Monthly Archives for March 2021

Africa Global Funds

20 March 2021 In this month’s issue, we also hear from Chito Siame, Investment Principal, Mergence Investment Managers, who shares his views on the South African infrastructure space. The government of South Africa has identified that R1.5trn is needed to fund infrastructure projects in the country. Given the country’s current debt burden, can the government […]

MTN shares recover to pre-Covid levels

14 March 2021 After a rocky 12 months, shares in MTN, which recently chose to pay down its debt instead of giving out dividends, are trading at levels last seen before SA went into lockdown in March last year. On Wednesday, Africa’s largest mobile operator said it had opted to hold on to its final […]

MTN suspends payment of dividend

11 March 2021 Cape Town-based Mergence Investment Managers Peter Takaendesa said MTN joined Telkom, leaving only Vodacom as the only listed major telecoms company that still paid dividends. “We are confident that both MTN and Telkom will resume paying dividends over the next 12 to18 months, as the planned asset disposals for both should help […]