MTN Group Limited

JSE:MTN Stock Report

Market Cap: R231.6b

MTN Group Management

Management criteria checks 2/4

MTN Group's CEO is Ralph Mupita, appointed in Sep 2020, has a tenure of 4.75 years. total yearly compensation is ZAR91.96M, comprised of 20.4% salary and 79.6% bonuses, including company stock and options. directly owns 0.065% of the company’s shares, worth ZAR149.51M. The average tenure of the management team and the board of directors is 4.3 years and 5.9 years respectively.

Key information

Ralph Mupita

Chief executive officer

R92.0m

Total compensation

CEO salary percentage20.40%
CEO tenure4.8yrs
CEO ownership0.06%
Management average tenure4.3yrs
Board average tenure5.9yrs

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

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)?
author-image

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.

Even With A 28% Surge, Cautious Investors Are Not Rewarding MTN Group Limited's (JSE:MTN) Performance Completely

Jan 31
Even With A 28% Surge, Cautious Investors Are Not Rewarding MTN Group Limited's (JSE:MTN) Performance Completely

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

Dec 07
Potential Upside For MTN Group Limited (JSE:MTN) Not Without Risk

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

Nov 15
MTN Group's (JSE:MTN) Returns On Capital Are Heading Higher

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

Sep 13
MTN Group (JSE:MTN) Use Of Debt Could Be Considered Risky

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

Aug 22
MTN Group Limited (JSE:MTN) Screens Well But There Might Be A Catch

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

Aug 01
Should You Think About Buying MTN Group Limited (JSE:MTN) Now?

CEO Compensation Analysis

How has Ralph Mupita's remuneration changed compared to MTN Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2024R92mR19m

-R10b

Sep 30 2024n/an/a

-R9b

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

Sep 30 2019n/an/a

R9b

Jun 30 2019n/an/a

R9b

Mar 31 2019n/an/a

R9b

Dec 31 2018R23mR8m

R9b

Compensation vs Market: Ralph's total compensation ($USD5.09M) is above average for companies of similar size in the ZA market ($USD2.89M).

Compensation vs Earnings: Ralph's compensation has increased whilst the company is unprofitable.

CEO

Ralph Mupita (53 yo)

4.8yrs
Tenure
R91,955,000
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 President4.8yrsR91.96m0.065%
ZAR 149.5m
Tsholofelo B. Molefe
Group CFO & Executive Director4.2yrsR35.60m0.0056%
ZAR 12.9m
Ebenezer Asante
Senior Vice President of Markets3.3yrsR49.32mno data
Karl Toriola
Chief Executive Officer of MTN Nigeria4.3yrsR43.32mno data
Charles Molapisi
Chief Executive Officer of MTN South Africa3.4yrsR31.56m0.0029%
ZAR 6.8m
Mazen Mroue
CEO of MTN Digital Infrastructure & Group Chief Technology and Information Officer3.3yrsno datano data
Kelebogile Modise
Group Chief Legal & Regulatory Affairs Officer5.8yrsR11.89mno data
Paul Norman
Group Chief Human Resources Officer28.4yrsR17.64m0.0082%
ZAR 18.9m
Suren Sooklal
Group Chief Business Risk Officer10.3yrsR4.61mno data
Ferdinand Moolman
Group Chief Risk Officer4.3yrsR23.59mno data
Kholekile Ndamase
Group Chief M&A and Business Development Officer8.8yrsno datano data
Nompilo Morafo
Group Chief Sustainability & Corporate Affairs Officer3.3yrsno datano data
4.3yrs
Average Tenure
53.5yo
Average Age

Experienced Management: MTN's management team is considered experienced (4.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Ralph Mupita
Group President8.2yrsR91.96m0.065%
ZAR 149.5m
Tsholofelo B. Molefe
Group CFO & Executive Director4.2yrsR35.60m0.0056%
ZAR 12.9m
Timothy Pennington
Independent Non-Executive Director2.8yrsR6.37m0.00078%
ZAR 1.8m
Stanley Miller
Independent Non-Executive Director8.8yrsR5.25mno data
Nkululeko Sowazi
Independent Non-Executive Director8.8yrsR2.54mno data
Nosipho Carol Molope
Independent Non-Executive Director4.2yrsR2.62mno data
Sindisiwe Mabaso-Koyana
Independent Non-Executive Director4.8yrsR2.93m0.000040%
ZAR 92.7k
Vincent Rague
Independent Non-Executive Director5.9yrsR5.79mno data
Mcebisi Jonas
Independent Non-Executive Chairman7yrsR7.37mno data
Khotso D. Mokhele
Lead Independent Non-Executive Director6.9yrsR2.84mno data
Sanusi Lamido A. Sanusi
Independent Non-Executive Director5.9yrsR5.07mno data
Thabo Mbeki
Chair of International Advisory Boardno datano datano data
5.9yrs
Average Tenure
64yo
Average Age

Experienced Board: MTN's board of directors are considered experienced (5.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/19 17:16
End of Day Share Price 2025/06/19 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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 26 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jonathan BradleyAbsa Bank Limited
Niel VenterAbsa Bank Limited
Sameera CassimAfrifocus Securities (Pty) Ltd.