South African rand

IHS Holding Limited Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 14, 2023
Technology, Telecommunications, EBITDA, Eco Tycoon: Project Green, MTN, CDI, IHS, Movement, South African rand, Approximation, RCF, Nigerian naira, GTS, Growth, SSA, MENA, BRL, Satellite navigation device, Film industry, Real estate, Video game, Security (finance), Pension fund, Churn, LATAM, Colocation, ZAR

Revenue for our SSA segment increased by $18.7 million, or 16.3%, to $133.5 million for the third quarter of 2023, compared to $114.8 million for the third quarter of 2022.

Key Points: 
  • Revenue for our SSA segment increased by $18.7 million, or 16.3%, to $133.5 million for the third quarter of 2023, compared to $114.8 million for the third quarter of 2022.
  • During the third quarter of 2023, capital expenditure (“Total Capex”) was $105.4 million, compared to $174.1 million for the third quarter of 2022.
  • In July 2023, the available commitments were increased to $300.0 million pursuant to the facility increase clause contained within the IHS Holding RCF.
  • IHS SA entered into a ZAR 350.0 million (approximately $18.5 million) overdraft facility agreement in October 2023 (the “IHS SA Overdraft”).

VALR Appoints Ben Caselin as CMO to Spearhead Global Expansion

Retrieved on: 
Thursday, December 14, 2023
Bitcoin, API, Entrepreneurship, South African rand, USDT, Fidelity Investments, CMO, AAX, Pantera Capital, Investment, Cryptocurrency, VARA, Hong Kong

South Africa | November 28, 2023 10:00 AM Eastern Standard Time

Key Points: 
  • South Africa | November 28, 2023 10:00 AM Eastern Standard Time
    Following its success in becoming Africa’s largest crypto exchange by trade volume, VALR has appointed Ben Caselin as its Chief Marketing Officer (CMO) as part of the exchange's strategic plans for global expansion.
  • "VALR is thrilled to welcome Ben Caselin as our CMO," said Farzam Ehsani, Co-Founder and CEO of VALR.
  • Ben Caselin brings a wealth of experience to his role at VALR, previously holding executive positions with prominent exchanges, most notably in Hong Kong, with AAX, and the United Arab Emirates.
  • "VALR stands out as a values-driven company with an unwavering commitment to integrity, quality and security, unlike anything I've seen before," said Ben Caselin.

MiX Telematics Reports Second Quarter Fiscal Year 2024 U.S. GAAP Financial Results

Retrieved on: 
Wednesday, November 8, 2023
Vehicle Technology, Automotive, Technology, Software, Fleet Management, Hardware, Adjustment, International use of the U.S. dollar, NYSE, Three Months, South African rand, Public expenditure, EBITDA, Field service management, Acquisition, Investment, Mnet Asian Music Award for Best Mixed Group, ADS, FSM, Earnings per share, JSE, Depreciation, African, Software as a service, Renewable energy, Video game, Cryptocurrency, Security (finance), PowerFleet

MiX Telematics Limited (“MiX Telematics” or the “Company”) (NYSE: MIXT, JSE: MIX), a leading global Software-as-a-Service (“SaaS”) provider of connected fleet management solutions, today announced financial results, in accordance with accounting principles generally accepted in the United States (“GAAP”), for the second quarter of fiscal year 2024, which ended September 30, 2023.

Key Points: 
  • MiX Telematics Limited (“MiX Telematics” or the “Company”) (NYSE: MIXT, JSE: MIX), a leading global Software-as-a-Service (“SaaS”) provider of connected fleet management solutions, today announced financial results, in accordance with accounting principles generally accepted in the United States (“GAAP”), for the second quarter of fiscal year 2024, which ended September 30, 2023.
  • The Field Service Management (“FSM”) business acquired on September 2, 2022 contributed $1.9 million to the subscription revenue for the second quarter of fiscal year 2024, compared to $0.9 million for the second quarter of fiscal year 2023.
  • Dollar exchange rate averaged R18.65 in the second quarter of fiscal year 2024 compared to an average of R17.01 during the second quarter of fiscal year 2023.
  • Adjusted EBITDA margin, a non-GAAP measure, for the second quarter of fiscal year 2024 increased 550 basis points to 22.5%, compared to 17.0% for the second quarter of fiscal year 2023.

