MTN Group announces R6 billion share buyback and dividend uplift

MTN Group's efforts to woo back investors by announcing an enhanced shareholder remuneration framework on Monday, including a R6 billion share buyback programme and a 45% uplift in the dividend, appears to have been positively received by investors.

- EDWARD WEST

MTN Group increased service revenue by nearly a quarter to R218bn in its 2025 financial year, led by strong performances from MTN Nigeria and MTN Ghana.

(Independent Newspapers)

The share price shot up 6.6% to R195,11 on the JSE on Monday morning. The share price has risen over 68% so far over 12 months.

The group, which attracted negative media attention recently because of an investment in an Iranian telecom company that it cannot sell, said at the release of 2025 financial results that shareholders would also benefit from a reaffirmation of medium-term earnings guidance, while return and debt leverage metrics were being updated.

The group said its work with communities, nation states, and other stakeholders had led to the achievement of its strongest reputation and trust scores since the launch of its Reputation Index

Survey in 2019.