Investor Relations

About MTN Zakhele Futhi

MTN Zakhele Futhi was established as a ring-fenced, special purpose vehicle through which qualifying members of the Black Public could indirectly invest and hold shares in MTN Group, a leading emerging markets telecommunications service provider.

MTN Zakhele Futhi holds approximately 77 million MTN Group Shares, amounting to approximately 4% of MTN's issued share capital. MTNZF’s approximately 4% stake in MTN, along with other transformation and empowerment initiatives, supports MTN’s status as a leading BEE-driven telecommunications company.

MTN is listed on the main board of the JSE, and information relating to MTN can be obtained from its website (www.mtn.com) or publicly issued documents.

Board of Directors

Key principles applicable to the nomination and election of MTNZF directors

Sindisiwe Mabaso-Koyana
(Non-executive chairperson; Member of the Audit & Risk Committee)

Sindisiwe is currently the Chairperson of African Women Chartered Accountants (“AWCA”) Investment Holding Company, the Chartered Accountancy Sector Charter, the Advisory Board of AWCA and the Chairperson of the Advanced Group of Companies. Her other board positions include that of a non-executive director for Adcorp Holdings Limited, Eskom Holdings SOC Ltd and Toyota South Africa Motors (Pty) Ltd.

Sindisiwe is a Chartered Accountant by profession with experience in financial management, auditing and governance in both the public and private sector. She is a renowned leader and champion in the growth and development of young women. She has been named by the Financial Mail as one of the top 20 most powerful business women in South Africa and was a finalist for the Business Woman of the Year Award in 2004. In 2013 she was nominated by The CEO Magazine as the most Influential Women in Business and the Public Sector. She is also the past chairperson of the task team of the South African Institute of Chartered Accountants which launched the paper on meaningful reporting on Broad-Based Black Economic Empowerment.

Sonja De Bruyn
(Non-executive director; Member of the Audit & Risk Committee)

Non executive director of RMB/RMI Holdings, Discovery Holdings Limited and Remgro Limited. Sonja is also the Chairperson of the Ethos Mid-Market Fund I GP Proprietary Limited.

Sonja is the founder and principal partner of investment, advisory and financing firm Identity Capital Partners. She commenced her career in investment banking in 1997, working on mergers and acquisitions, privatisations, initial public offerings and financings, ultimately becoming a vice president of Deutsche Bank. She was appointed as executive director of Women’s Development Bank Investment Holdings from 2002 to 2007. She was previously a trustee of the National Empowerment Fund and member of the Presidential Working Group on BEE. Sonja has been awarded and recognised by the Black Management Forum and the Association of Black Securities and Investment Professionals. She is also a Young Global Leader of the World Economic Forum.

Grant Gelink
(Non-executive director; Chairman of the Audit & Risk Committee)

Non executive director of FirstRand Limited, Grindrod Limited, Santam Limited, Allied Electronics Limited, Rain Group Holdings Proprietary Limited and Pralene Investments Proprietary Limited.

Grant was a chief executive of Deloitte & Touche from 2006 to 2012. His vast experience at Deloitte spans over 26 years and includes being Lead Client Service Partner across a number of different industries servicing clients such as Barloworld Limited, Imperial Holdings, Murray & Roberts Holdings Limited, Nedbank Limited, Sappi Limited, South African Airways and Transnet SOC Limited.

Annual and Interim Financial Statements

2019 Interim Financial Statements – 30 June 2019
2018 Annual Financial Statements – 31 December 2018
Interim Financial Statements – 30 June 2018
2017 Annual Financial Statements – 31 December 2017
2016 Annual Financial Statements – 31 December 2016

Notice to Annual General Meetings

2018 Summarised Financial Statements and Notice to the AGM – 31 December 2018
Summarised Financial Statements and Notice to the AGM – 31 December 2018 (Sotho Version)
Summarised Financial Statements and Notice to the AGM – 31 December 2018 (Zulu Version)
Amendment to the notice of AGM
  Results to the AGM held on 5 September 2018
2017 Summarised Financial Statements and Notice to the AGM – 31 December 2017
Summarised Financial Statements and Notice to the AGM – 31 December 2017 (Sotho Version)
Summarised Financial Statements and Notice to the AGM – 31 December 2017 (Zulu Version)
2016 Summarised Financial Statements and Notice to the AGM – 31 December 2016

Company Documents

MTN Zakhele Futhi MOI - 2019 Amendments
Relationship Agreement - 2019 Amendments
MTN Zakhele Futhi MOI - 2019 Amendments - clean format
Relationship Agreement - 2019 Amendments - clean format