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VALUE FOR VALUE Thank you to the Bowl After Bowl Episode Producers: harvhat, ChadF, beamus, HeyCitizen, makeheroism, Boolysteed, bitpunk.fm, The Doerfels, ericpp, PermaNerd Intro/Outro: capshun, BLVDE RUNNER - Astaroth GET FREE STICKERS Send a self-addressed envelope to PO Box 410514 Kansas City, MO 64141 THANK YOU FOR THE GNOME ART, BEAMUS! FIRST TIME I EVER… Bowlers called in to discuss the fate of the FTIEs. Next week, we want to hear about the First Time YOU Ever called somebody by the wrong name. TOP THREE 33 iOS 18.5 - Apple just gave all iPhone users 33 reasons to update now (Forbes) 33 people displaced after apartment fire in Fort Pierce, Florida (WPBF) South Africa's MTN Group reports 33% rise in first-quarter core profit (Reuters) Gaza death toll nears 52,900 as Israel kills 33 more Palestinians (Anadolu Ajansi) Sudan: 33 people killed in attacks suspected to [be] carried out by paramilitary Rapid Support Forces (NEWS ON AIR) BEHIND THE CURTAIN Woman allegedly gave THC candy to playground children (YouTube) Colorado lawmakers send bill to Gov. Jared Polis to streamline marijuana regulation (CO General Assembly) Denver mayor signs ordinance updating Denver Marijuana Code to law (Denver Gov) Indiana Gov. Mike Braun signs bill banning marijuana advertising (21 Alive News) Independence, Missouri to use marijuana sales tax to solve cold cases (FOX4) Why is Nebraska mulling changes to voter-approved medical cannabis laws? (Nebraska Examiner) Gov. Kathy Hochul signs NY budget bill, removes clause allowing police to use the smell of marijuana as probable cause that a driver is impaired (NY.gov) METAL MOMENT Tonight, the RevCyberTrucker brings us Green Day's Boulevard of Broken Dreams. Follow along with his shenanigans on the Fediverse at SirRevCyberTrucker@noauthority.social ON CHAIN, OFF CHAIN, COCAINE, SHITSTAIN Bitcoin Mechanic vs Peter Todd OP_Return Debate Bitcoin accepted at Steak n' Shake (Forbes) KC BTC meetup Thursday at The Bar / KC BTC meetup Friday at Steak n' Shake / KC BTC May 28th circular economy Want in on a Ring of Fire? Email spencer@bowlafterbowl.com FUCK IT, DUDE. LET'S GO BOWLING Banburyshire woman's 33-mile challenge raises thousands for equine therapy project (Banbury Guardian) Man died of 'blunt force injuries' at US petting zoo after suspected kangaroo fight in South Carolina (The Guardian) Fairfax County, VA McDonald's now has 21+ policy for indoor dining (NBC) Nebraskan jailed for lightsaber attacks (The Smoking Gun) American tourist climbs over fence at Colosseum, impales self on spike (LA Times) Amazon delivery driver caught defecating at L.A. homes gets fired (KTLA) Five fishermen adrift for 55 days (CBS) Romanian comes across hoard of priceless coins while out for nature walk (FOX) Arizona family creates AI likeness of murder victim to forgive killer during sentencing (Not the Bee) Missouri boy finds giant morel mushroom (News Nation Now)
Motheo Khoaripe speaks to Jan Vermeulen, Editor at MyBroadband, about the long-running litigation between MTN Group and Turkcell, now headed to South Africa's Constitutional Court over allegations of bribery and irregularities in securing an Iranian licence. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.Thank you for listening to The Money Show podcast.Listen live - The Money Show with Stephen Grootes is broadcast weekdays between 18:00 and 20:00 (SA Time) on 702 and CapeTalk.There’s more from the show at www.themoneyshow.co.zaSubscribe to the Money Show daily and weekly newslettersThe Money Show is brought to you by Absa.Follow us on:702 on Facebook: www.facebook.com/TalkRadio702702 on TikTok: www.tiktok.com/@talkradio702702 on Instagram: www.instagram.com/talkradio702702 on X: www.x.com/Radio702702 on YouTube: www.youtube.com/@radio702CapeTalk on Facebook: www.facebook.com/CapeTalkCapeTalk on TikTok: www.tiktok.com/@capetalkCapeTalk on Instagram: www.instagram.com/capetalkzaCapeTalk on YouTube: www.youtube.com/@CapeTalk567CapeTalk on X: www.x.com/CapeTalk See omnystudio.com/listener for privacy information.
Stephen Grootes speaks to Ralph Mupita, MTN Group CEO, about the company's annual financial results, which showed a 68% slump in headline earnings per share due to currency devaluations and conflict in Sudan. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.Thank you for listening to The Money Show podcast.Listen live - The Money Show with Stephen Grootes is broadcast weekdays between 18:00 and 20:00 (SA Time) on 702 and CapeTalk. There’s more from the show at www.themoneyshow.co.za Subscribe to the Money Show daily and weekly newslettersThe Money Show is brought to you by Absa. Follow us on:702 on Facebook: www.facebook.com/TalkRadio702 702 on TikTok: www.tiktok.com/@talkradio702702 on Instagram: www.instagram.com/talkradio702702 on X: www.x.com/Radio702702 on YouTube: www.youtube.com/@radio702CapeTalk on Facebook: www.facebook.com/CapeTalk CapeTalk on TikTok: www.tiktok.com/@capetalk CapeTalk on Instagram: www.instagram.com/capetalkzaCapeTalk on YouTube: www.youtube.com/@CapeTalk567CapeTalk on X: www.x.com/CapeTalkSee omnystudio.com/listener for privacy information.
In this What's Next with Aki Anastasiou interview, Ernst Fonternel discusses the importance of putting customers first. Fonternel is MTN South Africa's Chief Consumer Officer and boasts over 20 years of experience in the telecommunications industry. During this time, he has worked in many important roles - including as Senior Manager at MTN Group, Chief Marketing Officer at MTN Zambia, and Chief Marketing Officer at MTN Uganda. In this What's Next interview, Fonternel explains why it is important for MTN to put its customers first and how it achieves this through its world-class mobile services. He reveals how MTN is also leveraging chatbots to improve customer experience, and using AI to create personalised mobile plans. Fonternel then explains how customers can take advantage of customisable MTN mobile plans, before discussing how MTN uses data-driven technologies to ensure optimal network performance. He concludes the interview by explaining how MTN is addressing inequality and helping underserved South Africans access the connectivity they need to thrive
Ayedime Amadi, Senior Manager Enterprise Architecture & Customer Channels for MTN Group, talks about her passion for helping people develop technology and leadership skills, which in turn help MTN Group transform from a telco to a techco.
Duncan McLeod, founder and editor at Techcentral on MTN Group's Nigerian arm facing hurdles with losses reported in Q1 2024 due to inflation and currency devaluation. Regulatory pressures slow subscriber growth. Despite challenges, MTN Nigeria remains resilient, focusing on strategic initiatives to address its negative capital position.See omnystudio.com/listener for privacy information.
MTN Group's Procurement Center of Excellence Leader Andrew Savage talks with The Hackett Group's Managing Partner and AI and Digital Operations Practice Leader Vin Kumar about MTN Group's Procurement Cockpit, a digital transformation project which received The Hackett Group's 2023 Digital Award in Source-to-Purchase. The central procurement intelligence platform focuses in three areas: sourcing intelligence, supplier governance, and best practices.
