MTN reshuffles its management structure following return to profit

Stephen Grootes speaks to MTN Group CEO Ralph Mupita about the company’s strong first-half performance.

Listen to the interview in the audio player below.

Big changes are expected at MTN South Africa, announcing major leadership changes including a new CEO.

Current CEO of MTN SA, Charles Molapisi is set to be replaced by Ferdi Moolman, the current Group Chief Risk Officer

Molapisi will take up his previous role of Group Chief Technology and Information Officer. 

Sindisiwe Mabaso-Koyana will step into the role of chairperson, when Mike Harper is set to retire in the first quarter of 2026.

The management reshuffle comes at a positive time for the business, with service revenue increasing by 23.2% to R105.1 billion.

The cellular network provider recorded strong first-half performance, with EBITDA up 60.6% to R46.65bn and HEPS rising to 645 cents from a loss of 256 cents a year ago.

Basic earnings per share increased by 231.8% to 539 cents, a massive jump from the loss of 409 cents last year.

Speaking to Stephen Grootes on The Money Show, MTN Group CEO Ralph Mupita says it's a good time for the business.

"When the macro is either supportive or benign, that operational strength that we see in our markets shines through, that is why you saw the top-line beating guidance. The earnings were very strong...."

- Ralph Mupita, CEO - MTN Group 

"In the 8 years that I've been at MTN, this has probably been the best first-half set of results, and also a clean set of financial results, so very pleasing."

- Ralph Mupita, CEO - MTN Group

"The management changes...are a response to strategy, perspective and an assessment of the competitive environment, an assessment of the talent we have in our organisation and rearranging and positioning the talent we have internally to focus on specific priorities..."

- Ralph Mupita, CEO - MTN Group

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