Group President and CEO Ralph Mupita comments:
Solid performance in a challenging operating environment
“In the first half of 2023, MTN continued to demonstrate the resilience of
its business model through the execution of our Ambition 2025 strategy.
Operating conditions remained challenging due to ongoing pressures in the
macroeconomic, geopolitical and regulatory environments across our markets.
In South Africa, although there was some respite in Q2 2023 as loadshedding abated compared
to Q1, power outages remained a constraint on our business. We experienced 181 days of
loadshedding in H1 2023 compared to 68 days in H1 2022. We focused on executing our
network resilience programme and are pleased with the improvements in network availability
and NPS during the period. We are tracking slightly ahead of plan in our resilience roll out,
which has been reflected in the encouraging uplift in traffic trends and service revenue in Q2,