The MTN board) has decided to implement a share repurchase programme.
The programme will see the group buy up approximately 31-million ordinary shares for about R6-billion, based on the closing price on 21 August 2026.
The repurchase programme starts today (24 August), after the closed period for interim results for the six months ended 30 June 2026.
The share repurchase authority was granted at MTN’s annual general meeting in May, when shareholders authorised the repurchase of up to 10% of ordinary issued shares.