MTN Group has detailed the biggest risks it faces in its integrated report for the year ended 31 December 2017.
The company’s integrated report is its primary communication to all stakeholders, and aims to let readers “make an informed assessment of our performance and prospects”.
“Using an integrated assurance methodology, in 2017 we considered the following to be MTN’s most material risks based on the residual risk rating of each,” said MTN.
“This takes into account the probability of the risk occurring, the impact should it materialise, and the mitigation strategies in place. Rankings change during the year, however, each of these risks receives equal management attention.”
10 biggest risks
The 10 risks MTN listed in the report are ranked below.
- Foreign exchange volatility and weakening currencies.
- Operational and compliance risks.
- Increased regulatory pressures.
- Suboptimal cash generation and upstreaming to the group.
- Political and economic risk in our key markets: South Africa, Nigeria, and Iran.
- Spectrum cost and availability.
- Ability to successfully execute large group strategic and change programmes.
- Returns on capex deployed.
- Optimisation of investment portfolio.
- Increasing cyber and information risks.