MTN Group Management

Management criteria checks 4/4

MTN Group's CEO is Ralph Mupita, appointed in Sep 2020, has a tenure of 3.58 years. total yearly compensation is ZAR62.82M, comprised of 28.1% salary and 71.9% bonuses, including company stock and options. directly owns 0.048% of the company’s shares, worth €3.43M. The average tenure of the management team and the board of directors is 3.3 years and 5.8 years respectively.

Key information

Ralph Mupita

Chief executive officer

R62.8m

Total compensation

CEO salary percentage	28.1%
CEO tenure	3.6yrs
CEO ownership	0.05%
Management average tenure	3.3yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ralph Mupita's remuneration changed compared to MTN Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	R63m	R18m	R4b
Sep 30 2023	n/a	n/a	R12b
Jun 30 2023	n/a	n/a	R21b
Mar 31 2023	n/a	n/a	R20b
Dec 31 2022	R77m	R16m	R19b
Sep 30 2022	n/a	n/a	R19b
Jun 30 2022	n/a	n/a	R19b
Mar 31 2022	n/a	n/a	R16b
Dec 31 2021	R63m	R8m	R14b
Sep 30 2021	n/a	n/a	R11b
Jun 30 2021	n/a	n/a	R8b
Mar 31 2021	n/a	n/a	R12b
Dec 31 2020	R31m	R12m	R17b
Sep 30 2020	n/a	n/a	R17b
Jun 30 2020	n/a	n/a	R17b
Mar 31 2020	n/a	n/a	R13b
Dec 31 2019	R66m	R9m	R9b
Sep 30 2019	n/a	n/a	R9b
Jun 30 2019	n/a	n/a	R9b
Mar 31 2019	n/a	n/a	R9b
Dec 31 2018	R23m	R8m	R9b
Sep 30 2018	n/a	n/a	R6b
Jun 30 2018	n/a	n/a	R3b
Mar 31 2018	n/a	n/a	R4b
Dec 31 2017	R20m	R6m	R4b

Compensation vs Market: Ralph's total compensation ($USD3.30M) is about average for companies of similar size in the German market ($USD3.40M).

Compensation vs Earnings: Ralph's compensation has been consistent with company performance over the past year.

CEO

Ralph Mupita (51 yo)

3.6yrs

Tenure

R62,815,000

Compensation

Mr. Ralph Tendai Mupita, BSc (Hons)(Eng.), MBA, GMP (Harvard), serves as Non-Executive Director of MTN Nigeria Communications PLC since April 13, 2017. He served as a Non-Executive Director at Scancom Plc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ralph Mupita	Group President	3.6yrs	R62.82m	0.048% ZAR 3.4m
Tsholofelo B. Molefe	Group CFO & Executive Director	3yrs	R18.51m	0.0027% ZAR 197.0k
Ebenezer Asante	Senior Vice President of Markets	2.2yrs	R49.88m	no data
Karl Toriola	Chief Executive Officer of MTN Nigeria	3.1yrs	R39.07m	no data
Charles Molapisi	Chief Executive Officer of MTN South Africa	2.3yrs	R24.97m	0.0029% ZAR 209.2k
Mazen Mroue	Group Chief Information & Technology Officer	2.2yrs	no data	no data
Kelebogile Modise	Group Chief Legal & Regulatory Affairs Officer	4.7yrs	R11.89m	no data
Paul Norman	Group Chief Human Resources Officer	27.3yrs	R17.64m	0.0082% ZAR 585.9k
Suren Sooklal	Group Chief Business Risk Officer	9.2yrs	R4.61m	no data
Rahul De	CEO of MTN Liberia Lonestar Cell & Chief Marketing Officer of Nigeria	8.7yrs	no data	no data
Ferdinand Moolman	Group Chief Risk Officer	3.1yrs	R23.59m	no data
Kholekile Ndamase	Group Chief M&A and Business Development Officer	7.6yrs	no data	no data

3.3yrs

Average Tenure

52yo

Average Age

Experienced Management: LL6's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ralph Mupita	Group President	7yrs	R62.82m	0.048% ZAR 3.4m
Tsholofelo B. Molefe	Group CFO & Executive Director	3yrs	R18.51m	0.0027% ZAR 197.0k
Stanley Miller	Independent Non-Executive Director	7.7yrs	R4.11m	0.00042% ZAR 30.1k
Nkululeko Sowazi	Independent Non-Executive Director	7.7yrs	R1.81m	no data
Shaygan Kheradpir	Independent Non-Executive Director	8.8yrs	R4.01m	no data
Sindisiwe Mabaso-Koyana	Independent Non-Executive Director	3.6yrs	R1.99m	0.000040% ZAR 2.9k
Vincent Rague	Independent Non-Executive Director	4.8yrs	R4.30m	no data
Mcebisi Jonas	Independent Non-Executive Chairman	5.8yrs	R5.76m	no data
Khotso D. Mokhele	Independent Non-Executive Director	5.8yrs	R2.11m	no data
Sanusi Lamido A. Sanusi	Independent Non-Executive Director	4.8yrs	R4.17m	no data
Thabo Mbeki	Chair of International Advisory Board	no data	no data	no data
John Kufuor	Member of International Advisory Board	no data	no data	no data

