MTN Group Limited Integrated Report for the year ended 31 December 2017

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About this report
This integrated report is MTN Group Limited’s primary communication to all
stakeholders and aims to enable them to make an informed assessment of our
performance and prospects.
Standards Council. We also comply with the JSE
Listings Requirements and the requirements of the
South African Companies Act of 2008. In parts of this
report, we include data on MTN Irancell as it is a large
and important operation. However, under IFRS, this
business is equity accounted for.
Non-financial information
We use local and global standards and guidelines to
compile non-financial information. These include the
JSE Listings Requirements, the Companies Act of
2008, the King Report on Corporate Governance for
South Africa 2016 (King IV), the IIRC’s guidelines, the
FTSE/JSE Responsible Investment Index, the United
Nations Global Reporting Initiative G4 Sustainability
Reporting Guidelines, the telecommunications sector
supplement and the CDP standard. Non-financial
information on certain aspects of the business has
been externally assured and is identified by LA .
The assurance statement is available online.
Approval by the board
The report was prepared under the supervision of
group CFO Ralph Mupita. The audit committee
ensures the integrity of the report and has applied its
collective mind to its preparation and presentation.
The directors are responsible for the integrated report
as a whole, which they approved in March 2018.
Ralph Mupita
Group chief financial officer
Scope and boundary
Our material matters, as well as our strategy, form the
anchor of the report and determine its content. It
covers the period 1 January to 31 December 2017,
and gives commentary, performance measures
and prospects for the group’s three regions and
seven most important operations. Details of our
material matters start on page 16. The structure and
layout of this report draws on the IIRC guidance.
We provide supplementary information in associated
reports, including that on sustainability and the
full set of annual financial statements (AFS), on
MTN’s website.
The regions in which we operate
SEAGHA: Southern and East Africa and Ghana
WECA: West and Central Africa
MENA: Middle East and North Africa
Enhancements in the year
The launch of our new BRIGHT strategy in June 2017
meant a change in the waywe report internally, linking
performance with the key metrics we use to measure
our delivery of strategy. This is reflected in changes to
the structure of our integrated report.
Financial information
We apply International Financial Reporting Standards
(IFRS) as issued by the International Accounting
Standards Board and Interpretations as issued by the
IFRS Interpretations Committee. We comply with
the SAICA Financial Reporting Guides as issued by
the Accounting Practices Committee and Financial
Pronouncements as issued by the Financial Reporting
Navigation
Links to the six pillars of our new BRIGHT strategy
are shown using the following icons:
Best customer experience
Returns and efficiency focus
Ignite commercial performance
Growth through data and digital
Hearts and minds
Technology excellence
Online reports
GR Governance report
SR Sustainability, including UN and CDP reports
AFS Annual financial statements
TAX Tax report
SE Social and ethics report
KIV King IV application
We welcome feedback on this report at:
Other icons
Limited assurance obtained LA
* Constant currency and after taking into account pro forma adjustments.
** Reported – as reflected in the MTN Group Limited financial results for the year ended 31 December 2017.
For a detailed explanation of these definitions, see page 39.
The forward looking financial information disclosed in this integrated report has not been reviewed or audited or otherwise reported on by
our external joint auditors.
It endeavours to provide a balanced review of the material matters we face; our use of the capitals as defined by
the International Integrated Reporting Council’s (IIRC) <IR> Framework; our key operational, financial,
economic, social and environmental performance; howwe are governed; our engagementwith stakeholders;
as well as our risks and opportunities. In short, it is our value creation story.