Lesaka Continues Strong Growth Trajectory and Achieves Upper End of Revenue Guidance

Retrieved on: 
Tuesday, November 7, 2023
Professional Services, Payments, Technology, Finance, Fintech, Banking, No net loss wetlands policy, Lesaka Technologies, South African rand, Consumer, EBITDA, GAAP, Bank statement, Net, Growth, LSK, JSE, Merchant, Airline, Pharmaceutical industry, Cryptocurrency, Bank

Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released its results for the first quarter (“Q1 2024”) ended September 30, 2023.

Key Points: 
  • Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released its results for the first quarter (“Q1 2024”) ended September 30, 2023.
  • In South African Rand (“ZAR”) revenue grew 19%, driven by strong year-on-year growth in both the Merchant and Consumer Divisions.
  • The Net Loss continued to narrow, at $5.7 million (ZAR 105.6 million)1.
  • This compares to a net loss of $10.7 million (ZAR 183.2 million)1 in Q1 2023 and represents a 42% improvement in ZAR.

SBA Communications Corporation Reports Third Quarter 2023 Results; Updates Full Year 2023 Outlook; and Declares Quarterly Cash Dividend

Retrieved on: 
Thursday, November 2, 2023
Telecommunications, Construction & Property, Networks, Hardware, Technology, REIT, Mobile, Wireless, Other Technology, Line of credit, Security (finance), International, Tax, South African rand, Interest expense, EBITDA, Debt, Net income, Outlook, Credit Accumulation and Transfer Scheme, Investment, SBA, Video game, Pharmaceutical industry, Bank

Site leasing operating profit in the third quarter of 2023 was $519.2 million, an increase of 9.2% over the prior year period.

Key Points: 
  • Site leasing operating profit in the third quarter of 2023 was $519.2 million, an increase of 9.2% over the prior year period.
  • Tower Cash Flow Margin was 81.2% in the third quarter of 2023, as compared to 80.6% for the prior year period.
  • During the third quarter of 2023, SBA acquired 45 communication sites for total cash consideration of $40.8 million.
  • In the third quarter of 2023, the Company declared and paid a cash dividend of $92.1 million.

American Tower Corporation Reports Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, October 26, 2023
Technology, Telecommunications, Commercial Building & Real Estate, Construction & Property, 5G, REIT, Francs, Bangladeshi taka, Asset-backed security, Dollar, Guarani language, South African rand, Argentine peso, Nigerian naira, AMT, Marshal of France, African, Rupee, Bookkeeping, Bank

On September 15, 2023, the Company issued an aggregate of $1.5 billion in senior unsecured notes.

Key Points: 
  • On September 15, 2023, the Company issued an aggregate of $1.5 billion in senior unsecured notes.
  • The net proceeds of the offering were used to repay existing indebtedness under its $6.0 billion senior unsecured multicurrency revolving credit facility.
  • The following full year 2023 estimates are based on a number of assumptions that management believes to be reasonable and reflect the Company’s expectations as of October 26, 2023.
  • 2023 Outlook ($ in millions, except per share amounts.)

Textainer to be Acquired by Stonepeak for $7.4 Billion

Retrieved on: 
Monday, October 23, 2023
TGH, NYSE, South African rand, Myers, Disclosure, Acquisition, Senior, Growth, LLP, Deutsche Bank, JSE, Simpson Thacher & Bartlett, JSE Limited, BofA Securities, Security (finance), Cryptocurrency, Financial adviser, Textainer Group Holdings

Upon completion of the transaction and the redemption of Textainer’s Series A and B cumulative redeemable perpetual preference shares, Textainer will become a privately held company.

Key Points: 
  • Upon completion of the transaction and the redemption of Textainer’s Series A and B cumulative redeemable perpetual preference shares, Textainer will become a privately held company.
  • Under the terms of the definitive agreement, which was unanimously approved by the Textainer Board of Directors, Textainer common shareholders will receive $50.00 per share in cash, with the total value of the common shares equaling approximately $2.1 billion.
  • “By partnering with Stonepeak, we will gain access to investment capital and industry expertise, positioning us for continued growth in the years to come.
  • Prior to closing, Textainer intends to maintain its current quarterly dividend on both the Textainer common and preference shares.

