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Thu 28 Aug 2025
Close: 15 233c 
Day's move: 187c (1.24%)
Volume: 5 192 155
Trades: 11 644
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MTN - strategic review and director changes
The MTN Group board (the Board) has, over the past several months, been in the process of evaluating the Ambition 2025 strategy and its execution. As part of this assessment, the Board has also considered the evolving geopolitical, macroeconomic and technology landscapes.
Strengthening alignment in implementation of capital allocation
Tsholofelo Molefe, the Group Chief Financial Officer (GCFO) will have her responsibilities expanded to incorporate the mergers and acquisitions (M&A) portfolio. Kholekile Ndamase, currently Chief M&A and Business Development Officer, will step down from the Group Exco and have a new reporting line to Tsholofelo in her role as the steward for the capital allocation framework and its implementation at the Group level.
Streamlining our Markets structure for greater efficiency and growth
Ismail Jaroudi, currently Vice President (VP) of Middle East and North Africa, will step down from Group Exco and assume the role of VP of Special Projects in the office of the Group President and CEO, focused on portfolio optimisation initiatives. He will also continue his role as CEO of MTN Dubai.
Enhancing growth and returns in South Africa
Ferdi Moolman, the current Group Chief Risk Officer (GCRO), will succeed Charles Molapisi as CEO and Executive Director of MTN South Africa. Charles led MTN SA through a challenging period of high power outages and network resilience, maintaining the company's network leadership.
Yolanda Cuba, currently VP for SEA, will step down from Group Exco to become Deputy CEO and Executive Director of MTN SA. Both Ferdi and Yolanda bring extensive group-wide experience and will collaborate to accelerate growth and maximize returns in MTN SA.
Consolidating commercial and strategy structure
Selorm Adadevoh, currently the Group Chief Commercial Officer (GCCO), will take on expanded responsibilities to include Strategy and Transformation. Chika Ekeji, the current Chief Strategy and Transformation Officer, will step down from the Group Exco to focus on accelerating the growth of some of the emerging businesses aligned to the platform strategy.
Succession in key Group roles
The replacement of the current GCRO, will be announced in due course and the role will continue to be included in the Group Exco. Paul Norman, currently Group Chief Human Resources Officer, will be retiring at the end of 2026. Paul's successor is anticipated to be announced by mid-2026.
MTN SA governance changes
MTN Group shareholders were further advised that, ahead of the upcoming retirement in 2026 of the Chairman of MTN SA, Mike Harper, the Company has been implementing measures to ensure a smooth and structured transition to the entity's board leadership. In this context, the company announced that Sindisiwe (Sindi) Mabaso-Koyana will succeed Mike as the new Chairperson of MTN SA in the first quarter of 2026.
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MTN - MTN Rwanda interim results released
MTN shareholders (Shareholders) were advised that MTN Rwanda has released its financial results for the six- month period ended 30 June 2025, on the Rwanda Stock Exchange on 13 August 2025. As MTN Rwanda is a subsidiary of MTN, Shareholders were further advised that these financial results can be viewed at: www.mtn.co.rw/financial-results/.
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MTN - MTN Uganda results released
MTN shareholders (Shareholders) were advised that MTN Uganda has released its financial results for the six- month period ended to 30 June 2025, on the MTN Uganda website on 11 August 2025. As MTN Uganda is a subsidiary of MTN, Shareholders are further advised that these financial results can be viewed at: www.mtn.co.ug/investors/financial-reports/
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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