MTN Group, a leading
telecommunications provider in Africa, has unveiled its suite of annual reports
for the year 2023, offering stakeholders a detailed insight into its resilient
performance, strategic execution, and societal contributions amidst challenging
macroeconomic and geopolitical landscapes.
Reflecting on MTN's journey,
President and CEO Ralph Mupita expressed gratitude to stakeholders for their
integral role in the company's 30-year legacy of fostering hope, dignity, and
opportunity across the African continent.
“In 2024, we at MTN
celebrate 30 years of working to give Africans hope, dignity and opportunity, we
acknowledge the key role played by our stakeholders in the journey so far and
invite you all to read our 2023 reports for a clear understanding of our
strategic progress and priorities.”
The centerpiece of the newly released reports is the 2023
Integrated Report, which encapsulates MTN's value-creation narrative,
underpinned by integrated thinking across its 19 operations. Alongside this
report are essential sustainability and financial reports, providing
shareholders with a holistic view of MTN's performance.
Embracing the acceleration of digital technologies, MTN
recognizes the transformative potential of artificial intelligence (AI) while
emphasizing the importance of ethical considerations and societal impact in its
deployment.
In the area of sustainability, MTN's
20th consecutive annual Sustainability Report celebrates the contributions of
individuals, partners, governments, and communities towards a more sustainable
future. The company has proactively begun implementing investor-focused
standards such as IFRS S1 and IFRS S2, demonstrating its commitment to
transparency and accountability.
Addressing digital rights and
climate change, MTN emphasizes its dedication to fostering a safe and
transparent online environment and its ambitious goal of achieving Net Zero
carbon emissions by 2040. Through strategic partnerships, MTN aims to provide
access to early warning systems, contributing to Africa's progress.
The report also sheds light on MTN's
tax contributions, totaling R61.7 billion across its markets.
“We recognise the
important role our tax contributions play in uplifting communities across our
footprint. Our voluntary Tax Report is an effort to explain our tax affairs in
a comprehensive and transparent way, thereby underpinning the trust of our many
stakeholders,” said MTN Group Chief Financial Officer Tsholo Molefe. “In supporting the attainment of
sustainable societies across our markets, we take seriously
our responsibility to be a compliant and transparent taxpayer.”
By: Nana Appiah Acquaye