EQS-News: Bybit Expands Crypto Trading in South Africa with New Derivatives Products and Fiat On-Ramp Service

Retrieved on: 
Monday, October 2, 2023
International Commission of Jurists, EFT, South African rand, ZAR, Marketing, FSP, Security (finance), Cryptocurrency, Bybit

DUBAI, United Arab Emirates, October 2 2023 — Bybit , the world's third most visited crypto exchange, has announced the official launch of its cryptocurrency derivatives products in South Africa, along with the introduction of a new fiat on-ramp service.

Key Points: 
  • DUBAI, United Arab Emirates, October 2 2023 — Bybit , the world's third most visited crypto exchange, has announced the official launch of its cryptocurrency derivatives products in South Africa, along with the introduction of a new fiat on-ramp service.
  • Bybit will market this offering in South Africa as the juristic representative of Money Doc (Proprietary) Limited, an authorised financial services provider (FSP no.
  • In addition to the compliant marketing of its offshore derivatives trading products, Bybit is introducing a new fiat on-ramp service for the South African Rand (ZAR).
  • “Bybit Fintech FZE markets derivative products in South Africa on behalf of Money Doc (Proprietary) Limited, an authorised financial services provider (FSP no.

IHS Holding Limited Reports Second Quarter 2023 Financial Results

Retrieved on: 
Tuesday, August 15, 2023
Software, Technology, Data Management, Telecommunications, Maintenance, STL, IHS Towers, Nigerian naira, MTN, Electricity, ZAR, Movement, Sale, Eco Tycoon: Project Green, South African rand, NGN, IHS, FX, Approximation, RCF, Growth, MENA, SSA, Satellite navigation device, Film industry, Video game, Pharmaceutical industry, Security (finance), Beauty salon, Colocation, LATAM, Churn

Revenue for our Nigeria segment increased by $43.5 million, or 13.5%, to $364.6 million for the second quarter of 2023, compared to $321.1 million for the second quarter of 2022.

Key Points: 
  • Revenue for our Nigeria segment increased by $43.5 million, or 13.5%, to $364.6 million for the second quarter of 2023, compared to $321.1 million for the second quarter of 2022.
  • Revenue for our SSA segment increased by $28.5 million, or 30.0%, to $123.4 million for the second quarter of 2023, compared to $94.9 million for the second quarter of 2022.
  • Revenue for our Latam segment increased by $5.6 million, or 13.0%, to $48.3 million for the second quarter of 2023, compared to $42.8 million for the second quarter of 2022.
  • During the second quarter of 2023, capital expenditure (“Total Capex”) was $207.0 million compared to $146.8 million for the second quarter of 2022.

MiX Telematics Reports First Quarter Fiscal Year 2024 U.S. GAAP Financial Results

Retrieved on: 
Wednesday, August 2, 2023
Vehicle Technology, Automotive, Technology, Software, Fleet Management, Hardware, FSM, Investment, ADS, Field service management, Earnings per share, African, JSE, Public expenditure, EBITDA, International use of the U.S. dollar, Acquisition, South African rand, ARR, Adjustment, Three Months, NYSE, Cryptocurrency, Video game, Security (finance)

MiX Telematics Limited (“MiX Telematics” or the “Company”) (NYSE: MIXT) (JSE: MIX), a leading global Software-as-a-Service (“SaaS”) provider of connected fleet management solutions, today announced financial results, in accordance with accounting principles generally accepted in the United States (“GAAP”), for the first quarter of fiscal year 2024, which ended June 30, 2023.

Key Points: 
  • MiX Telematics Limited (“MiX Telematics” or the “Company”) (NYSE: MIXT) (JSE: MIX), a leading global Software-as-a-Service (“SaaS”) provider of connected fleet management solutions, today announced financial results, in accordance with accounting principles generally accepted in the United States (“GAAP”), for the first quarter of fiscal year 2024, which ended June 30, 2023.
  • During the first quarter of fiscal year 2024, the Company’s subscriber base increased by a net 40,500 subscribers, mainly due to the Africa segment.
  • Dollar exchange rate averaged R18.65 in the first quarter of fiscal year 2024 compared to an average of R15.55 during the first quarter of fiscal year 2023.
  • The subscription revenue margin during the first quarter of fiscal year 2024 was 68.3%, compared to 67.5% for the first quarter of fiscal year 2023.