CEO shake-up for MTN South Africa
MTN is undergoing a significant leadership restructuring, which includes a new CEO for MTN South Africa.
The changes come as the MTN board evaluated the group’s 2025 strategy and execution while looking to the company’s future and shifting to its next phase.
As part of the shift, the group announced significant changes for its executive committee (exco), which will become effective from 1 November 2025.
Notably, Charles Molapisi, current CEO of MTN South Africa, will be replaced by Ferdi Moolman, the current Group Chief Risk Officer (GCRO).
Molapisi will return to his previous Group Chief Technology and Information Officer role.
“Charles led MTN SA through a challenging period of high power outages and network resilience, maintaining the company’s network leadership,” MTN said.
“He has a strong background in network and IT and will remain on the group executive committee, taking up his previous role as group chief technology and information officer.”
“Ferdi has held several senior roles within the Group, including CEO of MTN Nigeria from 2016 to 2021. Consequently, he will step down from the MTN Nigeria board effective 31 October 2025.”
MTN said that the replacement for Moolman as GCRO will be announced in due course, and the role will continue to be included in the Group Exco.
Yolanda Cuba, currently VP for SEA, stepped down from the Group Exco to become Deputy CEO and Executive Director of MTN SA.
Mike Harper, Chairman of MTN SA, will also be retiring in the first quarter of 2026 and will be replaced by Sindisiwe Mabaso-Koyana.
Broader group changes
Group CFO Tsholofelo Molefe will see her responsibilities expanded to incorporate the mergers and acquisitions (M&A) portfolio, while current M&A Chief Kholekile Ndamase steps down from the Exo and reports to Molefe.
The group has also made progress in exiting markets in the Middle East and African markets.
Ismail Jaroudi, Vice President (VP) of the Middle East and North Africa, will step down from the Group Exco and assume the VP of Special Projects role, while still serving as MTN Dubai CEO.
Ebenezer Asante, currently the Senior Vice President of Markets, will become VP of Ghana, Southern and East Africa.
CEO of MTN Nigeria, Karl Toriola, will take over extra responsibilities as VP of Francophone Africa, including Cameroon, Cote D’Ivoire, Benin and Congo Brazzaville.
Mazen Mroué, currently GCTIO and CEO of Digital Infrastructure, will focus on accelerating efforts to expand our fibre and data centre businesses across Africa.
He will also lead the group’s partnerships with non-terrestrial networks such as low-earth-orbit satellite operators.
Charles Molapisi will return to his previous role as GCTIO, focusing on speeding up AI use case adoption and infusion across the business.
Selorm Adadevoh, currently the Group Chief Commercial Officer (GCCO), will take on expanded responsibilities, including Strategy and Transformation.
Chika Ekeji, the current Chief Strategy and Transformation Officer, will step down from the Group Exco to focus on accelerating the growth of some of the emerging businesses.
Paul Norman, Group Chief Human Resources Officer, will retire at the end of 2026, with his successor anticipated to be announced by mid-2026.
The changes to the Group Exco will be effective from 1 November 2025 and will comprise the following:
- Group President and CEO – Ralph Mupita
- Group Chief Financial Officer – Tsholofelo Molefe
- Vice President of Ghana and SEA – Ebenezer Asante
- MTN Nigeria CEO and VP of Francophone Africa – Karl Toriola
- MTN SA CEO – Ferdi Moolman
- Group Chief Commercial, Strategy and Transformation Officer – Selorm Adadevoh
- CEO of MTN Group Fintech – Serigne Dioum
- CEO of MTN Digital Infrastructure – Mazen Mroué
- Group Chief Technology and Information Officer – Charles Molapisi
- Group Chief Legal and Regulatory Affairs Officer – Lele Modise
- Group Chief Sustainability and Corporate Affairs – Nompilo Morafo
- Group Chief Human Resources Officer – Paul Norman.
- Group Chief Risk Officer – to be announced in due course
Financials
The update comes after the group announced a massively improved performance in the first half of 2025, with the group’s service revenue increasing by 23.2% to R105.1 billion.
Data revenue increased by 36.5%, while Fintech revenue increased by 37.3%
The group’s basic earnings per share (EPS) increased by 231.8% to 539 cents, a massive improvement from the loss of 409 cents in H1 2024.
Reported headline EPS (HEPS) increased by 352.0% to 645 cents (H1 2024: 256 cents loss).
Although the group did not declare an interim dividend, the board expects to pay a final dividend of 370cps for FY 2025.
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