MTN Group on Friday said that group president and CEO Ralph Mupita’s employment agreement has been extended until August 31, 2030.

The group reached an agreement with Mupita on the extension of his contract, originally set to run through to September 30, 2025, after which it was approved by the group board of directors at the company’s meeting on November 29, 2024, the company said in a statement.

“The extension of Ralph's tenure will provide important continuity during a period of significant global and regional uncertainty. It will allow MTN to effectively navigate the complex geopolitical dynamics, market volatility and macroeconomic challenges affecting the business. Additionally, it will ensure that the company remains focused on its strategic priorities and continues to deliver on its commitments to shareholders and broader stakeholders,” MTN Group chairperson Mcebisi Jonas said.