largest telecommunications companies. Born in Zimbabwe, Mupita holds a Bachelor of Science degree in Civil Engineering from the University of Cape Town and an MBA from the University of Cape Town's Graduate School of Business. Before rising to the position of CEO at MTN Group in September 2020, Mupita joined the company in April 2017 as the Chief Financial Officer. During his tenure as CFO, he played a critical role in steering MTN through various financial challenges and implementing strategies that drove growth and sustainability. Prior to his career at MTN, Mupita had an extensive and successful tenure at Old Mutual, a prominent pan-African investment, savings, insurance, and banking group. He served as the Chief Executive Officer of Old Mutual Emerging Markets, where he was instrumental in expanding the company's footprint across the African continent and other emerging markets. Under his leadership, MTN has focused on leveraging technology to expand digital services and financial inclusion across Africa and the Middle East, aligning with the company's strategy of becoming a digital operator. Ralph Mupita is known not only for his strategic acumen and leadership skills but also for his commitment to driving socio-economic development through digital and financial inclusion on the African continent.

Ms. Tsholofelo B. L. Molefe BA (Hons), BCompt (Hons), CA(SA), CTA
Group CFO & Executive Director

Tsholofelo B. L. Molefe is a prominent South African business executive known for her extensive expertise in financial management and corporate leadership. She currently serves as the Group Chief Financial Officer (CFO) at MTN Group Ltd, a leading telecommunications company in Africa and the Middle East. In her role, Molefe is responsible for overseeing MTN's financial operations and strategies, contributing to the company's growth and sustainability. Molefe holds a Bachelor of Commerce (BCompt) Honours degree and a Certificate in the Theory of Accounting (CTA), both of which underline her strong foundation in financial and accounting principles. Additionally, she holds a Bachelor of Arts (Honours) degree, which complements her comprehensive understanding of business and management practices. Her qualifications are further enhanced by her designation as a Chartered Accountant (South Africa) [CA(SA)], reflecting her professional proficiency and adherence to high ethical standards in accountancy. Before joining MTN, Molefe held various senior finance roles in major companies, where she demonstrated her capacity for leading financial teams and driving corporate success. Her leadership is characterized by strategic financial planning, risk management, and capital allocation, all of which are vital to MTN's operations across its diverse markets. Molefe's role is integral in aligning MTN's financial practices with its long-term objectives, thereby promoting enduring value creation for stakeholders.

Mr. Charles Molapisi
Chief Executive Officer of MTN South Africa

Mr. Charles Molapisi is a prominent executive in the telecommunications industry, known for his tenure at MTN Group Ltd, one of Africa's leading telecommunications companies. With a strong background in Information and Communications Technology (ICT), Molapisi has played a significant role in driving innovation and operational excellence within the company. Before his current position at MTN, Molapisi held various leadership roles, gaining extensive experience in the telecommunications sector. He served as the Chief Technology and Information Officer for MTN Zambia, where he spearheaded various technological transformations and infrastructure development initiatives that enhanced the company’s service delivery and customer experience. His leadership in technology integration and strategic planning has been pivotal in advancing MTN’s business objectives and expanding its market presence. In recognition of his effective management and visionary leadership, Charles Molapisi has been entrusted with progressively more significant responsibilities within MTN Group, including leading digital innovation projects and steering strategic technology deployments. His contributions have not only facilitated the company's technological edge but have also reinforced MTN's commitment to providing reliable and advanced telecommunications services across Africa. His professional journey is marked by a dedication to leveraging technology to foster growth and connectivity, reflected in the success of the initiatives he has led within MTN Group Ltd.

Mr. Mazen Mroue
Group Chief Information & Technology Officer

Mazen Mroue is an accomplished executive with extensive experience in the telecommunications industry. He has held several key positions within the MTN Group Ltd, a major multinational telecommunications company operating in numerous countries across Africa and the Middle East. Mroue has demonstrated a strong track record in leadership, strategy, and operations throughout his career. Before joining MTN, Mazen Mroue held various leadership roles with other telecommunications firms, enhancing his expertise in managing large-scale operations and driving business growth. Within MTN, he has served in different capacities, contributing significantly to the company's success and expansion in different markets. Mroue has been recognized for his strategic thinking and innovative approach, playing a crucial role in enhancing MTN's service offerings and customer experience. His leadership skills and industry knowledge make him a valuable asset to the MTN Group, helping the company to navigate the competitive telecom landscape effectively.

Ms. Kelebogile Modise
Group Chief Legal & Regulatory Affairs Officer

Kelebogile Modise is recognized as a significant figure within MTN Group Ltd, serving as the company's Executive for Group Sustainability. In this capacity, she plays a vital role in steering the company's sustainability agenda, focusing on integrating sustainable practices across the organization. Modise is tasked with ensuring that MTN's operations positively impact society and the environment while aligning with global sustainability standards. Her work is pivotal in driving MTN's commitment to responsible business practices and contributing to various sustainability initiatives that promote long-term value creation for stakeholders.

