Media Links

Africa Global Funds March 20, 2021

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 alone fund such a large infrastructure plan?”

MTN shares recover to pre-Covid levels March 14, 2021

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 dividend for 2020, further warning shareholders not to expect an interim dividend in the current year as it battles to reduce debt amid uncertainty from Covid-19…”

MTN suspends payment of dividend March 11, 2021

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 unlock value as well as further strengthen their balance sheets.”

Where to go when the markets are all over the place March 11, 2021

11 March 2021

“Where to go when the markets are all over the place….”

Why Neal Froneman wants a mining mega merger March 9, 2021

09 March 2021

“Sibanye-Stillwater CEO Neal Froneman has suggested that Sibanye, Gold Fields and AngloGold Ashanti, the country’s top gold miners merge.”

ICASA not keen on spectrum mediation, prepares to fight March 9, 2021

09 March 2021

“The most important thing is not to rush the spectrum allocation at all cost but to do the right thing for the country for the long-term and be fair to all stakeholders. If there are genuine concerns that are also in the public interest, with the proposed spectrum allocation, then a few months delay to resolve those matters is reasonable,” says Peter Takaendesa, head of equities at Mergence Investment Managers.”

Just changing Regulation 28 isn’t enough March 2, 2021

02 March 2021

“Attracting more investment into infrastructure requires asset managers to come up with accessible products.”

PENSIONS: Towards a merging of funds February 25, 2021

25 February 2021

“No national pension fund or investment changes yet, but provident funds will be treated like pension funds..”

Top global mining analyst Peter Major on ‘ferocious’ commodities bull run: gold, uranium, iron ore, coal, platinum February 23, 2021

23 February 2021

“Should you invest in mining companies? What will change the bull run? AngloGold Ashanti has never been this cheap, notes Peter Major, director of mining, at Mergence Corporate Solutions. Stock-picking is called for, he says. Don’t buy the index. He sets out how one piece of legislation could change shortage of supply…”

Why Huge Group’s ‘perfect storm’ offer on Adapt IT may not fly February 22, 2021

22 February 2021

“Why Huge Group’s ‘perfect storm’ offer on Adapt IT may not fly…”

Bob van Dijk rates ‘well-oiled Takealot’ to leave no space for Amazon February 22, 2021

22 February 2021

“The head of technology investor Naspers is confident its SA e-commerce unit has cornered the local market enough to fend off possible competition from the world’s largest online retailer, Amazon..”

BAT shares fall almost 7% on weak 2021 guidance February 18, 2021

18 February 2021

“Peter Takaendesa, the head of equities at Mergence Investment Managers, said the results were largely in line with market expectations and the company’s 2021 guidance was a bit softer than expected due to expected headwinds from a stronger British pound, its reporting currency, and ongoing Covid-19 impact.”

[TOP STORY] Orion Minerals secures option on new copper project outside Springbok February 4, 2021

04 February 2021

““Whenever I check with Peter Major, he’ll always tell me that there are thousands of mines dotted around South Africa which are not mined out, but are closed up and not working. This is what this new project you’re looking for at Springbok is. In a sense, this is an easier process. You know there’s copper there. You’ll go and do some geological work to get the details and the like, but there was mining happening and those all bodies in many cases are giants and that makes it easier for you. This is not just starting from scratch. You’ve kind of got a roadmap. And, in fact, you’re saying you’ve got the geological reports from when the mine was actually mining back in the 1980s and the 1990s.”

Orion paving way for another exciting ‘green’ base metals hub in Northern Cape February 2, 2021

02 February 2021

““There’ll be a lot of news flow in the next couple of weeks. We’ll probably put the scoping study out this quarter still possibly and we think that we can see a lot more than can go into Jorc-compliance very quickly. That’s certainly the expectation. Anyone who hasn’t been hiding under a rock forever will know that Peter Major has been walking around telling everybody there’s 29-million tons of resources that were in Gold Fields resources statements that were not mined by Metorex,” said Smart.”

Grand puppeteer Peter Lawwell steps off the big stage January 30, 2021

30 January 2021

“I probably wouldn’t still be here if it wasn’t for Peter.” Major shareholder Dermot Desmond said he “did my utmost” to make him change his mind.”

Adapt IT shares show big gain on Huge Group’s acquisition offer January 29, 2021

29 January 2021

“Peter Takaendesa, the head of equities at Mergence Investment Managers, said Huge’s offer to Adapt IT shareholders was opportunistic and probably not enough to get all Adapt IT shareholders to accept the deal.”

The investing year that was – and the road ahead January 29, 2021

29 January 2021

““This time last year, investors began 2020 in a generally positive frame of mind and outlook. Despite all the market expectations and forecasts for 2020, most pundits – if not all – could hardly have imagined the unprecedented, extent and dramatic nature of the socio-economic and market environment that would ensue and prevail globally.”

Is this the next commodity super-cycle? January 13, 2021

13 January 2021

“Michael Avery speaks to René Hochreiter, mining analyst at Noah Capital Markets; Peter Major, mining analyst at Mergence Corporate Solutions; and Andries Rossouw, PwC’s Africa energy, utilities and resources leader, about whether we are entering the next commodity super-cycle and what this signals for the local mining industry and broader economy?.”

Industry excitement as Icasa charges on with spectrum auction January 13, 2021

13 January 2021

“Mergence Investment Managers’ head of equity Peter Takaendesa yesterday said that the telecoms sector was one of the few net winners of the Covid-19 pandemic related shift in human behaviour as more people worked from home. Takaendesa said revenue continued to grow in 2020, despite an economy in deep recession and data price cuts of up to 40 percent on some packages following the Competition Commission’s agreements with the leading mobile operators.”

MTN shares fall 10% as Nigeria suspends sale of SIM cards December 11, 2020

11 December 2020

“Shares in MTN fell 10% on Friday as Nigeria’s telecoms regulator — which is conducting an audit of mobile users — ordered network operators to suspend the sale and activation of new SIM cards, a move that has investors worried about the company’s prospects in its biggest market.”