From the internet of things (IoT) to private 5G networks, MTN Group has a lot to offer public sector organisations, according to David Behr, CEO of MTN Converged Solutions. Behr, a stalwart of the local ICT industry and a recent recruit to MTN, tells TechCentral's TCS+ business technology show about the solutions that MTN Business offers its government clients, including smart government solutions, IoT (for example, for smart metering) and private 5G (which has strong applications in areas such as healthcare and education). Although some government processes have been automated successfully and improved using technology, many areas of the public sector are still quite manual and paper-based, and modern technologies offer an opportunity to reduce administrative overheads and improve service quality for South African citizens, Behr explains in the interview. In this episode of TCS+, Behr unpacks: • The state of spending on ICT solutions in South Africa's public sector, and where spending should be directed; • What further role technology can play in improving government's work and the effective management of government services; • The role of private 5G networks in the public sector; • The state of cybersecurity in government and what more can be done to protect public sector systems from attack; and • The public sector opportunity in the rest of Africa. If you work in the public sector, be sure not to miss this important conversation. TechCentral
Ralph Mupita, the CEO of MTN Group, Africa's leading telecommunications provider, discusses the company's full-year financial results with Bruce Whitfield. The latest numbers reveal a sharp decline in earnings for the full year of 2023, attributed to the significant volatility of the Nigerian naira, impacting the telco's profitability. Professor Jon Foster-Pedley, Dean and director of Henley Business School Africa talks to Bruce Whitfield on the implication of Damelin, CityVarsity and Lyceum colleges being deregistered by the Department of Higher Education. This action was taken due to their failure to submit annual financial statements for the years 2021 and 2022, as well as non-compliance with legal requirements, according to the Department of Higher Education. Charlene Archibald, co-founder of Crime Scene Clean Up, opens up on the business of cleaning crime scenes in South Africa. She tells Bruce Whitfield that there is no governing legislation for the industry and how she got into this business. She reveals to Bruce that she would vomit when she sees a dirty rubbish bin but is not scared of cleaning up a gory crime scene. See omnystudio.com/listener for privacy information.
Ralph Mupita, the CEO of MTN Group, Africa's leading telecommunications provider, discusses the company's full-year financial results with Bruce Whitfield. The latest numbers reveal a sharp decline in earnings for the full year of 2023, attributed to the significant volatility of the Nigerian naira, impacting the telco's profitability. During the conversation with Bruce, Ralph discloses that the company has invested a staggering R2.5 billion into the South African network to combat load-shedding issues.See omnystudio.com/listener for privacy information.
The inaugural board of directors of the National Transmission Company of South Africa (NTCSA), which was announced by the Eskom board on Tuesday, will be chaired by Priscillah Mabelane, who is also the executive VP of Sasol's energy business. The long-awaited appointment represents a significant milestone in the legal separation of Eskom into three separate entities of generation, distribution and transmission, as outlined in the Department of Public Enterprises' 2019 'Roadmap for Eskom in a reformed electricity supply industry'. NTCSA's separation has been prioritised given the importance of having an independent transmission entity for levelling the playing field in an electricity supply industry that is transitioning to include multiple generators rather than relying primarily on Eskom as a vertically integrated monopoly. The NTCSA is already registered as a business and last year received approval for the three requisite licences from the National Energy Regulator of South Africa. "The appointment of the NTCSA board takes Eskom a step closer to unlocking the potential that comes with the planned transformation of the electricity industry," Eskom chairperson Mteto Nyati said in a statement, while thanking the incoming NTCSA board members for raising "their hands to guide Eskom into a future where South Africans have reliable, affordable and environmentally friendly" electricity supply. At Sasol, Mabelane is playing a central role in the JSE-listed group's own 'Just Energy Transition' away from its current reliance on coal to produce transportation fuels and various chemicals, with Sasol having outlined a vision for unlock South Africa's potential to be a global green hydrogen and derivatives producer. She is a qualified Chartered Accountant, and the Eskom statement adds that she has experience in leadership, corporate finance, strategy, energy and risk. "She is responsible for upstream and downstream gas activities as well as distribution, marketing and sales of liquid fuels in Southern Africa. She is leading strategy formulation for the Energy Business which will support and steer a stakeholder-centric approach in spurring sustainable growth," the statement reads. The 11 members of the board were identified as including: Dr Brian Armstrong, who has been appointed as the lead independent director, and who has 30 years of top-level management experience in the telecommunications, information technology, research and development and systems engineering sectors, both in South Africa and abroad, including as COO and chief commercial officer of Telkom; Lungile Mashele, an energy economist and banker with more than 12 years of energy industry experience in Africa, including in her current position as an energy and infrastructure specialist at the Public Investment Corporation; Carmen Le Grange, a qualified Chartered Accountant with 22 years of experience, including being a former Denel CFO; Anu Sing, who has more than 25 years of experience at board and executive level, including five years with the MTN Group; Nkosinathi Solomon, who holds an MBA degree and a BSc in Chemical Engineering, and is described as having a good understanding of the energy landscape, as well as experience in leading transforming organisations; Professor Mark Swilling, who ended a stint as Development Bank of Southern Africa chair in September 2023, and who is the co-director of the Centre for Sustainability Transitions at Stellenbosch University; Auke Lontm who, with 25 years of industry experience, is described as being highly recognised internationally in the transmission system operator environment, having been CEO of Norway's Statnett; Professor Francis Petersen, who is the Rector and Vice Chancellor of the University of the Free State in South Africa and previous executive head of strategy at Anglo American Platinum; Sedzani Mudau, who has 19 years of business experience and is the executive director of Favest Advisory, board chairperson at Sente...
The inaugural board of directors of the National Transmission Company of South Africa (NTCSA), which was announced by the Eskom board on Tuesday, will be chaired by Priscillah Mabelane, who is also the executive VP of Sasol's energy business. The long-awaited appointment represents a significant milestone in the legal separation of Eskom into three separate entities of generation, distribution and transmission, as outlined in the Department of Public Enterprises' 2019 'Roadmap for Eskom in a reformed electricity supply industry'. NTCSA's separation has been prioritised given the importance of having an independent transmission entity for levelling the playing field in an electricity supply industry that is transitioning to include multiple generators rather than relying primarily on Eskom as a vertically integrated monopoly. The NTCSA is already registered as a business and last year received approval for the three requisite licences from the National Energy Regulator of South Africa. "The appointment of the NTCSA board takes Eskom a step closer to unlocking the potential that comes with the planned transformation of the electricity industry," Eskom chairperson Mteto Nyati said in a statement, while thanking the incoming NTCSA board members for raising "their hands to guide Eskom into a future where South Africans have reliable, affordable and environmentally friendly" electricity supply. At Sasol, Mabelane is playing a central role in the JSE-listed group's own 'Just Energy Transition' away from its current reliance on coal to produce transportation fuels and various chemicals, with Sasol having outlined a vision for unlock South Africa's potential to be a global green hydrogen and derivatives producer. She is a qualified Chartered Accountant, and the Eskom statement adds that she has experience in leadership, corporate finance, strategy, energy and risk. "She is responsible for upstream and downstream gas activities as well as distribution, marketing and sales of liquid fuels in Southern Africa. She is leading strategy formulation for the Energy Business which will support and steer a stakeholder-centric approach in spurring sustainable growth," the statement reads. The 11 members of the board were identified as including: Dr Brian Armstrong, who has been appointed as the lead independent director, and who has 30 years of top-level management experience in the telecommunications, information technology, research and development and systems engineering sectors, both in South Africa and abroad, including as COO and chief commercial officer of Telkom; Lungile Mashele, an energy economist and banker with more than 12 years of energy industry experience in Africa, including in her current position as an energy and infrastructure specialist at the Public Investment Corporation; Carmen Le Grange, a qualified Chartered Accountant with 22 years of experience, including being a former Denel CFO; Anu Sing, who has more than 25 years of experience at board and executive level, including five years with the MTN Group; Nkosinathi Solomon, who holds an MBA degree and a BSc in Chemical Engineering, and is described as having a good understanding of the energy landscape, as well as experience in leading transforming organisations; Professor Mark Swilling, who ended a stint as Development Bank of Southern Africa chair in September 2023, and who is the co-director of the Centre for Sustainability Transitions at Stellenbosch University; Auke Lontm who, with 25 years of industry experience, is described as being highly recognised internationally in the transmission system operator environment, having been CEO of Norway's Statnett; Professor Francis Petersen, who is the Rector and Vice Chancellor of the University of the Free State in South Africa and previous executive head of strategy at Anglo American Platinum; Sedzani Mudau, who has 19 years of business experience and is the executive director of Favest Advisory, board chairperson at Sente...
