MTN Group Management

Management criteria checks 3/4

MTN Group's CEO is Ralph Mupita, appointed in Sep 2020, has a tenure of 4.17 years. total yearly compensation is ZAR62.82M, comprised of 28.1% salary and 71.9% bonuses, including company stock and options. directly owns 0.062% of the company’s shares, worth ZAR91.77M. The average tenure of the management team and the board of directors is 3.9 years and 6.4 years respectively.

Key information

Ralph Mupita

Chief executive officer

R62.8m

Total compensation

CEO salary percentage	28.1%
CEO tenure	4.2yrs
CEO ownership	0.06%
Management average tenure	3.9yrs
Board average tenure	6.4yrs

Recent management updates

Recent updates

An Intrinsic Calculation For MTN Group Limited (JSE:MTN) Suggests It's 24% Undervalued

Jul 08

We Think MTN Group (JSE:MTN) Might Have The DNA Of A Multi-Bagger

May 01

Is MTN Group (JSE:MTN) Using Too Much Debt?

Apr 13

Calculating The Fair Value Of MTN Group Limited (JSE:MTN)

Mar 02

Slowing Rates Of Return At MTN Group (JSE:MTN) Leave Little Room For Excitement

Jan 18

MTN Group (JSE:MTN) Has A Pretty Healthy Balance Sheet

Dec 19

MTN Group Limited (JSE:MTN) Shares Could Be 31% Below Their Intrinsic Value Estimate

Nov 09

Investors Met With Slowing Returns on Capital At MTN Group (JSE:MTN)

Oct 15

These 4 Measures Indicate That MTN Group (JSE:MTN) Is Using Debt Reasonably Well

Sep 14

MTN Group Limited Just Missed EPS By 67%: Here's What Analysts Think Will Happen Next

Aug 15

CEO Compensation Analysis

How has Ralph Mupita's remuneration changed compared to MTN Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-R7b
Mar 31 2024	n/a	n/a	-R2b
Dec 31 2023	R63m	R18m	R4b
Sep 30 2023	n/a	n/a	R7b
Jun 30 2023	n/a	n/a	R15b
Mar 31 2023	n/a	n/a	R17b
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 ($USD3.45M) is above average for companies of similar size in the ZA market ($USD1.77M).

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

CEO

Ralph Mupita (52 yo)

4.2yrs

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	4.2yrs	R62.82m	0.062% ZAR 91.8m
Tsholofelo B. Molefe	Group CFO & Executive Director	3.6yrs	R18.51m	0.0056% ZAR 8.3m
Ebenezer Asante	Senior Vice President of Markets	2.8yrs	R49.88m	no data
Karl Toriola	Chief Executive Officer of MTN Nigeria	3.7yrs	R39.07m	no data
Charles Molapisi	Chief Executive Officer of MTN South Africa	2.8yrs	R24.97m	0.0029% ZAR 4.3m
Mazen Mroue	Group Chief Information & Technology Officer	2.8yrs	no data	no data
Kelebogile Modise	Group Chief Legal & Regulatory Affairs Officer	5.3yrs	R11.89m	no data
Paul Norman	Group Chief Human Resources Officer	27.8yrs	R17.64m	0.0082% ZAR 12.1m
Suren Sooklal	Group Chief Business Risk Officer	9.8yrs	R4.61m	no data
Rahul De	CEO of MTN Liberia Lonestar Cell & Chief Marketing Officer of Nigeria	9.3yrs	no data	no data
Ferdinand Moolman	Group Chief Risk Officer	3.7yrs	R23.59m	no data
Kholekile Ndamase	Group Chief M&A and Business Development Officer	8.2yrs	no data	no data

3.9yrs

Average Tenure

53yo

Average Age

Experienced Management: MTN's management team is considered experienced (3.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ralph Mupita	Group President	7.6yrs	R62.82m	0.062% ZAR 91.8m
Tsholofelo B. Molefe	Group CFO & Executive Director	3.6yrs	R18.51m	0.0056% ZAR 8.3m
Stanley Miller	Independent Non-Executive Director	8.3yrs	R4.11m	0.00042% ZAR 622.6k
Nkululeko Sowazi	Independent Non-Executive Director	8.3yrs	R1.81m	no data
Shaygan Kheradpir	Independent Non-Executive Director	9.3yrs	R4.01m	no data
Sindisiwe Mabaso-Koyana	Independent Non-Executive Director	4.2yrs	R1.99m	0.000040% ZAR 59.3k
Vincent Rague	Independent Non-Executive Director	5.3yrs	R4.30m	no data
Mcebisi Jonas	Independent Non-Executive Chairman	6.4yrs	R5.76m	no data
Khotso D. Mokhele	Independent Non-Executive Director	6.3yrs	R2.11m	no data
Sanusi Lamido A. Sanusi	Independent Non-Executive Director	5.3yrs	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

6.4yrs

Average Tenure

63.5yo

Average Age

Experienced Board: MTN's board of directors are considered experienced (6.4 years average tenure).

