A new minimax inequality on H-spaces is obtained together with six equivalent formulations. As applications, some results on fixed point theorems and system of inequalities are proved. Our results generalise the corresponding results on (1) minimax inequalities due to Fan, Yen, Tan, Shih-Tan and Ding-Tan, (2) fixed point theorems due to Browder, Tarafdar, Shih-Tan and Ding-Tan, (3) convex inequalities due to Fan, (4) systems of inequalities due to Granas-Liu and (5) a minimax theorem due to Kneser.