Nkosinathi Ndlovu Journalist at TechCentral explains why MTN Group has launched multiple satellite trials across Africa with Starlink, AST SpaceMobile and Lynk Global. Prof Jan Havenga, logistics Professor at Stellenbosch University & Director Of Gain Group discusses why Transnet crisis has investors wanting to build a Botswana rail line to avoid South Africa. Chris Gilmour, investment analyst at Salmour Research on reasons that our hedge fund manager are piling up Uranium stocks. On signals feature, why SA's economy is shrinking, but unemployment is declining with Dr Azar Jammine, director and chief economist at Ecomometrix In investment school, Philip Short, portfolio manager from Flagship Asset Management on how likely is it that the world economy will experience a soft landing, and what would that mean for equity markets?See omnystudio.com/listener for privacy information.
MTN Group has appointed Stephen Blewett as the new Chief Executive Officer of MTN Ghana.
Russell Matambo hosts Serigne Dioum, Group CEO of MTN Fintech, an African mobile financial services platform and subsidiary of MTN, Africa's largest mobile network operator. With a footprint of 16 countries, over 69 million customers, and an annual transaction value of over US$220 billion, MTN Fintech is among the largest mobile financial services platforms in Africa. They discuss MTN's ambition to scale Africa's largest fintech platform, the strategic importance of carving out MTN Fintech and its partnership with Mastercard, and much more! About Serigne: Serigne Dioum is the Group CEO of MTN Fintech. Prior to this, Serigne was the MTN Group Executive for Mobile Financial Services. Serigne joined the MTN Group in September 2013, and has since then been responsible for driving MTN Mobile Money (MoMo) and related mobile financial services products and services across the MTN footprint. Serigne is passionate about financial inclusion and is spearheading MTN's ambition to build Africa's largest fintech platform, accelerating economic and social development through digital innovations for the benefit of citizens across the continent and beyond. Prior to joining MTN, Serigne headed Orange Money Skill Centre from 2008 to 2010 where he coordinated the launch of Orange Money in several Orange affiliates. Serigne holds a qualification in Telecommunications Engineering from the French institution ENST Bretagne. -- As always, for more Fintech insights and opportunities to collaborate, please find us below: WFT LinkedIn: www.linkedin.com/company/wharton-fintech-club/ WFT Twitter: twitter.com/whartonfintech WFT Blog: medium.com/wharton-fintech WFT Home: www.whartonfintech.org Russell's LinkedIn: www.linkedin.com/in/russell-matambo-cfa-a5900039/
Ralph Mupita, CEO at MTN Group on improving its network and exiting Afghanistan. Dave Watts, maritime consultant to the SA Association of Freight Forwarders on delays at SA ports causing MSC and Maersk to impose a surcharge fee. In our investment school, tech entrepreneur and board member at the CSI Stafford Masie on the recent bitcoin noise and whether you should be paying attention.See omnystudio.com/listener for privacy information.
Твой первый шаг в мир криптовалют здесь Удивительная Африка — колыбель цивилизации и непонятный для многих регион. Но в последнее время все как-будто помешались на Африке: именно она стала главной темой саммита БРИКС, также прошел саммит Россия-Африка. А Китай, Европа и США инвестируют в Африку сотни миллиардов долларов. Если гиганты там уже зарабатывают, может и нам пора инвестировать в Африку? Да, такой перспективный рынок не нужно упускать. Ведь в недрах Африки хранится 30% мировых запасов полезных ископаемых. Эксперты вообще ждут, что континент станет мировой суперсилой. Ещё бы: через 30 лет там будет жить в 2 раза больше людей даже чем в Китае. Но есть подвох: Африка очень неоднородная. Экономическое чудо портит политическая и социальная нестабильность. Это большие риски, которые беспокоят инвесторов. Континент находится в центре мировой политики, и расклад сил в Африке ещё может поменяться. Главное быть готовым. Поэтому давайте разбираться, что происходит в Африке. Почему Африка отстает от остального мира? Почему Африка до сих пор бедная? Какие интересные факты про африканский континент вы не знали? Получится ли там заработать и как это сделать? Мы расскажем, чем богата Африка и какие там перспективные отрасли. Какие акции и фонды можно купить инвестору в России. Как вложиться в Африку через иностранных брокеров и биржи. Про эти ETF говорим в ролике: iShares MSCI South Africa (EZA) VanEck Africa Index (AFK) Названия африканских акций: Standard Bank, MTN Group, Naspers Таймкоды: 0:00-1:46 – Материк Африка: добро пожаловать! 1:46-5:26 – Африка: перспективы непростого континента 5:26-10:25 – Все бегут инвестировать в Африку 10:25-15:27 – Россия и Африка: курс на сближение 15:27-17:08 – Зарабатываем на криптовалюте 17:08-28:06 – Куда вложиться, чтобы заработать на Африке 28:06-30:14 – Помним о рисках: регион остаётся сложным 30:14-31:46 – Заключение
Is it possible to do well while doing good in Africa? This week in the Boardroom, we spoke to Ebenezer Asante, the Senior Vice President for Markets at MTN Group, whose leadership and business philosophy left us speechless. Hailing from Ghana and with a footprint of impact and success across the continent, Ebenezer firmly believes that it is possible to prioritize ethics and integrity while simultaneously delivering stellar profits and business growth! In this episode, we unpack the stories, strategies and ideas that have shaped Ebenezer into a global executive whose track record is as clean as it is impressive. As we dig into the psychology of the African consumer, we also explored the tactics and mindset needed in order to build products and businesses that will stand the test of time. Join us for yet another fascinating conversation with a doer and thinker like no other! If you are interested in learning more about Ebenezer and her amazing work, follow the link here. --- Join us in creating social impact through a cup of tea by visiting www.nepalteacollective.com Support our podcast further by subscribing to our Patreon Page here: https://www.patreon.com/boardroombanter?fan_landing=true
Ralph Mupita, CEO at MTN Group on their interim financial result and their new investment from payments giant Mastercard. Arthur Goldstuck, founder and CEO at World Wide Worx on WhatsApp calls giving mobile operators a run for their money. Brad Bing, managing director at Sporting Chance discussed how he makes his money.See omnystudio.com/listener for privacy information.
Mastercard has agreed to purchase a minority stake in the fintech division of MTN Group, Africa's largest cellphone provider, which it values at $5.2 billion.
