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MTN’s Leaders Set for R160m Share Payday as Profits Rebound
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2 hrs agoAfrica’s telecom giant MTN has rewarded its senior leadership with an eye‑catching R160 million share allocation, reflecting not just executive perk culture but a broader corporate rebound. The awards, totalling over 800 000 shares, were granted under MTN’s performance share plan and will vest over three years — incentivising long‑term leadership performance.
Group CEO Ralph Mupita received the largest portion, valued at nearly R40 million, while CFO Tsholofelo Molefe and MTN South Africa CEO Ferdinand Moolman were also significant beneficiaries. Other executives, including Nigeria’s CEO Karl Toriola — whose market drives much of MTN’s earnings — were part of the payout.
The share issue comes on the back of a strong financial turnaround: the company posted a R27 billion profit in 2025, a dramatic reversal from a loss in 2024. This boost has helped lift MTN’s stock and cemented confidence in its strategy moving into its next growth phase.
What makes this notable isn’t just hefty executive compensation — it’s how it symbolises MTN’s return to robust performance after a challenging period, signalling renewed investor faith in Africa’s largest mobile operator.