MTN Group Management

Management criteria checks 3/4

Key information

Recent management updates

Group CFO & Executive Director recently sold R1.8m worth of stock

MTN Group Announces Executive Appointments

MTN Group Limited, Annual General Meeting, May 24, 2024

MTN Group Limited Announces Executive Changes

Group President recently bought R8.8m worth of stock

Insider recently sold R1.2m worth of stock

Recent updates

MTN Group's (JSE:MTN) Returns On Capital Are Heading Higher

MTN Group (JSE:MTN) Use Of Debt Could Be Considered Risky

Group CFO & Executive Director recently sold R1.8m worth of stock

First half 2024 earnings released: R4.09 loss per share (vs R2.29 profit in 1H 2023)

MTN Group Limited (JSE:MTN) Screens Well But There Might Be A Catch

MTN Group Limited Provides Dividend Guidance for the Fiscal 2024

New major risk - Financial position

MTN Group Limited to Report First Half, 2024 Results on Aug 19, 2024

MTN Group Announces Executive Appointments

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

We Like MTN Group's (JSE:MTN) Returns And Here's How They're Trending

Potential Upside For MTN Group Limited (JSE:MTN) Not Without Risk

MTN Group Limited, Annual General Meeting, May 24, 2024

MTN Group (JSE:MTN) Has Affirmed Its Dividend Of ZAR3.30

Upcoming dividend of R3.30 per share

Consensus EPS estimates fall by 11%

Consensus EPS estimates fall by 11%

MTN Group (JSE:MTN) Is Paying Out A Dividend Of ZAR3.30

Dividend of R3.30 announced

These 4 Measures Indicate That MTN Group (JSE:MTN) Is Using Debt Extensively

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased by 12% to R112

New major risk - Revenue and earnings growth

What Is MTN Group Limited's (JSE:MTN) Share Price Doing?

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

Price target decreased by 8.9% to R126

Here's Why We Think MTN Group (JSE:MTN) Is Well Worth Watching

Investor Optimism Abounds MTN Group Limited (JSE:MTN) But Growth Is Lacking

MTN Group Limited Announces Executive Changes

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

Group President recently bought R8.8m worth of stock

The Trend Of High Returns At MTN Group (JSE:MTN) Has Us Very Interested

Price target decreased by 7.4% to R149

Insider recently sold R1.2m worth of stock

Here's Why MTN Group (JSE:MTN) Can Manage Its Debt Responsibly

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

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)

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

Why We Like The Returns At MTN Group (JSE:MTN)

MTN Likely to Keep IHS Towers Stake for Now

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

MTN Group (JSE:MTN) Seems To Use Debt Quite Sensibly

Group Chief Human Resources Officer recently sold R5.2m worth of stock

Group CFO & Executive Director recently bought R4.4m worth of stock

Group Chief Operating Officer exercised options and sold R14m worth of stock

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

MTN Group's (JSE:MTN) Upcoming Dividend Will Be Larger Than Last Year's

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

At R144, Is It Time To Put MTN Group Limited (JSE:MTN) On Your Watch List?

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

Why The 25% Return On Capital At MTN Group (JSE:MTN) Should Have Your Attention

MTN Group Announces Executive Changes

MTN Group (JSE:MTN) Has A Pretty Healthy Balance Sheet

Consensus forecasts updated

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

First half 2022 earnings released

Price target decreased to R190

Returns on Capital Paint A Bright Future For MTN Group (JSE:MTN)

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

Now 21% undervalued after recent price drop

Should You Investigate MTN Group Limited (JSE:MTN) At R144?

MTN in Talks to Buy Telkom

An Intrinsic Calculation For MTN Group Limited (JSE:MTN) Suggests It's 24% Undervalued

Now 21% undervalued after recent price drop

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

We Think MTN Group (JSE:MTN) Might Have The DNA Of A Multi-Bagger

Is MTN Group (JSE:MTN) Using Too Much Debt?