MTN Group Limited
King IV Report on Corporate Governance for South Africa 2016 (King IV*). The preparation of financial statements in conformity with IFRS requires management to consistently apply appropriate accounting policies, supported by reasonable judgements and estimates. The directors are of the opinion
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Annual financial results
www.mtn.com(2020: 2.2x), Holdco net debt down to R30.1 billion (2020: R43.3 billion) ROE improved to 19.6% (up 2.6pp) Capex of R39.4 billion (R32.7 billion under IAS17 with capex intensity of 18.0%) MoMo Active users up 22.6% to 56.8 million Value of transactions up to 56.8% to US$23.9 billion
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