MTN shareholder and nominee breakdown

[Jan]

Who really owns MTN

Standard Bank holds 46.78% of MTN's issued share capital, while 22.01% is owned by the Government Employees Pension Fund (GEPF), according to MTN's financial statements for 2021.

Standard Bank's holding in MTN dropped significantly from 993.1 million shares in 2020 to 881.4 million in 2021.

 

[genetic]

Standard Bank is the MTN Group’s most significant stakeholder at 46.78%,

That explains a lot

What does it explain besides the fact that they're the biggest shareholder?