Setting the scene
Who we are 1
Our operating context 1
Where we operate 2
What we offer 3
MTN’s value creation 4
Our material issues 6
Our key relationships 8
A word from our chairman 10
02 Determining our strategic path
Our strategy 14
Our top risks and what we are doing about them 16
An interview with the Group president and CEO 18
Our Group performance and outlook 20
A message from our Group chief financial officer 22
Financial review 24
Five-year review extract 25
MTN South Africa’s performance and outlook 26
MTN Nigeria’s performance and outlook 27
Our large opco cluster and MTN Irancell’s
performance and outlook
28
03 Our leadership, governance, reward
and recognition
Who is responsible – profiles of our board
of directors
34
Who is responsible – profiles of our executive
committee
36
How we are governed 37
Summarised corporate governance report 37
Risk management 46
Social and ethics committee chairman’s report 50
Independent assurance report 52
How we remunerate our people 54
04 Summary financial statements 69
05 Appendix: constant currency,
hyperinflation and tower profit
83
06 Shareholders’ information