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All about MTN
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Welcome to our 2025 Integrated Report
Our reporting suite
Our approach to integrated thinking and value creation
Our approach to materiality
About this report
An overview of MTN Group
Where we operate and how we perform
Views from our Chairman
Q&A with the Group President and CEO
Q&A with the Group CFO
Key financial tables
Our market context
Operational performance summary
Our outlook
Investment case – Transforming Africa's growth potential

How we create and preserve value
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Creating and preserving value through our business model
Outcomes and trade-offs
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 2030 strategy
Meaningful value delivered by Ambition 2025
Our strategic performance dashboard
Connectivity
Fintech
Digital infrastructure
Create shared value

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
Governance in support of value creation
Our Executive Committee
Human Capital and Remuneration Committee Chair's review
Remuneration Report summary
Definitions for assured non-financial data
Independent assurance practitioner’s limited assurance report
Glossary
Administration
How we create and preserve value

Social, Ethics and Sustainability Committee Chair's review

Sindi Mabaso-Koyana

In 2025, we translated our sustainability commitments into measurable performance, strengthening oversight of our emissions footprint while advancing ethics, inclusion, responsible AI and digital human rights to protect trust and long-term value.

Nkululeko Sowazi
Outgoing Chair

Nicky Newton-King
Incoming Chair

Nosipho Molope

Key features of 2025

  • Achieved a 48% reduction in Scope 1 and 2 emissions, outperforming our 2025 reduction target of 17.5%.
  • Expanded digital inclusion with 94.2% broadband coverage, slightly below our 2025 target of 95%.
  • Improved the representation of women in our workforce to 45% against our 2025 target of 41%.
  • Recorded our best reputation and trust performance since the reputation Index Survey (RIS) began in 2019, improving our score to 80.1, above the corporate target of 75.
  • Strengthened our digital human rights approach by embedding a responsible AI framework across our product and services portfolio through structured risk assessments, ensuring accountable and rights-aligned innovation.
  • Sustained our ESG performance, ranking in the top quartile of leading ESG ratings, amid evolving methodologies in rating standards.

The committee acts as a social and ethics committee as required by the Companies Act and confirms that in 2025 it fulfilled its mandate, discharged all its responsibilities and carried out all functions assigned to it in terms of the Regulation 43.

Members Meetings
  Scheduled
Nkululeko Sowaziˇ 4/4
Sandile Gwala^ 4/4
Stan Miller@ 4/4
Khotso Mokhele 4/4
Nicky Newton-King∞ 4/4
Lamido Sanusi 4/4

All members are independent non-executive directors. Ouma Rasethaba was appointed to the committee effective 31 March 2026.

ˇ Stepping down as Chair on 29 May 2026.
^ Stepped down from the committee on 31 March 2026.
∞ Chair from 29 May 2026.
@ Due to retire at the AGM on 29 May 2026.

By invitation: Group President and CEO, Group Chief Sustainability and Corporate Affairs Officer, Group Chief Human Resources Officer, Group Chief Risk Officer and Group Chief Legal and Regulatory Officer.

 

Key focus areas for 2026

  • Maintain a disciplined focus on addressing Scope 1, 2 and 3 emissions, while monitoring portfolio shifts and ensuring that climate actions remain aligned with the Group's decarbonisation pathway.
  • Advance the maturity and reliability of Scope 3 emissions, demonstrating our understanding of greater supply-chain impacts and embedding more robust methodologies, data processes and partnerships.
  • Continue to drive our gender-equality agenda by focusing on hiring women, reinforcing the value of a diverse, equitable and inclusive workforce in driving sustainable organisational performance.
  • Retain Level 1 B-BBEE status and continue strengthening enterprise and supplier development initiatives to expand shared value.
  • Reinforce ethical governance and compliance through integrated ethics, risk and oversight practices, ensuring robust statutory compliance and accountability.
  • Build stakeholder trust and reputation by responding transparently and decisively to matters material to stakeholders across our markets.
  • Lead responsibly in the digital environment by strengthening generative AI governance and advancing a principled, rights-aligned approach to digital practices.

Mandate:

The committee performs an oversight and monitoring role to ensure that MTN's business is conducted in an ethical and properly governed manner. The committee assists the Board with creating shared value for stakeholders in a sustainable manner through responsible ESG practices and solutions across MTN's operating markets.

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