Evan Tindell, CIO of Bireme Capital, joins Yet Another Value Podcast today to share his thesis on Airtel Africa Plc (LSE: AAF), a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa. For more information about Bireme Capital, please visit: https://www.biremecapital.com/ Evan's Tweet thread on Airtel Africa: https://twitter.com/evantindell/status/1666503901229580291 Evan's blog post on his Airtel Africa thesis: https://www.biremecapital.com/cio-corner/airtel-africa Chapters: [0:00] Introduction + Episode sponsor: Stream by Alphasense [1:57] What is Airtel Africa $AAF.L and why is it interesting? [5:55] $AAF.L mobile money business [11:17] Spin-off IPO of mobile money business [12:47] $AAF.L risks [15:53] $AAF.L current valuation[20:15] Currency risk [24:04] $AAF.L Political risk / history of nationalization / tax on mobile payments [34:20] $AAF.L business model risk (being the T-Mobile in their markets [37:37] Airtel Africa vs. MTN Group [40:23] $AAF.L controlling shareholder - Bharti Airtel [45:47] Understanding emerging market economies and price sensitivity amongst consumers [48:56] $AAF.L product diversification risk [55:33] $AAF.L "no one cares" valuation risk Today's episode is sponsored by: Stream by Alphasense Are traditional expert calls in the investment world becoming obsolete? According to Stream, they are, and you can access primary research easily and efficiently through their platform. With Stream, you'll have the right insights at your fingertips to make the best investment decisions. They offer a vast library of over 26,000 expert transcripts, powered by AI search technology. Plus, they provide competitive rates on expert call services, and you can even have an experienced buy-side analyst conduct the calls for you. But that's not all. Stream also provides the ability to engage with experts 1-on-1 and get your calls transcribed free-of-charge—all for 40% less than you would pay for 20 calls in a traditional expert network model. So, if you're looking to optimize your research process and increase ROI on investment research spend, Stream has the solution for you. Head over to their website at streamrg.com to learn more. Thanks for listening, and we'll catch you next time. For more information: https://www.streamrg.com/
Telkom's asssets are in high demand, but CEO Serame Taukobong has insisted the company “does not need a knight in shining armour” to come riding to its rescue. In this TechCentral Show (TCS) interview with Taukobong, the Telkom boss provides his views on the interest received from a consortium that includes former CEO Sipho Maseko and Mauritius-based Axian Telecom, as well as MTN Group signalling that it, too, may still be interested in a deal. MTN walked away from early stage talks with Telkom last year after the latter's board agreed to entertain a rival offer from wireless broadband provider Rain, which had sought a merger with Telkom. But this week, during Telkom's annual results presentation to. Investors, MTN issued a statement in which it said a deal makes sense for shareholders of both entities. In the interview, at the JSE in Sandton, Taukobong answered several pressing questions: • Without corporate action, can Telkom survive and thrive in the longer term? • How supportive is government towards a partial or full sale of Telkom? • How will market consolidation likely happen and can South Africa's mobile market sustain four infrastructure competitors in Telkom, Vodacom, MTN and Rain? • Are the retrenchments at Telkom over, or is there still more pain to come? • What's the prognosis for capital expenditure at Telkom, and why did mobile spending outpace revenue growth? • What's hurting Telkom's free cash flow (a negative R2.7-billion in the 2023 financial year), and what is management doing to address the problem? • Does it still make sense for Telkom to own an IT services business? • What are the plans to unlock shareholder value, especially in Gyro? Don't miss the discussion! TechCentral
In this What's Next in Security interview, Sudipto Moitra – GM for ICT Solutions at MTN Business – joins Aki Anastasiou to discuss MTN's transformation from a telco to a TechCo. Moitra has built up extensive experience holding several strategic management positions at leading companies – including TCS and Dimension Data. In his current role at MTN Business, Moitra is responsible for ensuring that the company creates industry-leading B2B ICT solutions by converging legacy telco infrastructure with modern technology. Moitra is a distinguished thought leader in this arena and is building a strategy that will move MTN Business up the ICT stack. Moitra begins this What's Next interview by explaining what a TechCo is and why MTN Group is focused on becoming one. He then unpacks the latest B2B ICT trends and highlights the trends where South Africa is lagging behind the rest of the world.
Russell Matambo hosts Dare Okoudjou, Founder and CEO of MFS Africa, a leading Pan-African Fintech company, operating the largest digital payments hub on the continent. They discuss how Dare's telecom networking experience influenced is journey into Fintech, the importance of mobile money in Africa, MFS Africa's role as a connector of mobile money networks, and much more! About Dare: Dare is the Founder and CEO of MFS Africa, a leading Pan-African Fintech company, operating the largest digital payments hub on the continent. The MFS Africa Hub connects over 400 million mobile wallets in Africa, offering unparalleled reach into the growing African digital consumers. MFS Africa was named by Fast Company as one of Africa's Top 10 Most Innovative Companies. Prior to founding MFS Africa, Dare worked at MTN Group, where he developed its mobile payment strategy and led its implementation across 21 countries throughout Africa and the Middle East. He began his career as a management consultant with PriceWaterhouseCoopers in Paris. Dare holds an MSc in Telecom Engineering from ENST-Paris and an MBA from INSEAD. -- As always, for more Fintech insights and opportunities to collaborate, please find us below: WFT LinkedIn: www.linkedin.com/company/wharton-fintech-club/ WFT Twitter: twitter.com/whartonfintech WFT Blog: medium.com/wharton-fintech WFT Home: www.whartonfintech.org Russell's LinkedIn: www.linkedin.com/in/russell-matambo-cfa-a5900039/
This is Zack Fuss, an investor at Irenic Capital, and today we're breaking down MTN Group. MTN is the largest mobile network operator in Africa and one of the 10 largest in the world. It has over 270 million subscribers, operates in 20 different markets, and is also one of the largest FinTech's in the continent. To break down MTN, I'm joined by Benjamin Isaac, founder and Chief Investment Officer at Brizo Capital. We unpack their mobile money business in some detail, contrast the development of Telcos in Africa with what we've experienced in the US, and explore the competitive dynamics of operating in Africa. Please enjoy this breakdown of MTN. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- This episode is brought to you by Tegus. Tegus is the modern research platform for leading investors. Stretch your research budget with flexible expert calls you can trust. At a fraction of the cost of traditional expert networks, Tegus customers pay only what an expert charges – with zero markups and no confusing call credits – netting an average 70% savings. Don't want to conduct a full hour call? Tegus offers the ability to schedule 30-minutes, an offer you won't find anywhere else. And they don't stop there. With white-glove custom sourcing for every project and robust compliance measures, including a dedicated 50+ analyst team that vets every call transcript, Tegus ensures your privacy and protection. As the industry innovator for qualitative insights, Tegus helps you find the right experts you need at a quality and speed that can't be matched. For a limited time, as a listener, you can trial Tegus for free by visiting tegus.co/patrick. ----- Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @JoinColossus | @patrick_oshag | @jspujji | @zbfuss | @ReustleMatt | @domcooke Show Notes (00:02:24) - An overview of MTN Group today (00:04:13) - Contextualizing the scale and trajectory of the business vis-à-vis its strong African demographic (00:05:52) - MTN Group's unique position in the value chain (00:10:37) - The origin and the evolution of MTN Group (00:13:19) - The business' current and future revenue models and how they differ domestically and internationally (00:15:52) - Comparing ARPU in North America and Africa (00:18:03) - His take on why the international fintech market is developing as rapidly as it is (00:22:48) - Understanding use cases for MTN Group's mobile money products (00:27:57) - The low market share held by credit card companies in Africa, and the opportunity it represents for MTN Group (00:29:07) - Regional differences, local competition, and the overall market structure (00:30:42) - The architects, visionaries, and capital allocators behind MTN Group (00:34:33) - What structural separation means for a business like MTN Group (00:36:31) - Measuring the size and scale of the business (00:38:53) - Investing in emerging markets (00:42:59) - The importance of location in a mobile fintech company listing (00:45:09) - Risks and challenges facing MTN Group (00:49:53) - How African mobile and fintech markets fared during COVID (00:51:23) - Framing the business' current and future picture of profitability (00:56:23) - Lessons learned in studying the story of MTN Group
How do we develop a growth mindset, one of teachability that says, "I make mistakes and grow," one of adaptability that says, "I transform and change," and one of possibility that says, "I can be more, do more, and achieve the impossible"? This is what we learn from the story of Yolanda Cuba, who went from wanting to be a white person when she grew up to becoming a trailblazer for women in business in the African continent. At age 29, Yolanda became one of the youngest chief executive offices ever of a Johannesburg Stock Exchange-listed company. She is the Vice President for Southern and Eastern Africa of the super-successful MTN Group, a homegrown company that is turning heads for its success in Africa and the Middle East. In this conversation, she shares why and how mindset matters, why having a twin uplifts you, why sustainable success is much greater than the numbers in business, why Environmental, Social, and Governance issues matter more than ever, and why meeting Nelson Mandela forever changed the way she leads. Tune in for all of these and more!Love the show? Subscribe, rate, review & share! https://anne-pratt.com
Arrie Rautenbach, CEO at Absa Group, analyses the lender's financial results. Absa hiked annual dividend payout and raises alarm over load shedding. MTN revised its core profit margin due to the costs of load-shedding, according to Ralph Mupita, MTN Group's CEO. Anthony Leeming, CEO of Sun International Group, discusses the effect of load shedding on the business, but sees domestic recovery. See omnystudio.com/listener for privacy information.
