MTN Group Limited

JSE:MTN Stock Report

Market Cap: R351.1b

MTN Group Management

Management criteria checks 4/4

MTN Group's CEO is Ralph Mupita, appointed in Sep 2020, has a tenure of 5.5 years. total yearly compensation is ZAR69.38M, comprised of 27.4% salary and 72.6% bonuses, including company stock and options. directly owns 0.061% of the company’s shares, worth ZAR214.21M. The average tenure of the management team and the board of directors is 5 years and 6.7 years respectively.

Key information

Ralph Mupita

Chief executive officer

R69.4m

Total compensation

CEO salary percentage27.42%
CEO tenure5.5yrs
CEO ownership0.06%
Management average tenure5yrs
Board average tenure6.7yrs

Recent management updates

Should Shareholders Reconsider MTN Group Limited's (JSE:MTN) CEO Compensation Package?

May 22
Should Shareholders Reconsider MTN Group Limited's (JSE:MTN) CEO Compensation Package?

Recent updates

Is It Too Late To Consider Buying MTN Group Limited (JSE:MTN)?

Dec 12
Is It Too Late To Consider Buying MTN Group Limited (JSE:MTN)?

MTN Group Limited's (JSE:MTN) Price Is Right But Growth Is Lacking

Nov 24
MTN Group Limited's (JSE:MTN) Price Is Right But Growth Is Lacking

Should You Think About Buying MTN Group Limited (JSE:MTN) Now?

Sep 12
Should You Think About Buying MTN Group Limited (JSE:MTN) Now?

MTN Group's (JSE:MTN) Strong Earnings Are Of Good Quality

Aug 25
MTN Group's (JSE:MTN) Strong Earnings Are Of Good Quality

MTN Group Limited's (JSE:MTN) Subdued P/S Might Signal An Opportunity

Aug 14
MTN Group Limited's (JSE:MTN) Subdued P/S Might Signal An Opportunity

Should Shareholders Reconsider MTN Group Limited's (JSE:MTN) CEO Compensation Package?

May 22
Should Shareholders Reconsider MTN Group Limited's (JSE:MTN) CEO Compensation Package?

Here's Why MTN Group (JSE:MTN) Has A Meaningful Debt Burden

May 01
Here's Why MTN Group (JSE:MTN) Has A Meaningful Debt Burden

Is Now The Time To Look At Buying MTN Group Limited (JSE:MTN)?

Apr 08
Is Now The Time To Look At Buying MTN Group Limited (JSE:MTN)?
User avatar

Localization Progress In Uganda And Ghana Will Unlock Future Earnings

Strong growth in data and fintech services could positively impact MTN's revenue and boost net margins through high-margin products.

CEO Compensation Analysis

How has Ralph Mupita's remuneration changed compared to MTN Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025R69mR19m

R20b

Sep 30 2025n/an/a

R14b

Jun 30 2025n/an/a

R8b

Mar 31 2025n/an/a

-R1b

Dec 31 2024R92mR19m

-R9b

Sep 30 2024n/an/a

-R8b

Jun 30 2024n/an/a

-R7b

Mar 31 2024n/an/a

-R2b

Dec 31 2023R63mR18m

R4b

Sep 30 2023n/an/a

R10b

Jun 30 2023n/an/a

R15b

Mar 31 2023n/an/a

R17b

Dec 31 2022R77mR16m

R19b

Sep 30 2022n/an/a

R19b

Jun 30 2022n/an/a

R19b

Mar 31 2022n/an/a

R16b

Dec 31 2021R63mR8m

R14b

Sep 30 2021n/an/a

R11b

Jun 30 2021n/an/a

R8b

Mar 31 2021n/an/a

R12b

Dec 31 2020R31mR12m

R17b

Sep 30 2020n/an/a

R17b

Jun 30 2020n/an/a

R17b

Mar 31 2020n/an/a

R13b

Dec 31 2019R66mR9m

R9b

Compensation vs Market: Ralph's total compensation ($USD4.06M) is about average for companies of similar size in the ZA market ($USD3.69M).

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

CEO

Ralph Mupita (53 yo)

5.5yrs
Tenure
R69,376,000
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

NamePositionTenureCompensationOwnership
Ralph Mupita
Group President5.5yrsR69.38m0.061%
ZAR 214.2m
Tsholofelo B. Molefe
Group CFO & Executive Director4.9yrsR38.61m0.0055%
ZAR 19.3m
Ebenezer Asante
Senior Vice President of Southern4.1yrsR41.40mno data
Charles Molapisi
Group Chief Technology & Information Officer of MTN South Africaless than a yearR27.73m0.0029%
ZAR 10.1m
Karl Toriola
CEO of MTN Nigeria & VP of Francophone Africa5yrsR40.30mno data
Ferdinand Moolman
CEO & Executive Director of MTN South Africaless than a yearR11.88m0.0034%
ZAR 12.0m
Thato Motlanthe
Executive of Investor Relationsno datano datano data
Kelebogile Modise
Group Chief Legal & Regulatory Affairs Officer6.6yrsR11.89mno data
Paul Norman
Group Chief Human Resources Officer29.2yrsR17.64m0.0081%
ZAR 28.3m
Suren Sooklal
Group Chief Business Risk Officer11.1yrsR4.61mno data
Nompilo Morafo
Group Chief Sustainability & Corporate Affairs Officer4.1yrsno datano data
Frederic Schepens
Chief Executive Officer of GlobalConnect8.4yrsno datano data
5.0yrs
Average Tenure
55yo
Average Age

Experienced Management: MTN's management team is seasoned and experienced (5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Ralph Mupita
Group President8.9yrsR69.38m0.061%
ZAR 214.2m
Tsholofelo B. Molefe
Group CFO & Executive Director4.9yrsR38.61m0.0055%
ZAR 19.3m
Ferdinand Moolman
CEO & Executive Director of MTN South Africaless than a yearR11.88m0.0034%
ZAR 12.0m
Timothy Pennington
Independent Non-Executive Director3.6yrsR123.41m0.00077%
ZAR 2.7m
Stanley Miller
Independent Non-Executive Director9.6yrsR99.98mno data
Nkululeko Sowazi
Independent Non-Executive Director9.6yrsR2.84mno data
Carol Winifred Molope
Independent Non-Executive Director4.9yrsR3.10mno data
Sindisiwe Mabaso-Koyana
Independent Non-Executive Director5.5yrsR3.33m0.000040%
ZAR 140.4k
Vincent Rague
Independent Non-Executive Director6.7yrsR108.25m0.00038%
ZAR 1.3m
Mcebisi Jonas
Independent Non-Executive Chairman7.8yrsR9.61mno data
Khotso D. Mokhele
Lead Independent Non-Executive Director7.7yrsR3.39mno data
Thabo Mbeki
Chair of International Advisory Boardno datano datano data
6.7yrs
Average Tenure
62yo
Average Age

Experienced Board: MTN's board of directors are considered experienced (6.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/22 08:54
End of Day Share Price 2026/03/20 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MTN Group Limited is covered by 19 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Niel VenterAbsa Bank Limited
Jonathan BradleyAbsa Bank Limited
Tibor BokorArqaam Capital Research Offshore S.A.L.