Mr. Suren Sooklal
Group Chief Business Risk Officer

Suren Sooklal is a seasoned professional with extensive experience in the telecommunications and technology sectors, particularly known for his strategic and leadership roles at MTN Group Ltd. As an executive within the MTN Group, Sooklal has contributed significantly to the company's growth and development, leveraging his expertise in business development, finance, and operations. In his capacity at MTN, Sooklal has been involved in driving key initiatives that enhance the company’s market position and operational efficiency. He is recognized for his ability to navigate complex business environments and his proficiency in fostering cross-functional collaboration to achieve corporate objectives. With a deep understanding of the industry's dynamics, Sooklal plays a crucial role in shaping the strategic direction of MTN, ensuring its alignment with evolving market demands and technological advancements. Sooklal's career is marked by his commitment to innovation and excellence, and he has been instrumental in implementing transformative strategies that promote sustainable growth and increased shareholder value at MTN Group Ltd.

Mr. Rahul De
CEO of MTN Liberia Lonestar Cell & Chief Marketing Officer of Nigeria

Rahul De is an executive known for his role in telecommunications, particularly with MTN Group Ltd, a multinational telecommunications company. He holds the position of Chief Executive Officer at MTN Liberia, part of the MTN Group. With substantial experience in the telecom industry, Rahul De has been instrumental in driving MTN's mission in Liberia, focusing on expanding and enhancing mobile and data services in the region. MTN Group Ltd is recognized for its extensive footprint in African and Middle Eastern markets, and executives like Rahul contribute significantly to its operations and growth strategies through leadership, innovation, and a commitment to digital transformation in these regions. His leadership is particularly important in fostering connectivity and leveraging digital opportunities to improve service delivery and customer experience, ensuring that MTN remains a competitive player in the ever-evolving telecom landscape.

Mr. Ferdinand Moolman
Group Chief Risk Officer

Ferdinand Moolman is a notable figure in the telecommunications industry, particularly known for his association with MTN Group Ltd, one of Africa's leading telecommunications companies. He joined MTN in 2002 and has held various pivotal roles within the organization. Moolman initially served in financial management within MTN, which laid the groundwork for his subsequent leadership roles. His significant tenure includes serving as the CEO of MTN Nigeria, the Group's most substantial operation, beginning in 2015. During his leadership in Nigeria, he was credited with navigating the company through numerous challenges, including regulatory hurdles and market volatility. Under his guidance, MTN Nigeria strengthened its market position and continued to expand its subscriber base. In 2020, Moolman was appointed as the Chief Risk Officer of MTN Group, a role that leveraged his deep understanding of the telecom sector and operational risks, highlighting his expertise in shaping strategic risk frameworks for the company. His career at MTN is marked by a focus on strategic growth, financial acumen, and effective risk management.

Mr. Kholekile Ndamase
Group Chief M&A and Business Development Officer

Kholekile Ndamase is a notable executive associated with the MTN Group Ltd., a prominent telecommunications company based in South Africa. He currently serves as the Group Chief Mergers and Acquisitions Officer at MTN. In this role, Ndamase is responsible for overseeing strategic transactions, mergers, and acquisitions that align with MTN's business objectives and growth strategy. Ndamase brings a wealth of experience in investment banking and corporate finance, which is integral to his position at MTN. Before joining MTN, he held senior positions at various financial institutions, where he honed his skills in strategic financial planning and execution. His expertise plays a crucial role in navigating the dynamic telecommunications sector, enabling MTN to expand its footprint across Africa and other regions. Through his leadership, Kholekile Ndamase contributes significantly to MTN's vision of leading digital solutions for Africa's progress, ensuring that the company remains competitive and able to meet the evolving needs of its customers.

Ms. Nompilo Morafo
Group Chief Sustainability & Corporate Affairs Officer

Nompilo Morafo is an accomplished South African executive and communication specialist currently serving as the Group Executive for Corporate Affairs and Sustainability at MTN Group Ltd. She is responsible for steering the company's strategic direction in social and economic responsibility, focusing on sustainable growth across MTN's various operations. Nompilo brings a wealth of experience in communications, stakeholder engagement, and corporate partnerships, which plays a pivotal role in MTN's efforts to enhance its corporate reputation and drive positive community impact. Her leadership is instrumental in advancing MTN’s sustainability agenda and reinforcing its commitment to responsible business practices.

Contacts

Address
GAUTENG
Roodepoort
216 - 14th Avenue Fairland
Contacts
+27119123000.0
www.mtn.co.za