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All about MTN
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Our reporting suite
Our approach to materiality
Navigating this report
About this report
Who we are
Our products and services
Where we operate and how we perform
Views from our Chairman
Q&A with the Group President and CEO
Q&A with the CFO
Key financial tables
Our market context
Operational performance summary
Our outlook
Investment case – a compelling African growth story

How we create and preserve value
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Creating and preserving value through our business model
Material matters impacting value creation
Social, Ethics and Sustainability Committee Chair's review
Stakeholders with whom we partner to create value
Audit Committee Chair’s review
Risk Management and Compliance Committee Chair’s review
How we manage risk
Top risks to value creation
Delivering value through our strategy
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Finance and Investment Committee Chair’s review
Our Ambition 2025 strategy
Our strategic performance dashboard
Connectivity
Fintech
Digital infrastructure
Create shared value
Portfolio optimisation

Governance and remuneration
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Directors Affairs and Governance Committee Chair’s review
Governance in support of value creation
Our Board of Directors
How the Board transformed our values into actions
Our Executive Committee
Definitions for assured non-financial data
Remuneration Report
Independent assurance practitioner’s limited assurance report
Glossary
Administration

Our Board of Directors

We believe that for our Board to excel, we must have the expertise and competence to promptly and appropriately address current and emerging issues to ensure the delivery of our strategy. For detailed profiles of our Board of Directors, refer to our website.

Mcebisi Jonas

(Born 1960)

Chairman Independent non-executive director

BA HDE

Attendance: 9/9^ l 7/7

Mcebisi Jonas

Mcebisi Jonas

Dr Khotso Mokhele

(Born 1954)

Lead independent non-executive director

BSc (Agriculture), MSc (Food Science), PhD (Microbiology) and honorary doctorates

Attendance: 9/9^ l 5/7

Dr Khotso Mokhele

Dr Khotso Mokhele

Noluthando Gosa

(Born 1963)

Independent non-executive director

BA Communications (Hons), MBA, Postgraduate certificate in Business Admin, International Certificate in Telecommunications Regulation

Attendance: 9/9^ l 7/7

Noluthando Gosa

Noluthando Gosa

Sandile Gwala#

(Born 1973)

Independent non-executive director

Bachelor of Commerce (BCom) in Information Systems; Master's in Business Administration (MBA)

Sandile Gwala

Sandile Gwala#

Shaygan Kheradpir~

(Born 1960) American

Independent non-executive director

Masters and PhD Electrical Engineering (Cornell)

Attendance: 9/9^ l 6/7

Shaygan Kheradpir

Shaygan Kheradpir~

Sindi Mabaso-Koyana

(Born 1969)

Independent non-executive director

BCom (Hons) (Accounting), CA(SA)

Attendance: 9/9^ l 7/7

Sindi Mabaso-Koyana

Sindi Mabaso-Koyana

Stan Miller

(Born 1955) Belgian

Independent non-executive director

IntDip, Diploma in Law, Administration, Proteus Leadership Programmes, Private Equity Programmes

Attendance: 9/9^ l 7/7

Stan Miller

Stan Miller

^ Scheduled Board meetings.

  Special Board meetings.

# Appointed 1 January 2025.

~ Retired 31 March 2025

MTN has a seasoned Board, with a majority of independent non-executive directors, who have a variety of skills, expertise and perspectives. This diversity is the cornerstone of its effectiveness. The Board sets the tone for ethical leadership and has a multi-faceted approach to the oversight of the executive team in the execution of Ambition 2025.

Nosipho Molope

(Born 1964)

Independent non-executive director

BSc Med, BAccSc, BCompt (Hons), CTA, CA(SA)

Attendance: 9/9^ l 7/7

Nosipho Molope

Nosipho Molope

Nicky Newton-King#

(Born 1966)

Independent non-executive director

BA, LLB, LLM, LLD (Honoris Causa)

Attendance: 9/9^ l 7/7

Nicky Newton-King

Nicky Newton-King#

Tim Pennington

(Born 1960) British

Independent non-executive director

BA (Hons) Economics and Social Studies

Attendance: 9/9^ l 7/7

Tim Pennington

Tim Pennington

Vincent Rague

(Born 1953) Kenyan

Independent non-executive director

BA (Hons) (Economics/ Statistics), Executive development programmes at Harvard and IMD MBA

Attendance: 9/9^ l 6/7

Vincent Rague

Vincent Rague

Lamido Sanusi

(Born 1961) Nigerian

Independent non-executive director

Bachelor's degrees in Economics and Islamic Law

Attendance: 8/9^ l 7/7

Lamido Sanusi

Lamido Sanusi

Nkululeko Sowazi

(Born 1963)

Independent non-executive director

Master's degree (UCLA)

Attendance: 9/9^ l 7/7

Nkululeko Sowazi

Nkululeko Sowazi

Ralph Mupita

(Born 1972)

Group President and CEO

BScEng (Hons), MBA, GMP (Harvard)

Attendance: 9/9^ l 7/7

Ralph Mupita

Ralph Mupita

Tsholofelo Molefe

(Born 1968)

Group Chief Financial Officer

BA (Hons), Accounting and Finance, BCompt (Hons), CTA, CA(SA), AMP (Harvard)

Attendance: 9/9^ l 7/7

Tsholofelo Molefe

Tsholofelo Molefe

^ Scheduled Board meetings.

  Special Board meetings.