Telecommunications giant MTN Group has announced plans to invest approximately R21.8 billion (US$1.3 billion) in South Africa’s network infrastructure by 2028, reinforcing its commitment to advancing the country’s digital economy and connectivity landscape. The investment was unveiled during the recent South Africa Investment Conference in Johannesburg, where government and private sector leaders gathered to mobilize capital for national development priorities.
The funding will primarily support the expansion and modernization of broadband and telecommunications infrastructure, including upgrades to network systems and the rollout of advanced connectivity technologies. According to company leadership, broadband access remains a critical driver of economic participation, innovation, and entrepreneurship across industries and communities.
The announcement builds on significant recent spending by the operator. In 2025 alone, the company invested roughly R6.8 billion into its network footprint, underscoring a sustained capital investment strategy aimed at improving service quality and expanding coverage nationwide. By the end of 2028, the cumulative investment is expected to reach nearly R22 billion, positioning the company as a key contributor to South Africa’s digital transformation agenda.
Beyond infrastructure development, the investment is expected to generate broader socio-economic benefits. The company highlighted its ongoing role in job creation, digital skills development, and support for small businesses and entrepreneurs. In 2024, its total tax contribution to the South African government reached approximately R5.4 billion, reflecting its continued economic impact and partnership with the state in driving national growth.
South Africa’s digital ecosystem continues to evolve rapidly, with increasing demand for reliable connectivity, digital services, and emerging technologies such as 5G and cloud-based platforms. Industry leaders believe sustained infrastructure investment will be essential to closing connectivity gaps, particularly in underserved communities, while enabling inclusive participation in the digital economy.
As Africa’s largest mobile network operator, serving more than 300 million customers across multiple markets, the company’s long-term investment signals strong confidence in South Africa’s digital future and its role as a regional hub for technology-driven economic growth.