The challenges MTN faces in South Africa
MTN acknowledged that it faces many challenges in South Africa, including a limited growth ceiling, extremely high prepaid churn, and online betting diverting consumer spending.
MTN South Africa CEO Ferdi Moolman and Group CEO Ralph Mupita discussed...
MTN clears hurdle in billion-rand tower deal
MTN Group has taken a significant step towards the fulfilment of its IHS Towers acquisition, a deal that resulted in a pro forma profit of R2.011 billion for its 2025 financial year.
The South African telecom giant required approval from IHS Towers'...
MTN reveals pro forma profit from potential IHS acquisition
MTN Group revealed its takeover of international cellular tower infrastructure company IHS resulted in a pro forma profit of R2.011 billion in its 2025 financial year.
The African telecoms giant announced it would purchase the...
MTN service revenue surging everywhere in Africa except in SA
MTN recorded a 20% increase in service revenue across all its markets in the first quarter of 2026, but growth in South Africa continued to remain flat.
In a Q1 2026 trading update on Tuesday, the company explained that one of the...
MTN Group CEO made R99.31 million in one year
MTN South Africa's new chief executive officer (CEO), Ferdi Moolman, received total remuneration of R18.032 million in his first two months at the head of the African telecoms giant's local business.
The amount was published in MTN's 2025...
MTN executive pay in the spotlight
MTN's annual general meeting (AGM) is around the corner, and if 2025 is anything to go by, executive pay will rank high on the agenda.
Last year, shareholders voiced their unhappiness with MTN's executive remuneration and implementation report.
MTN must quit Iran — economist
MTN should cut its losses and exit Iran, as it faces either reputational or financial harm if it fails to act following the outbreak of widespread protests against the country’s authoritarian theocratic regime.
That is the view of Iraj Abedian, economist and...
MTN planning big cloud data centre expansion
Africa’s largest wireless carrier, MTN, is in talks with US and European firms to build out data centres on the continent to power artificial intelligence services, said chief executive officer Ralph Mupita in an interview.
The Johannesburg-based...
MTN share price plummets after SA management shake-up
MTN Group Ltd.’s shares plunged after revenue at its South African unit fell, prompting the continent’s biggest mobile-phone operator to revamp its management.
The shares fell as much as 10% in Johannesburg — the most since March 2023 —...
MTN service revenue surges in first half of 2025
MTN put up an impressive financial performance during the first half of 2025 (H1 2025), with service revenue and subscribers surging in two of its biggest markets.
For the six months ending 30 June 2025, MTN Group's service increased by 23.2% to...
MTN fighting back against Nigerian R904-million back-tax bill
The Naira’s plunge weighed on the earnings of Nigeria’s biggest wireless carriers.
MTN Group Ltd. increased its estimate of unrealised foreign-exchange losses in Nigeria and restated its earnings per share for the six months through...
MTN selling stake of R99-billion fintech business to Mastercard
MTN, Africa’s biggest wireless carrier, said Mastercard agreed to take a minority stake in its financial-technology business, which the company values at $5.2 billion (R98.71 billion).
MTN declined to reveal the value of the deal.
MTN in discussions to sell West African markets
MTN Group Ltd. is in advanced talks with Axian Group Ltd. to sell some of its West African markets, according to people familiar with the matter, as Africa’s largest mobile operator trims its portfolio.
The companies are negotiating on prices for...
How much MTN South Africa's CEO gets paid
MTN South Africa CEO Charles Molapisi earned R34,071,000 in 2022 — around R9 million more than he made in 2021.
Molapisi was appointed CEO of MTN's South African business on 1 January 2022, explaining the sharp increase in his annual compensation.
South Africa narrowly dodged total grid collapse, says Nedbank chief economist
Nedbank chief economist Nicky Weimar said that South Africa narrowly avoided a total blackout in February, with the grid almost shutting down completely.
She was speaking during a Nedbank Private Wealth webinar on...
MTN plans to use state of disaster to source electrical engineers from other African countries
MTN hopes the national state of disaster over Eskom will allow it to bring in electrical engineers working in other African countries to help manage its towers during load-shedding.
During the...
What happens if South Africa's electricity grid totally collapses
With South Africa enduring record power outages, the government has given assurances that the electricity grid won’t be allowed to collapse. Yet increasing numbers of businesses are preparing for that very eventuality.
Mining...
South Africa risks becoming a failed state
MTN Group CEO Ralph Mupita has warned that if South Africa does not act as a country to address the crises it faces, it risks becoming a failed nation-state.
“We have time, but the time is now to act very decisively around these crisis issues that the...
MTN will keep challenging Ghana's back-tax fine if talks fail
MTN Group Ltd., Africa’s largest wireless carrier, plans to start a dispute resolution process if talks with Ghanaian authorities over a surprise 8.2 billion GHS (R11.7-billion) back-tax bill it received last week fail.
Before...
Inside story of why MTN walked away from the Telkom deal
MTN didn’t walk away from negotiations to acquire Telkom over exclusivity demands, a source close to the matter told MyBroadband.
Earlier this week, Telkom informed shareholders that MTN ended their discussions on 18 October because it...