MTN Group has been recognized as having one of South Africa’s finest Investor Relations teams, scooping three awards at the inaugural Intellidex Top Investor Relations SA Survey Awards.
Investment analysts and portfolio managers surveyed for the awards, placed MTN Group first in the industrial sector, third among large cap stocks listed on the JSE, as well as third in the overall rankings.
Group Chief Financial Officer, Tsholo Molefe, said “MTN Group is honoured to have received this recognition, which is evidence of our commitment to transparent communication with our stakeholders, in this case, the investment community”.
Tsholo Molefe further underscored that “We strive to keep the capital markets appraised of our progress as we execute on our Ambition 2025 strategy, which is centered around driving accelerated growth, faster deleveraging, and revealing value within its financial investments and platforms”.
MTN Group Executive for Investor Relations, Thato Motlanthe, also speaking on the Group’s recognition, said “We are humbled by the recognition and grateful to our investors, analysts and other stakeholders who engage MTN”.
“This feedback is invaluable in driving our Investor Relations programme and journey of progress. It’s also important to acknowledge the hard work of the Investor Relations team at MTN, the collaboration of the various teams within the Group as well as the guidance and support of Management and the Board. It is all critical in enriching MTN’s Investor Relations effort”.
Thato Motlanthe
Intellidex Top Investor Relations SA Survey
MTN Group disclosed in a press statement that respondents shared their views on the quality of investor relations among JSE-listed companies and were asked to rank the best and worst five companies among those they cover.
According to the Telecommunications giant, respondents were also asked to rank these companies on a number of factors including the quality of engagement with senior management, annual reports, notes to the financial accounts, presentations, earnings and booklets.
The introduction of this survey is expected to improve engagement by listed companies with the investment community, with this ultimately encouraging better communication.
MTN Group remains one of the big brands on the continent, touching lives and providing digital and financial services to the people. The Group reported strong financial, operational and sustainability results in 2021 in a tough macro environment. These results, according to the Group, were delivered through strong strategic execution and sustained commercial momentum across 19 markets, in the year in which Africa’s leading mobile operator started implementing its refreshed Ambition 2025 strategy.
MTN Group gained 2.9 million subscribers in 2021
Despite a slowdown in subscriber additions related to industry-wide regulations in Nigeria, MTN Group had a total of 272.4 million subscribers at the end of 2021, up 2.9 million from end-2020. Greater adoption of data and fintech services, according to MTN, resulted in the addition of 11.1 million new data users and 10.4 million new Mobile Money users to reach totals of 122.0 million and 56.8 million respectively.
MTN Group President and CEO, Ralph Mupita, said the Group adapted to the extraordinary circumstances brought about by the COVID-19 pandemic and started shaping ‘the MTN of the future’ through the execution of Ambition 2025.
Mupita assured that the Group remains focus on providing leading digital solutions for Africa’s progress and creating shared value for its stakeholders. Intellidex Intellidex
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