EOH Holdings is about to embark on a rights offer, seeking up to R600-million from its long-suffering shareholders as it moves to deal with the unsustainable debt on its balance sheet. At the same time, the share price – R3.10 at the time of publication – has fallen to levels last seen in early 2020, soon after the start of the Covid-19 hard lockdown sent equity markets crashing. Is it all bad news at EOH, or is the market overreacting? Stephen van Coller, EOH's group CEO, joins TechCentral's Duncan McLeod in the TC|Daily studio to unpack the debt problem EOH faces: how bad is it, how much is it spending to service this debt, and what happens if the rights issue is not a success? Van Coller, who joined EOH from MTN Group, says getting the capital structure right will put the IT services group on a sustainable footing for profitable growth. Could that mean a rerating of the share price, too? In this episode of TC|Daily, Van Coller unpacks: • The timelines for the rights issue, what shareholders are being asked to do. • Whether EOH will need to sell more businesses, and investor concern that if it does it'll be cutting into muscle rather than fat. • Whether the entire EOH business could be put for sale. • The profit margins that EOH can reasonably expect in the longer term. The conversation then turns to the legacy corruption issues at EOH. Here Van Coller tackles several thorny issues, including: • The civil suits against former directors, including ex-CEO and co-founder Asher Bohbot, how these suits are progressing, and their chances of success. • Whether we are likely to see criminal prosecutions against former EOH executives anytime soon. • The recent settlement with the Special Investigating Unit over corrupt dealings at the department of water & sanitation, and whether there are any other legacy issues that could cost EOH money. • EOH's relationship (or lack thereof) with Microsoft. Lastly, Van Coller talks about his time at EOH – and why he would not have taken the job if he'd known he'd be spending his time cleaning up a nest of corruption. He also tells TC|Daily what he may do next when he eventually moves on from the company. Don't miss the interview! TechCentral
EOH Holdings is about to embark on a rights offer, seeking up to R600-million from its long-suffering shareholders as it moves to deal with the unsustainable debt on its balance sheet. At the same time, the share price – R3.10 at the time of publication – has fallen to levels last seen in early 2020, soon after the start of the Covid-19 hard lockdown sent equity markets crashing. Is it all bad news at EOH, or is the market overreacting? Stephen van Coller, EOH's group CEO, joins TechCentral's Duncan McLeod in the TC|Daily studio to unpack the debt problem EOH faces: how bad is it, how much is it spending to service this debt, and what happens if the rights issue is not a success? Van Coller, who joined EOH from MTN Group, says getting the capital structure right will put the IT services group on a sustainable footing for profitable growth. Could that mean a rerating of the share price, too? In this episode of TC|Daily, Van Coller unpacks: • The timelines for the rights issue, what shareholders are being asked to do. • Whether EOH will need to sell more businesses, and investor concern that if it does it'll be cutting into muscle rather than fat. • Whether the entire EOH business could be put for sale. • The profit margins that EOH can reasonably expect in the longer term. The conversation then turns to the legacy corruption issues at EOH. Here Van Coller tackles several thorny issues, including: • The civil suits against former directors, including ex-CEO and co-founder Asher Bohbot, how these suits are progressing, and their chances of success. • Whether we are likely to see criminal prosecutions against former EOH executives anytime soon. • The recent settlement with the Special Investigating Unit over corrupt dealings at the department of water & sanitation, and whether there are any other legacy issues that could cost EOH money. • EOH's relationship (or lack thereof) with Microsoft. Lastly, Van Coller talks about his time at EOH – and why he would not have taken the job if he'd known he'd be spending his time cleaning up a nest of corruption. He also tells TC|Daily what he may do next when he eventually moves on from the company. Don't miss the interview!
The Hackett Group Principal Vin Kumar talks with MTN Group CPO Dirk Karl about the company's digital transformation effort in procurement, which won the company a 2022 Digital Award from The Hackett Group.A complete list of show notes is available here for download.
Available on Spotify, Apple, and anywhere else you listen to podcasts!Timestamps:Intro‘Fin-techionary' of the Week: Moblie Money Pay (1.31)News (2.27)Interview with Ray & Michael about their experience and current work at Opareta (5.01)Ray & Michael Interview each other (26.34)Quick Fire Questions with Ray & Michael (32.09)Signals Fintech Founders: Qanlex's Yago Zavalia on Building Fintech in Inefficient Markets (42.11)Transcript:Hey FinTech friends. Hey FinTech friends. My name is Helen Femi Williams, and I'm your host of this new podcast. Hey FinTech friends!This podcast is brought to you by This Week in FinTech, which is on the front page of global FinTech news, fostering the largest FinTech community through newsletters, thought leadership, and events. Oh, and now podcasting. So let's talk about the structure of this podcast.First, we're going to go through the news. And if you're a subscriber to the this week in FinTech newsletter, you're in luck, because this is the audio version. Then we're going to have a chat with this week's friends. And yeah, it's plural friends, Michael Schwartz and Ray Besiga from Opareta. And this episode besties is a little bit different from previous episodes, that is due to some internet issues, but it makes a really good interesting chat because there are times when Michael and Ray are actually interviewing each other, and there are other times where we're having like a really interesting three-way conversation. And lastly, I'll tell you a little bit about the latest Signals article Dez Fleming interviews Yago to understand how his company is turning lawsuits into investable financial assetsFin-techionaryThis weeks, ‘fintechtionary', which is our dictionary definition of a fintechy word is:Mobile Money PayAccording to the World Bank, at the most basic level, mobile money is the provision of financial services through a mobile device. This broad definition encompasses a range of services, including payments (such as peer-to-peer transfers), finance (such as insurance products), and banking (such as account balance inquiries). In practice, a variety of means can be used, such as sending text messages to transfer value or accessing bank account details via the mobile internet. Special “contactless” technologies are available that allow phones to transfer money to contactless cash registersAlthough mobile phones are central to all these uses, mobile money is more than just technology—it needs a cash-in, cash-out infrastructure, usually accomplished through a network of “cash merchants” (or “agents”), who receive a small commission for turning cash into electronic value (and vice versa). But first this week in Fintech
Ralph Mupita, CEO at MTN Group comments on their solid financial results and on the news that Rain, a data-only mobile network wants to merge with Telkom. Meanwhile, Duncan McLeod, founder and editor at Techcentral analyses Rain's proposition to join with Telkom, weeks after MTN revealed its interest in the latter. Then, Gregg Sneddon, certified financial planner at The Financial Coach discusses tax planning when it comes to income retirement in our personal finance feature.See omnystudio.com/listener for privacy information.
Ralph Mupita, CEO at MTN Group on how their fintech drive was able to position the company to grow financially. Also, CEOs at Aspen and Nedbank took Bruce Whitfield through their financial results. Then, S'onqoba Vuba, co-founder & managing director, Perpetu8 was our shapeshifter. Vuba was detailing her work with SMMes See omnystudio.com/listener for privacy information.
