The Group President and CEO has directed that all operations are to establish Foundations
that are funded by up to 1% of profit after tax (PAT). MTN Foundations projects
are aimed at establishing sustainable initiatives that promote partnerships with
We channel our investment toward developmental priorities in the countries in which
we operate. Foundations programme spend for 2011 is represented in the graphs below.
The decline in the amount spent on Corporate Social Investment (CSI) programmes for 2011 compared to 2010 is as
a result of our projects running over multiple reporting periods; payments are effected
once certain milestones are achieved, and only then can we report budget spending.
In addition, some of our operations experienced socio-political unrest during the
reporting year, which delayed the progress of our projects.
During 2011, we developed a new Group-wide strategy for community engagement, informed
by our ICT business strategy and national development agendas. The strategy also
takes into account the need to standardise governance and reporting, and measure
and evaluate the impact of our foundations. The aim of this standardisation is to
improve efficiency and sharing of knowledge and best practices.
We hope to finalise and roll out the Group CSI strategy starting in 2012. We intend
to focus 80% of our efforts on education as a key focus area for our CSI spend over
a period of years, while still continuing to support requirements for health and
national priority initiatives. The focus in 2012 is on rolling out our newly developed