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MTN warns gambling is hurting its prepaid business in South Africa | SA News

MTN warns gambling is hurting its prepaid business in South Africa - Ferdi Moolman
MTN South Africa CEO Ferdi Moolman

Online gambling has emerged as a surprising drag on MTN South Africa’s prepaid business, with the parent group citing the surge in betting activity as a key reason its local mobile arm is struggling to grow.

In its 2025 integrated report, published on Wednesday, MTN said muted prepaid growth in South Africa “is exacerbated by the growing share of disposable income that is being spent on online gambling”. The company also flagged competition from mobile virtual network operators (MVNOs) as a feature of the local pricing environment.

MTN South Africa lagged badly behind the rest of MTN Group’s portfolio in the 2025 financial year, which ended on 31…

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