In his address to the nation last Sunday, President Cyril Ramaphosa announced that the government is looking into making vaccines mandatory for certain activities. This comes as several universities and companies have announced mandatory vaccination for staff and students. Africa's largest wireless carrier, the MTN Group went a step further YESTERDAY when it announced that it is prepared to fire employees who don't comply with its mandatory vaccine policy unless they qualify for exemption. We discuss mandatory vaccines with labour organization, South African Federation of Trade Unions General Secretary, Zwelinzima Vavi
Business rights group, Sakeliga, says it is opposed to mandatory Covid-19 vaccine policies, saying several organisations are against so-called social monitoring systems. Africa's largest wireless carrier, the MTN Group went a step further yesterday announced that it is prepared to fire employees who don't comply with its mandatory vaccine policy unless they qualify for an exemption. National Employers Association of SA CEO, Gerhard Papenfus explains why they are against mandatory vaccinations
MTN Nigeria Communications Plc says it is set to proceed with a public offer for the sale of 575 million shares. The company says Its parent company, MTN Group, is set to proceed with this sale by means of a bookbuild to institutional investors and fixed price to retail investors. The company says the Offer is anticipated to open in November 2021 with a bookbuild to institutional investors, after which a fixed price is expected to be announced for retail investors also in November 2021. MTN says that it successfully completed the issuance of its N89.99bn series II 10-year 12.75 per cent fixed-rate bonds due 2031 under the N200bn bond issuance programme.
MTN Nigeria Communications Plc says it is set to proceed with a public offer for the sale of 575 million shares. The company says Its parent company, MTN Group, is set to proceed with this sale by means of a bookbuild to institutional investors and fixed price to retail investors. The company says the Offer is anticipated to open in November 2021 with a bookbuild to institutional investors, after which a fixed price is expected to be announced for retail investors also in November 2021. MTN says that it successfully completed the issuance of its N89.99bn series II 10-year 12.75 per cent fixed-rate bonds due 2031 under the N200bn bond issuance programme.
MTN Nigeria Communications Plc says it is set to proceed with a public offer for the sale of 575 million shares. The company says Its parent company, MTN Group, is set to proceed with this sale by means of a bookbuild to institutional investors and fixed price to retail investors. The company says the Offer is anticipated to open in November 2021 with a bookbuild to institutional investors, after which a fixed price is expected to be announced for retail investors also in November 2021. MTN says that it successfully completed the issuance of its N89.99bn series II 10-year 12.75 per cent fixed-rate bonds due 2031 under the N200bn bond issuance programme.
Ralph Mupita, CEO at MTN Group, talked to Bruce Whitefield about their results and their venture to create an insurance start-up with Sanlam. Pavlo Phitidis founder at Aurik Business Accelerator discusses business valuation. Then Personal finance advisor and executive director at Galileo Capital explains reliable ways to invest in big trends without taking excessive risk See omnystudio.com/listener for privacy information.
Meet Iredumare Opeyemi, Senior Manager, Legal & Partnerships (Music services), MTN Group. An Entertainment lawyer and Partner at Technolawgical Partners. In this episode, we discussed; content monetization for music creators, New platforms like Amplifihub for music/sound curators to make money, How to position your brand for partnership. If you're a music creator/enterprenuer looking to diversify your revenue, make more money off your music through licensing and sync, You need to grad a chair for this one because! this is some high profile inside gists/conversations here on the backstage show! Don't forget to like, follow and subscribe. Also Help a friend by sharing this with them... See you Backstage!
It's the final week of June 2021, and this is the eleventh audio episode of The Shyft Lift, the regular news digest of the app for the globally minded, based in South Africa. In this edition we get an update on what's happening with South African debt, commodities and rates, as well an update of another kind: the brand-new Shares functionality available on the Shyft app. As well as enabling you to buy forex instantly anytime, anywhere, and at the best rates, Shyft now gives you the power to invest in the top U.S. stocks and ETFs. In local debt markets, the issuance of green and sustainability-linked bonds has reached a total of R10.4-billion, excluding securitisation. (https://www.youtube.com/watch?v=bAFTpq0tH0Q&ab_channel=CNBCAfricaCNBCAfrica). Resources are coming up golden: the JSE All Share Index is up 38.1% over the year to May 2021. In the first five months of 2021, the best performing shares have been Distell, Sasol and MTN Group, all with returns above 60%. (https://www.youtube.com/watch?v=iauOiaBe-Es&ab_channel=BloombergMarketsandFinance). In the electric car evolution, the cathode is by far the most expensive (and important) part of the battery in an electric vehicle (EV). The auto industry is looking for new ways to power vehicles and a new substance called eLNO might be a big step in clean energy. (https://www.youtube.com/watch?v=HQKrkbkHOVE&ab_channel=JohnsonMatthey). South Africa exported goods worth R116 billion to the U.S. in 2020, which equates to a remarkable year-on-year rise of 29.7% during the pandemic year. (https://www.youtube.com/watch?v=nlxcHr3WWy4). SA's GDP is on the up, with growth continuing each quarter since the big decline in Q2 of 2020. The finance and mining sectors grew the most at the start of 2021, helping national GDP record a 4.6% expansion for the period from January to March this year. (https://www.youtube.com/watch?v=UOO65BunQnc&ab_channel=SABC). Alphabet, the parent company of Google, has surpassed Amazon to become the third most valuable U.S. company. (https://www.youtube.com/watch?v=LzjQWr3uqa4&ab_channel=Mr.LuxuryMr.Luxury). Pinterest – the U.S. social media platform that allows users to create and manage theme-based image collections – has rolled out a new shopping list feature. (https://www.pinterestcareers.com/transcripts/ben-silbermann-ceo-video/). Tesla has filed a new trademark with the United States Patent and Trademark Office for Elon Musk's restaurant concept. (https://www.youtube.com/watch?v=IjimZ_AHFOo&ab_channel=CasgainsAcademyCasgainsAcademy) and HSBC bank is testing the idea of giving some staff Zoom-free Friday afternoons, making it the latest in a string of businesses taking steps to address ZEF, or Zoom exhaustion and fatigue. (https://www.youtube.com/watch?v=avs8cPQYssA&ab_channel=CBCNews%3ATheNational. Shyft is an app for global citizens based in South Africa, powered by Standard Bank. Shyft connects you to the world. Best forex rates. No hidden fees. No paperwork. Visit getshyft.co.za to download the app today. The Standard Bank of South Africa is an authorised financial services provider (FSP 11287). --- Send in a voice message: https://anchor.fm/standard-bank-southafrica/message
Giant telecom operators from the UK, South Africa, Kenya and Japan are bidding to enter Ethiopia’s untapped telecom market.The country's finance ministry announced that it received two bids - from South Africa's MTN Group and a consortium that includes Kenya's Safaricom - as it works to open the telecom market to international operators.The consortium also includes Vodafone and CDC companies from the UK, South Africa's Vodacom and Japanese firm Sumitomo.Financial and technical assessments of the bids will be done by a national evaluation committee.
MTN Group has officially submitted its bid for a license in Ethiopia's telecommunications sector. The bidding process has been closed with only two international companies expressing interest. Only one State owned telecom company Ethiotelecom currently enjoys a monopoly in the country. The decision to liberalise the sector was made by Prime Minister, Abiy Ahmed, after he assumed power in 2018. Coletta Wanjohi reports from Addis Ababa:
In the fourth episode in TechCentral's s podcast showcase with iOCO, the systems integrator in the EOH Holdings stable, TechCentral speaks to Colin Millar about the rapidly growing importance to business of APIs, or application programming interfaces. In the podcast, Millar, who is MTN MAD API and Chenosis partner executive at iOCO, unpacks why APIs are becoming so important in modern business and how telecommunications operators like MTN Group as well as fintech players and e-commerce providers can access value-added revenue streams through the clever use of APIs. The conversation then turns to the extensive work that iOCO has done with MTN to develop the MAD API platform and the Chenosis API marketplace and the significance thereof for developers and businesses across the African continent. In the podcast, Millar also unpacks: * Why modern companies are becoming platform businesses and how, through these platforms, enabled by APIs, businesses can interconnect their partner ecosystems and find new routes to market; * How, through APIs, businesses can distribute their services more widely, integrate with powerful third-party apps, create new products and offer personalised customer service; and * How APIs have developed, allowing for more apps - and even APIs themselves - to interact in different ways. Don't miss the interview and the others in this series with iOCO.
