MTN Group hosts editors’ roundtable

South African multinational mobile telecommunications company, MTN Group, held a roundtable discussion at their Fairlands headquarters in Johannesburg, led by CEO Ralph Mupita and CFO Tsholofelo Molefe. The event followed the company’s first loss in eight years, shedding light on key themes shaping the industry and operational insights. The event provided a unique opportunity to delve into the nuances of the business that are often overshadowed by financial figures on results day. One remarkable revelation during the discussion was the diverse workforce at MTN, comprising employees from over 70 nationalities. This diversity reflects the company's presence in 18 African markets, attracting talent from across the globe. Additionally, it was disclosed that 25% of MTN's shareholders are based in the United States, emphasizing the global interest in the company's long-term growth prospects. Amidst the backdrop of the company's recent financial performance, primarily impacted by challenges in Nigeria, the discussion highlighted the resilience of MTN in various African markets. While Nigeria's business environment posed hurdles, countries like Uganda and Ghana showcased robust performance, underscoring the diverse landscape of doing business across the continent. CEO Ralph Mupita reiterated the importance of taking a long-term view when investing in Africa, emphasizing the cyclical nature of challenges like currency volatility and inflation. He emphasized that despite short-term fluctuations, MTN remains focused on delivering sustainable returns to shareholders over time. Moreover, the discussion touched on the difficulties faced in conflict-affected regions like Sudan, where the company navigates challenges while maintaining a commitment to long-term operations. Additionally, the financial constraints due to sanctions in Iran were acknowledged, reflecting external factors influencing business decisions. The conversation also hinted at potential future strategies, with Mupita mentioning the possibility of revisiting opportunities that align with the company's growth objectives. The discussion emphasized the need for industry consolidation, citing the G6 platform established to foster collaboration among major mobile operators in Africa. Despite a recent decline in MTN's share price, the company remains focused on operational efficiency and long-term value creation. The event provided valuable insights into the strategic direction of MTN amidst evolving market dynamics and regulatory challenges.