Ralph Mupita, the boss of Africa’s largest mobile phone firm MTN, was paid R69 million in 2022 financial year compared to R84.2 million in 2021.
The total package of R69 million was made up of a R8.7 million salary and a R10.8 million in short-term incentives, plus R29 million million in long-term incentives (LTI) bonus.
Group chief financial officer Tsholofelo Molefe scored R19.8 million, including a base salary of R8.2 million, short-term incentives of R10.2 million, while Group Chief Operating Officer Jens Schulte-Bockum received a package of R56 million.
Board chairman Mcebisi Jonas received R4.8 million, including a R3.1 million retainer.
MTN delivered another solid performance in 2022, within an operating context of increased global and regional macroeconomic and geopolitical volatility.
Across the Group, the total number of subscribers increased by 6.1% to 289.1 million in 2022, notwithstanding the impact of SIM registration regulations in Nigeria and Ghana during the year.
Active data subscribers rose by 12.3% to 137 million and data traffic increased by 32.6%. This robust growth in data traffic was enabled by the investment made into our networks.
In 2022 MTN rolled out 3 498 3G and 7 993 4G sites, culminating in our 3G and 4G coverage increasing by nine
million and 45 million people respectively.
In 2022, we rolled out 1 570 5G sites, mainly in South Africa and Nigeria, bringing total number of 5G sites to 2 527.
MTN increased smartphone penetration to 58.0% of Iits customer base (up 3.8pp), as it continued our push for greater digital and financial inclusion.