For the past two years, Stephen van Coller has been holding down one of the toughest CEO jobs in South Africa -- attempting to lead IT services group EOH Holdings out of dire straits. The former MTN Group executive, who joined EOH in September 2018, has been fighting a corruption storm since early 2019, when TechCentral first published details of why Microsoft terminated partner agreements with the JSE-listed firm. Since then, its law firm, ENSafrica has uncovered shocking evidence of malfeasance in EOH's public sector business unit. In this episode of the podcast, TechCentral editor Duncan McLeod asks Van Coller about his past two years at EOH, the impact it's had on him personally, why he chose to be so transparent about the corruption, and what happens next. Van Coller also talks about EOH's 2020 full-year financial results, which were published on Wednesday, and why he believes the group is now on the mend. Don't miss the discussion!
Guest: Ralph Mupita | CEO at MTN Group See omnystudio.com/listener for privacy information.
Anglogold Ashanti, Hummingbird Resources and Cora Gold are some of the mining companies operating as normal Mali while also monitoring coup. MTN Group names Ralph Mupita as the new CEO replacing Rob Shuter. --- Support this podcast: https://anchor.fm/thekiso-anthony-lefifi/support
Solomon and David discuss the products announced at the Samsung virtual event this week, as well as the Google Pixel 4a and what it means to the African market. Instagram Reels and the open API market from MTN Group. Use DIGPODCAST voucher to get 5% discount on Odurka.com for all your premiuim electonics gadgets in Uganda. Stories Discussed: Samsung Galaxy Note 20 and Note 20 Ultra: All You Need to Know MTN unveils African API marketplace to unlock the continent's fast-growing API industry Facebook Launches TikTok Competitor; Instagram Reels
South African mobile operator MTN Group on Thursday said it will be exiting the Middle East over the medium term, starting with the sale of its 75% stake in MTN Syria as part of plans to focus on Africa.Group President and Chief Executive Officer Rob Shuter told media on a conference call as the firm reported its half-year results that MTN is in advanced discussions to sell the stake in MTN Syria to TeleInvest, which is the minority shareholder in MTN Syria with a 25% holding.Shuter said as part of the review of their portfolio, they believe the group is best served to focus on its pan-African strategy and to simplify its portfolio by exiting the Middle East region in an orderly manner.Learn more about your ad choices. Visit megaphone.fm/adchoices
TechCentral — In this episode, Duncan McLeod speaks to Telkom Financial Services managing executive Sibusiso Ngwenya to unpack the news at the weekend that the telecommunications operator is launching a range of financial services products. Telkom has launched a life insurance business and, like other operators, has begun offering funeral insurance -- big business in South Africa -- to it mobile clients. It has also begun offering business loans. In the podcast, Ngwenya explains why Telkom is doing this, whether telecoms operators have the right culture to tackle a completely different industry to ICT and why the company has chosen to work through partners, including GuardRisk Life, part of Momentum Metropolitan Holdings. The conversation then turns to Telkom's plan to launch a digital wallet to allow customers to transact electronically on its Yep app (which emerged from its Yellow Pages business) and other transactional platforms online. Lastly, Ngwenya talks about how big he sees Telkom Financial Services becoming and whether the company plans to develop a full-fledged mobile money offering similar to Vodacom Group's M-Pesa and MTN Group's Mobile Money offerings. Don't miss the discussion!
The Solution Space is an ecosystem for early-stage start-ups and a research and development platform for corporates. The Solution Space was founded in 2014 at the University of Cape Town Graduate School of Business. The university's Vice Chancellors Strategic Award provided initial capital, and our founding partner, the MTN Group, provided significant support from 2015. Our vision is to be known and recognised for pioneering ideas that impact and shape the future of the continent. Our mission is to inspire, nurture and equip the next generation of leaders to build a better future. We believe that behind all great companies are reliable founders. We support entrepreneurs to learn and grow, providing them with access to resources, corporate partners, mentors, advisory services, co-working space, speakers, and partnerships. Learn More: https://www.gsb.uct.ac.za/solutionspace Visit
The Solution Space is an ecosystem for early-stage start-ups and a research and development platform for corporates. The Solution Space was founded in 2014 at the University of Cape Town Graduate School of Business. The university's Vice Chancellors Strategic Award provided initial capital, and our founding partner, the MTN Group, provided significant support from 2015. Our vision is to be known and recognised for pioneering ideas that impact and shape the future of the continent. Our mission is to inspire, nurture and equip the next generation of leaders to build a better future. We believe that behind all great companies are reliable founders. We support entrepreneurs to learn and grow, providing them with access to resources, corporate partners, mentors, advisory services, co-working space, speakers, and partnerships. Learn More: https://www.gsb.uct.ac.za/solutionspace
Mobile operator MTN Group will launch its 5G commercial network in South Africa next week, joining Vodacom Group and Rain in the race to expand fifth-generation technology in the country. The firm said it is hosting a virtual launch event on June 30, where MTN South Africa CEO Godfrey Motsa will be present with other officials. Last November, Swedish mobile telecoms equipment maker Ericsson announced that it had been selected by MTN South Africa to build its new 5G core mobile and radio network. Learn more about your ad choices. Visit megaphone.fm/adchoices
South Africa’s MTN Group stuck to its medium-term forecast on Thursday, unlike some other companies, as it posted higher core earnings for the first quarter of 2020. The mobile operator however cut its capital expenditure guidance for 2020 to between 21 billion rand ($1.13 billion) and 22 billion rand, from 28.3 billion rand when it reported 2019 results in March. MTN’s Chief Financial Officer, Ralph Mupita said that while this financial year will be challenging, the company is maintaining its 3-5 years medium-term guidance for now. Mupita said MTN would update capital markets of any change in August when it is due to release its first half results. --- This episode is sponsored by · Afrolit Podcast: Hosted by Ekua PM, Afrolit shares the stories of multi-faceted Africans one episode at a time. https://open.spotify.com/show/2nJxiiYRyfMQlDEXXpzlZS?si=mmgODX3NQ-yfQvR0JRH-WA Support this podcast: https://anchor.fm/newscast-africa/support
Top executives at South Africa’s MTN Group have pledged nearly a third of their salaries and fees for the next three months to finance a 40 million rand ($2.2 million) emergency fund for staff affected by the coronavirus crisis. The donations by the telecoms group’s chairman, chief executive, chief financial officer and other directors announced on Wednesday are part of a broader 250-million-rand relief effort to tackle the coronavirus outbreak across its 21 markets. MTN will also contribute 10 million rand to a support fund set up by government and will invest 150 million in the Y’ello Hope Package for customers, including discounted off-peak calls, zero-rating of certain health, social services and educational sites, and payment concessions to business customers. --- Support this podcast: https://anchor.fm/newscast-africa/support Learn more about your ad choices. Visit megaphone.fm/adchoices
We caught up with Oye Akideinde, the newly appointed Head of Over the Top (OTT) music services at MTN Group. Oye was also the former regional director of West Africa for Boomplay music. The cross-section of topics discussed include: his journey into music and technology, the importance of strategy when it comes to the business of music, streaming services, payola, and more. We hope you enjoy it.
TechCentral — In this episode of the podcast, Duncan McLeod interviews newly appointed EOH Holdings CEO Stephen van Coller on the group's disappointing 2018 financial results. Van Coller, who joined EOH on 1 September from MTN Group, explains why he decided to take on the role and what his plans are for the business. He talks about his background in corporate and investment banking and in telecommunications and how that expertise will be brought to bear in EOH. How quickly will EOH be returned to its former glory? What structural and governance issues still need to be addressed in the business? Will it continue to be as acquisitive as it has in the past? How will it restore the confidence of investors, many of whom have been badly burnt in the past 18 months? Van Coller answers all of these questions and more in the podcast. Don't miss it!
