Changes to the board of MTN Group
MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009584/06
Share code: MTN
ISIN code: ZAE000042164
("MTN" or “MTN Group” or "the Company")
CHANGES TO THE BOARD OF MTN GROUP
In compliance with paragraph 3.59 of the JSE Listings Requirements,
the board of directors (“Board”) of the Company wishes to advise
shareholders of the following Board changes:
1. Nosipho Molope
The Company is pleased to announce the appointment of Nosipho Molope
as an independent non-executive director of MTN Group, effective, 1
Nosipho holds a Bachelor of Science from the University of the
Witwatersrand (BSC Med) as well as a Bachelor of Accounting Science
(Hons)(CTA) from the University of South Africa and is a Chartered
She has a wealth of experience in telecommunications, packaging,
agricultural and petrochemical sectors. Having been a director and
chairman of the audit and risk committees in various MTN operating
companies, she is well versed in the challenges and complex regulatory
requirements of the markets, where MTN operates.
Nosipho currently serves on the boards of several MTN operating
companies, including South Africa, Uganda, Rwanda, Zambia and
eSwatini. In addition, she is a board member of Old Mutual Limited and
South32 Coal Holdings Pty Ltd as well as the Engen Ltd.
She is commercially astute and has a deep level of technical accounting
knowledge with an objective and broad-minded approach that stems from
her multi-sector experience as well as her exposure to diverse
It is anticipated that Nosipho will resign from all MTN operating
companies by 31 March 2021, including MTN South Africa. MTN South
Africa is at an advanced stage in identifying her replacement, as
audit and risk chairman.
The Chairman and the Board believe her extensive experience and
knowledge of MTN is invaluable and her contribution will greatly
enhance the Board’s deliberations.
2. Noluthando Gosa
MTN is also pleased to announce the appointment of Noluthando Gosa as
an independent non-executive director of MTN Group, effective, 1 April
Noluthando holds a BA (Hons) Communications from the University of
Fort Hare, has completed a Post Graduate Diploma in Business
Administration at Wilfrid Laurier University and has an MBA from the
University of New Brunswick.
She has solid experience in telecommunications. In 1997, she was
appointed as a founding member of the first independent
telecommunications regulator, ICASA and was 1 of 6 Councillors tasked
to set up the regulator in South Africa. Noluthando then joined
Investec Bank and spent 3 years as a sell-side analyst, focusing on
the telecommunications sector.
Noluthando is also an extremely experienced deal maker and
businesswoman, having spearheaded numerous joint ventures and
acquisitions in multiple sectors and having enjoyed considerable
success as an entrepreneur. In parallel, she has served on multiple
boards, including Investec Asset Management (now NinetyOne); AON SA
and Broll Property Group.
Pursuant to her entrepreneurial success, she is currently the chief
executive officer of Akhona Group and is serving as a director on
various companies where she is a shareholder. She is also a non-
executive director of ArcelorMittal SA.
The Chairman and the Board believe Noluthando’ s entrepreneurial spirit
and strategic outlook will be key to the Board, in light of MTN’s
growth aspirations. Her unique telecommunications experience will
also bring a new perspective to the Board.
The Board wishes both Nosipho and Noluthando success in their new
28 December 2020
JP Morgan Equities Proprietary Limited
Tamela Holdings Proprietary Limited
Date: 28-12-2020 04:00:00
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