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4-Traders Homepage  >  Equities  >  Johannesburg Stock Exchange  >  MTN Group Limited    MTNJ   ZAE000042164

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MTN Group Limited : MTN sponsors delegates for One Young World Summit 2013 in Johannesburg

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05/15/2013 | 10:34am CET


Johannesburg - As part of the company's commitment to nurture the dreams and aspirations of tomorrow's leaders, MTN is sponsoring a minimum of 22 delegates from its operating countries across Africa and the Middle East, to attend the 2013 One Young World (OYW) Summit in Johannesburg, South Africa.

In the past two years, MTN has sponsored a total of 38 delegates who are now active OYW Ambassadors in their countries. MTN sponsored 21 and 17 delegates in 2011 and 2012 respectively. This year, however, the company aims to step up its involvement by doubling the sponsorship to at least two delegates from each market.

The Summit, now in its 4th year, is a platform for young people between the age of 18 and 30 from around the world to debate and formulate solutions to pressing global issues. At the Summit Closing Ceremony, delegates graduate as One Young World Ambassadors, joining a global network of young leaders who are creating a positive change around the world. This year's Summit will be held from 2-5 October in Johannesburg.

Rich Mkhondo, Executive for Group Corporate Affairs at MTN, and Advisory Board member of this year's Summit, says: "We are thrilled to be a part of this great initiative. Even more exciting is that MTN is contributing to the enrichment of young people's lives, and towards making their future brighter."

MTN believes that OYW is a platform for young people to contribute positively to their society. "Many of the past delegates have had an impact in their countries on a range of issues, including education, climate change and access to health," adds Mkhondo.

The Summit is one of many platforms that MTN uses to connect young people across its footprint, and create opportunities for the improvement of lives of communities in its markets. Delegates wishing to be sponsored by MTN for the 2013 Summit can complete the application form on www.oneyoungworld.com/join/candidate/MTN. The closing date for entries is 24 May 2013. For more information about One Young World, visit www.oneyoungworld.com

ENDS- -Issued by MTN Group Corporate Affairs About the MTN Group Launched in 1994, the MTN Group is a leading emerging market operator, connecting subscribers in 22 countries in Africa and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: "MTN." As of 31 March 2013, MTN recorded 195,4 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d'Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, South Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. Visit us at www.mtn.com , www.mtnbusiness.com , www.mtnmmo.com and for our football fans www.mtnfootball.com.

One Young World One Young World is a global youth leadership summit, bringing together 1 200 delegates primarily under 25 from over 170 countries worldwide. Unlike any other event in the world, One Young World gives delegates the kind of media platform and forum afforded ordinarily only to those who lead countries and corporations. One Young World gives them a platform for their views, vision and ideas to create real resolutions for real change.

For more information, please contact: Zinhle Dlamini on +27 83 212 9436 or Zinhle.Dlamini@mtn.com

Catherine Peter on +27 84 711 4373 or catherine.peter@oneyoungworld.com
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Financials ( ZAR)
Sales 2016 147 802 M
EBIT 2016 24 769 M
Net income 2016 189 M
Debt 2016 45 366 M
Yield 2016 5,95%
P/E ratio 2016 31,63
P/E ratio 2017 13,85
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Average target price 130  ZAR
Spread / Average Target 9,1%
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Robert Andrew Shuter President & Chief Executive Officer
Phuthuma Freedom Nhleko Executive Chairman
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Gunter Engling Chief Financial Officer
Koosum P. Kalyan Independent Non-Executive Director
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