According to MTN, the Nigerian Attorney General's office exceeded its powers when it demanded the cellphone network giant pay about $2bn (R30.2bn at current exchange rates) in back taxes. MTN Group has been rocked twice in the past two weeks in its biggest market, with the central bank and the attorney general accusing it of illegally repatriating funds and failing to pay the back taxes, making combined claims of $10bn (about R151bn at current exchange rates). MTN denies the allegations and is seeking a court order to halt the process. One of the people who have been following this story is Adetunji Omotola who is an Africa Analyst.
Naspers is in talks to sell DSTV to MTN Group. Nigerian Court restrains Multichoice from increasing Pay TV, DSTV cost. DStv grows subscribers, but margins squeezed. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
The National Youth Council of Nigeria is reported to have threatened to shut down all South African businesses today over the recent conflicts between locals and foreign nationals. The council made the call during a recent protest at the South African embassy in Abuja, Nigeria. South Africa's mobile-operator MTN Group earlier noted with concern violence and vandalism at its property in Nigeria, where protesters attacked and vandalised its head office. Sakina Kamwendo speaks to National Vice President of the National Youth Council of Nigeria, Prince Adeso for further developments.
There’s blood in the water. Nigerian lawmakers are flexing their might with a confidence rarely seen in decades past— at least as far as taking large corporates to task for flouting regulations. According to some media reports a member of the Nigerian Senate has put forward a motion for the house to investigate MTN Nigeria’s potential collusion with leading commercial banks to facilitate the illegal repatriation of funds over the last ten years. MTN is being accused of sneaking just under $14 billion out of the Nigerian market, and despite MTN’s official declarations of innocence, lawmakers have vowed to investigate the matter thoroughly. And so MTN’s season of reckoning continues. Also in this week’s African Tech Round-up, net neutrality activists around the world are celebrating the USA handing over internet control to the Internet Corporation for Assigned Names and Numbers (ICANN) over the weekend. This happened in the wake of a US federal judge denying a last ditch request made by Republican Senator Ted Cruz and other politicians for an injunction to try and prevent the scheduled hand-over taking place over the weekend. Tune in for more on that story as well as more of the week’s leading headlines from across Africa and beyond. Music Credits: Music by Kevin MacLeod (incompetech.com) Music licensed under Creative Commons: By Attribution 3.0
MTN Group’s warning that their interim financial results for the period ending June 30th 2016 would be unpleasant did a lot to absorb the shock when reality struck last Friday— the day the report eventually dropped. Despite revenue for the interim period improving by ±US$5.7 billion, MTN reported an after tax loss attributable to equity holders of just over US$401 thousand. That translates to a headline loss per share of nearly US$0.20. Compare that with 2015’s headline earnings of just under US$0.48 per share, and it’s sobering to see how humbling this must be Africa’s largest mobile service provider. As expected, the mobile telco has put forward a long list of explanations for what went wrong. One of the more interesting items on that list is what they are calling “short-term losses” they’ve sustained thanks to their significant investments in Middle East Internet Holdings and of course, the recently rebranded Africa Internet Group— which now goes by Jumia. We would love to know what’s going through the mind of MTN Group’s President and CEO-in-waiting, Rob Shuter, who will no doubt have his work cut out for him when he takes up the reins from Phuthuma Nhleko come July 2017. Also in this week’s African Tech Round-up features a chat Andile Masuku shares had with the Cape Town-based Zimbabwean digital all-rounder, Babusi Nyoni. Babusi is the Digital Creative Group Head at South Africa’s #1 ranked through-the-line agency, M&C SAATCHI Abel. Andile caught up with Babusi to discuss an AI-enabled campaign he recently masterminded and executed for a global FMCG brand, and to chat about the rise of machine learning and artificial intelligence in general. Tune in to hear him factor in on what the world might look and feel like when those technologies become common-place Music Credits: Music by Kevin MacLeod (incompetech.com) Music licensed under Creative Commons: By Attribution 3.0
MTN’s West African headache is now officially a chronic migraine. Just as the MTN Group thought the worst was over, lawmakers in Nigeria’s House of Representatives decided to shake things up. Some members have declared any concession (promised or granted by the Nigerian Communications Commission) in terms of the $5.2 billion fine that MTN Nigeria was charged some months ago, “unlawful”. Others have gone as far as saying that if Nigerian law is correctly applied, the fine ought to be doubled. We’ll definitely be keeping a close eye on this situation for you, so keep it locked. In place of this week’s discussion on the African Tech Round-up, we’ve published a clip from my recent chat with two well-regarded poster boys from South Africa’s tech startup scene: Lungisa Matshoba, of Cape Town-based fintech startup, Yoco, and Shafin Anwarsha, of the Johannesburg-based mobile recruitment startup, Giraffe. Listen in to hear Lungisa and Shafin share key growth metrics for their respective businesses, and explain why African startups are so secretive with their numbers. Music Credits: Music by Kevin MacLeod (incompetech.com) Music licensed under Creative Commons: By Attribution 3.0
Markets analyst Clive Ramathibela looks at Stock Slump Extended in Europe, Asia as Iran Stokes Oil Decline, China GDP Slows to Weakest Since 2009 on Manufacturing Slide, shares in MTN Group rose on Monday on news that sanctions against Iran have been lifted and shares in South Africa's Mr Price plunge after weak Christmas sales.
It’s been a truly awful week for the MTN Group— what with a $5.2 billion fine imposed on MTN Nigeria (the group’s largest and most profitable subsidiary) by the Nigerian Communications Commission (NCC) for failing to disconnect unregistered SIM cards timeously, the news of which led to considerable market panic and a subsequent 16% drop in MTN’s share price. This week, MTN also started fielding allegations of engaging in highly sophisticated tax evasion practices such as using transfer pricing to ship profits off to distant tax havens via their off-shore ‘businesses’, namely MTN Dubai and MTN International in Mauritius. Meanwhile, the Johannesburg Stock Exchange has confirmed that they will be investigating MTN for possible insider trading that may have occurred around the whole handling of information regarding the NCC debacle. And so far, the MTN Group’s CEO’s efforts to engage with the Nigerian authorities concerning the unprecedented fine have yet to yield any form of relief. Given all this, it’s unsurprising that MTN would feature in this week’s discussion on the African Tech Round-up. However, Tefo Mohapi and Andile Masuku couldn’t agree on an angle to frame their chat this week. Tefo wanted us to unpack the regulatory challenges large telcos in Africa are facing in trying to innovate and grow their businesses across continent, while Andile was keen to debate the question of whether or not mobile operators like MTN might be obsolete in a few decades if they don’t refresh their legacy business models. So, they decided to let you in on their dignified little skirmish and let you decide whose topic suggestion wins the day. Also in this week’s show, all the biggest digital, tech and innovation news from across the continent— including a progress update on Nigeria’s efforts to meet its 2017 analogue to digital migration deadline, and details on how much Kenya has lost to cybercrime in the last year. Additional Music Credits: Music by Kevin MacLeod (incompetech.com) Music licensed under Creative Commons: By Attribution 3.0
Mteto Nyati is no stranger to playing ball at the highest level in Africa’s corporate scene. His resume is pretty impressive. Studying at Yale, executive posts and directorships at companies like IBM, Enablis and Blue Label-- to name some, and even being MD of Microsoft South Africa for several years makes him anything but your average corporate animal. In his current role as CEO (Chief Enterprise Officer) for the MTN Group, Mteto continues to live up to his totem-- Nyati, which is Xhosa for “buffalo”, by bullishly challenging the status quo and lending his unique brand of "change-making" to a mobile telecoms business that is ripe for disruption. In this laid-back chat, Mteto unpacks his plans to change "how MTN makes money" and shares how "planning accordingly" makes it possible to overcome the on-going marginalisation of women and non-whites within corporate. Enjoy the conversation. Music Credits: All music by Brian Lupiya. Used with permission.