5.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: LL6's board of directors are considered experienced (5.8 years average tenure).

MTN Group Management

Management criteria checks 4/4

Key information

Recent management updates

MTN Group Limited Announces Executive Changes

MTN Group Limited Announces Election of Social, Ethics and Sustainability Committee Members

Group Chief Human Resources Officer recently sold €262k worth of stock

Group CFO & Executive Director recently bought €225k worth of stock

MTN Group Limited Appoints Nicky Newton-King as an Independent Non-Executive Director, Effective 1 January 2023

MTN Group Announces Executive Changes

Recent updates

Upcoming dividend of R3.30 per share

Dividend of R3.30 announced

Full year 2023 earnings released: EPS: R2.27 (vs R10.71 in FY 2022)

New major risk - Revenue and earnings growth

MTN Group Limited to Report Fiscal Year 2023 Results on Mar 25, 2024

MTN Group Limited Announces Executive Changes

Mastercard Incorporated (NYSE:MA) signed a memorandum of understanding to acquire an unknown minority stake in Fintech Division of MTN Group Limited (JSE:MTN).

First half 2023 earnings released: EPS: R5.11 (vs R4.45 in 1H 2022)

Mastercard Incorporated (NYSE:MA) signed a memorandum of understanding to acquire an unknown minority stake in Fintech Division of MTN Group Limited (JSE:MTN).

MTN Group Limited Provides Group Earnings Guidance for the Six Months Ended 30 June 2023

Investor sentiment improves as stock rises 16%

MTN Likely to Keep IHS Towers Stake for Now

MTN Group Limited Announces Election of Social, Ethics and Sustainability Committee Members

Group Chief Human Resources Officer recently sold €262k worth of stock

Group CFO & Executive Director recently bought €225k worth of stock

Upcoming dividend of R3.30 per share at 2.6% yield

Full year 2022 earnings released: EPS: R10.71 (vs R7.63 in FY 2021)

MTN Group Limited Appoints Nicky Newton-King as an Independent Non-Executive Director, Effective 1 January 2023

MTN Group Announces Executive Changes

MTN Group Appoints Willington Ngwepe as Chief of Staff of the Group President

First half 2022 earnings released

MTN Group Limited to Report Q2, 2022 Results on Aug 11, 2022

MTN in Talks to Buy Telkom

IHS Holding Limited (NYSE:IHS) completed it's acquisition of a 70% stake in 5701 Towers of MTN Group from MTN Group Limited (JSE:MTN).

MTN Group Appoints Tumi Chamayou as Group Executive for Enterprise Business Unit, Effective 1 June 2022

Upcoming dividend of R3.00 per share

Full year 2021 earnings: Revenues in line with analyst expectations

Investor sentiment improved over the past week

MTN Group Limited Provides Earnings Guidance for the Year Ended 31 December 2021

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First half 2021 earnings released: EPS R1.48 (vs R6.74 in 1H 2020)

Investor sentiment improved over the past week

New 90-day high: €4.59

Full year 2020 earnings released: EPS R9.47 (vs R5.06 in FY 2019)

Revenue beats expectations

MTN Group Limited to Report Fiscal Year 2020 Results on Mar 10, 2021

Proximus PLC (ENXTBR:PROX) signed an agreement to acquire remaining 42.4% stake in Belgacom International Carrier Services SA from Swisscom AG (SWX:SCMN) and MTN Group Limited (JSE:MTN) for approximately €220 million.

Investor sentiment improved over the past week

New 90-day high: €3.92

MTN to Sell-Off its Towers Business

Investor sentiment deteriorated over the past week

MTN Group Limited Announces Changes to Regional Structure and the Group Executive Committee

Market bids up stock over the past week

Market bids up stock over the past week

New 90-day high: €3.72

Market bids up stock over the past week

MTN Group Limited Announces Management Changes

New 90-day low: €2.71

MTN Group Limited Announces Executive Changes

MTN Group Limited Not to Declare A 2020 Interim Dividend

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age