At the same time, Yolanda Cuba, currently MTN Group's vice president for Southern and East Africa, will step down from the group executive committee to become deputy CEO and executive director of MTN South Africa.
"Both Ferdi and Yolanda bring extensive group-wide experience and will collaborate to accelerate growth and maximise returns in MTN South Africa," it added.
Molapisi was appointed as MTN South Africa CEO in 2022, replacing Godfrey Motsa. Molapisi has a strong background in network and IT and will remain on the group exco, taking up his previous role as group chief technology and information officer.