Media Links

Naspers vows to press ahead with share swap, saying minority shareholder concerns are being addressed June 14, 2021

14 June 2021

“Peter Takaendesa, head of equities at Mergence Investment Managers adds that while some of their concerns have been addressed, there are some corporate governance aspects of the proposed transaction that remain unresolved. We still do not have visibility on how some of the governance matters will be addressed. We will continue to engage on those matters and we hope the Prosus EGM coming up in July will provide another platform for all stakeholders to engage further.”

Prosus aims to become a big player in global e-learning market June 13, 2021

13 June 2021

“Technology investor Prosus is hoping to become one of the largest global players in online education, demand for which has been driven by the Covid-19 pandemic, underlining its intent with a recent R24bn acquisition — its largest to date since inception almost two years ago.”

Mergence Multi-Asset View – Fixed Income June 11, 2021

11 June 2021

“Mergence Multi-Asset View – Fixed Income”

Datatec buys out German 5G specialist operator Siticom June 4, 2021

04 June 2021

“As 5G, the fifth generation of mobile technology, has begun to take off worldwide, technology firms are increasingly looking to have their own infrastructure in place to help client systems and data centres communicate as quickly as possible, driven by the growth in cloud computing….”

Telkom share price rises after big profits lead to upgraded targets May 25, 2021

25 May 2021

“Commenting on the results, Mergence Investment Managers head of equities Peter Takaendesa said Telkom’s financial results for the year to the end of March had been in line with market expectations. Takaendesa said Telkom’s management team had continued to execute very well on the mobile business and had further gained market share to solidly overtake Cell C by revenue..”

Annual results: Telkom benefits from mobile growth as fixed-line users hang up May 24, 2021

24 May 2021

“While mobile service revenue growth decelerated to 24% in the second half of Telkom’s financial year, Peter Takaendesa, portfolio manager and head of equities at Mergence Investment Managers, said the company was currently the fastest growing of the major operators, at the expense of smaller rival Cell C. The slowdown in second-half growth came after Vodacom and MTN cut data prices last year.”

Are we in a commodities supercycle? – Peter Major explains May 18, 2021

18 May 2021

“Veteran mining expert and fund manager Peter Major joined the BizNews Power Hour, to discuss whether we are indeed in a commodities supercycle. Major reckons that we are indeed, noting “I don’t know what else you would call this. When we have prices that have exceeded any kind of price we’ve seen in a lot of these commodities and we’ve been up many more years – probably 15 years we’ve been up out of 21 years – I think we are in a supercycle.” – Jarryd Neves.”

NAMIBIA: Mergence becomes majority shareholder in Ejuva power plants May 14, 2021

14 May 2021

“Mergence Unlisted Investment Managers Namibia, the subsidiary of fund manager Mergence Investment Managers, has become a majority shareholder in the Ejuva solar power plants in Namibia. The shares were acquired from the project developer CIGenCo, a subsidiary of Consolidated Infrastructure Group. The two adjacent solar power plants have a capacity of 10 MWp.”

Mergence Multi Asset House View 2021 May 12, 2021

12 May 2021

“Mergence Multi Asset House View 2021”

Naspers, Prosus launch share swap deal to shrink S.Africa discount May 12, 2021

12 May 2021

“Peter Takaendesa, head of equities at Mergence Investment Managers, said while the move is a “decent solution” it might not be enough to close the valuation gap, and suggested selling the Tencent stake down would be more direct. Shares in Prosus rose 1.8% to 86.30 euros in Amsterdam while Naspers shares rose 2.6% to 325.67 rand in Johannesburg by 0803GMT.”

Adapt IT shares tumble as CEO’s reputation is questioned May 11, 2021

11 May 2021

“Peter Takaendesa, the head of equities at Mergence Investment Managers, said the further delay was unlikely to be the key reason for the share price decline, as such delays were not unusual for acquisition transactions of this nature.”

Localisation of Renewable Energy Industry continues – Mergence aquires majority ownership of two solar plants in Gobasis May 6, 2021

06 May 2021

“The Mergence group ethos is to create shared value and this is what we are achieving as it is ultimately the retirement fund members of the GIPF who benefit from the steady financial returns provided by infrastructure investment, as well as the positive “social returns” provided by a strengthened economic environment, whether it be renewable energy, job creation or skills development,” she said..”

Mergence Namibia acquires majority ownership in two Ejuva renewable energy projects in Gobabis (Africa Global funds) May 6, 2021

06 May 2021

“Mergence Unlisted Investment Managers (Namibia) has increased its shareholding in the two Ejuva renewable energy projects in Gobabis from 17% to a majority stake of 66% having acquired the 49% previously held by co-developer and initial part-financier, CIGenCo, a subsidiary of South Africa-listed Consolidated Infrastructure Group (CIG).”

Namibia: Localisation of Renewable Energy Industry Continues – Mergence Acquires Majority Ownership of Two Solar Plants in Gobabis (Namibia economist) May 6, 2021

06 May 2021

“Mergence is therefore delighted to continue joining forces with the projects , local partners and co-developers, OKA Capital (Pty) Ltd and BPI Energy Solutions (Pty) Ltd, who played a key role in successfully bringing the projects to commissioning three years ago,” said Nghinaunye.”

New owners for Gobabis solar planta, Mergence Namibia acquires majority ownership of Ejuva One and Two (Windhoek express) May 6, 2021

06 May 2021

“Mergence Unlisted Investment Managers Namibia has increased its shareholding in the two Ejuva renewable energy projects in Gobabis from 17% to a majority stake of 66%, having acquired the 49% previously held by co-developer and initial part-financier, CIGenCo, a subsidiary of South Africa-listed Consolidated Infrastructure Group Limited.”

Namibia: Localisation of Renewable Energy Industry Continues – Mergence Acquires Majority Ownership of Two Solar Plants in Gobabis (All Africa) May 6, 2021

06 May 2021

“Mergence Unlisted Investment Managers Namibia has increased its shareholding in the two Ejuva renewable energy projects in Gobabis from 17% to a majority stake of 66% having acquired the 49% previously held by co-developer and initial part-financier, CIGenCo, a subsidiary of South Africa-listed Consolidated Infrastructure Group Limited.”

MTN lists in Rwanda, while dividends remain stuck in Nigeria May 4, 2021

04 May 2021

“Most African governments have been asking companies in large industries to list their local operations as a measure to increase public participation in the ownership of those assets as well as grow their local capital markets (stock exchanges),” says Peter Takaendesa, head of equities at Mergence Investment Managers. Vodacom and other telecoms companies have had to do the same in countries such as Tanzania, he adds.”

Cell C records R5.5bn annual loss April 21, 2021

21 April 2021

“Peter Takaendesa, the head of equities at Mergence Investment Managers, said it had been a very difficult environment to implement a turnaround strategy given a tough economic environment, Covid-19 lockdowns and increasing competition as the big two mobile operators were forced to reduce data prices by the competition commission.”

Cell C: Slowly, steadily goes the turnaround April 20, 2021

20 April 2021

“It’s never fair to dismiss someone’s plans,” Takaendesa says. “But it was always going to be difficult to turn this business around. People go to Cell C for affordable data and packages, something that will become harder and harder to compete on. We will watch their transition into a techco with interest.”