ZAR

IHS Holding Limited Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 12, 2024
Technology, Telecommunications, IHS, Loan, Approximation, Standard Chartered, SSA, IHS Towers, GTS, Movement, MTN, Nigerian naira, MENA, ZAR, CIV, FX, USD, NGN

Revenue for our Nigeria segment decreased by $34.6 million, or 9.7%, to $320.7 million for the fourth quarter of 2023, compared to $355.3 million for the fourth quarter of 2022.

Key Points: 
  • Revenue for our Nigeria segment decreased by $34.6 million, or 9.7%, to $320.7 million for the fourth quarter of 2023, compared to $355.3 million for the fourth quarter of 2022.
  • Revenue for our Latam segment increased by $10.4 million, or 23.8%, to $54.3 million for the fourth quarter of 2023, compared to $43.9 million for the fourth quarter of 2022.
  • During the fourth quarter of 2023, capital expenditure (“Total Capex”) was $130.6 million, compared to $195.6 million for the fourth quarter of 2022.
  • The loan is guaranteed by IHS Netherlands Holdco B.V., IHS Netherlands NG1 B.V., IHS Towers NG Limited, IHS Netherlands NG2 B.V., Nigeria Tower Interco B.V., INT Towers Limited and IHS Nigeria.

Copenhagen Infrastructure Partners awarded preferred bidder status for three battery energy storage projects in South Africa

Retrieved on: 
Thursday, January 4, 2024
Mineral Resources Limited, Electricity, EDF, ZAR, CIP, Renewable energy

A total of five projects were awarded under South Africa’s first Battery Energy Storage Procurement Programme by the Department of Mineral Resources and Energy.

Key Points: 
  • A total of five projects were awarded under South Africa’s first Battery Energy Storage Procurement Programme by the Department of Mineral Resources and Energy.
  • The consortium holds global experience with battery energy storage systems and local market expertise, ensuring that the three facilities, Oasis Aggeneis, Oasis Mookodi and Oasis Nieuwehoop, will deliver cost-effective and efficient storage capacity to South Africa’s electricity grid.
  • When completed, the three projects will dispatch electricity under 15-year power purchase agreements to South Africa.
  • We commend the South African government’s strong commitment to the rapid buildout of battery energy storage, a key focus technology for Mulilo.

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”).

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.

KnowBe4 Offers Women of Colour in Cybersecurity Scholarship for South Africa

Retrieved on: 
Friday, June 9, 2023
Workforce, Book, Student, Woman, ZAR, Education, Electronics, Arms industry

CAPE TOWN, South Africa, June 9, 2023 /PRNewswire-PRWeb/ -- KnowBe4, the provider of the world's largest security awareness training and simulated phishing platform, today announced it has partnered with the Center for Cyber Safety and Education for the KnowBe4 Women of Colour in Cybersecurity (South Africa) Scholarship.

Key Points: 
  • CAPE TOWN, South Africa, June 9, 2023 /PRNewswire-PRWeb/ -- KnowBe4, the provider of the world's largest security awareness training and simulated phishing platform, today announced it has partnered with the Center for Cyber Safety and Education for the KnowBe4 Women of Colour in Cybersecurity (South Africa) Scholarship.
  • "KnowBe4 is proud to offer our KnowBe4 Women of Colour in Cybersecurity Scholarship for the second consecutive year," said Kelly Barrena, VP of global talent brand and outreach, KnowBe4.
  • "This scholarship provides an opportunity to diversify the cybersecurity workforce in South Africa among women and will help support the academic needs and goals of a deserving student.
  • For more information on and to apply for the KnowBe4 Women of Colour in Cybersecurity (South Africa) Scholarship administered by the Center for Cyber Safety and Education, visit https://www.iamcybersafe.org/s/knowbe4-women-of-colour-south-africa .

Lesaka Announces the Repurchase of Common Shares

Retrieved on: 
Thursday, May 18, 2023
Technology, Insurance, Payments, Finance, Fintech, Banking, Electronic Commerce, Professional Services, Software, Digital Cash Management, Digital Assets, Share repurchase, LSK, Growth, JSE, Smiths News, Acquisition, Lesaka Technologies, Rural Connectivity Group, ZAR, Management

Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced that it has repurchased approximately 250,000 of the Company’s common shares in May 2023, at a price of $3.26 per share (ZAR 62.08 per share using the relevant USD: ZAR exchange rate).

Key Points: 
  • Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced that it has repurchased approximately 250,000 of the Company’s common shares in May 2023, at a price of $3.26 per share (ZAR 62.08 per share using the relevant USD: ZAR exchange rate).
  • Our focus is to increase shareholder value by strategically allocating capital to grow our business while maintaining an appropriate capital structure.
  • We believe this repurchase reflects the confidence of Lesaka’s Board and management team regarding our outlook.
  • Lesaka is well positioned to benefit from the exponential secular demand for innovative fintech solutions that are transforming South Africa’s highly cash-driven informal economy.

Lesaka Announces the Repurchase of Common Shares

Retrieved on: 
Thursday, May 18, 2023
Lesaka Technologies, JSE, ZAR, Share repurchase, LSK, Acquisition, Rural Connectivity Group, Growth, Smiths News, Management

JOHANNESBURG, South Africa, May 18, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced that it has repurchased approximately 250,000 of the Company’s common shares in May 2023, at a price of $3.26 per share (ZAR 62.08 per share using the relevant USD: ZAR exchange rate).

Key Points: 
  • JOHANNESBURG, South Africa, May 18, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced that it has repurchased approximately 250,000 of the Company’s common shares in May 2023, at a price of $3.26 per share (ZAR 62.08 per share using the relevant USD: ZAR exchange rate).
  • Our focus is to increase shareholder value by strategically allocating capital to grow our business while maintaining an appropriate capital structure.
  • We believe this repurchase reflects the confidence of Lesaka’s Board and management team regarding our outlook.
  • Lesaka is well positioned to benefit from the exponential secular demand for innovative fintech solutions that are transforming South Africa’s highly cash-driven informal economy.

Cartrack’s strong customer acquisition and margin expansion drives Karooooo’s EPS up 27%

Retrieved on: 
Monday, May 8, 2023
Professional Services, Data Analytics, Cloud, Agriculture, COVID-19, Growth, Acquisition, ZAR, FY, Mining, Pharmaceutical industry, Bank

These strong results extend the group’s track record of growth at scale, profitability and cash generation.

Key Points: 
  • These strong results extend the group’s track record of growth at scale, profitability and cash generation.
  • “Despite Covid reshuffling the world and creating various new macro-economic headwinds, we were still able to maintain our decade-plus track record of strong growth.
  • Cartrack achieved strong subscription revenue growth, robust margin expansion, record earnings and healthy free cash flow.
  • Strong customer acquisition and disciplined capital allocation benefitted earnings per share, up 51% to ZAR4.70 for Q4 2023 (Q4 2022: ZAR3.11) and up 27% to ZAR19.29 for FY 2023 (FY 2022: ZAR15.24).

The Future of Online Gambling

Retrieved on: 
Tuesday, April 11, 2023
Online, Leisure, Crime, Tax, ZAR, Government, VR, Playtech, Gambling, Sport, Growth, News, AR, Legislation, African

The main reason that the online gambling industry in South Africa is booming is due to South Africans' love for sports betting and increased economic prosperity.

Key Points: 
  • The main reason that the online gambling industry in South Africa is booming is due to South Africans' love for sports betting and increased economic prosperity.
  • Alongside this, Kenya and Ghana are emerging as potential leading countries in the African online gambling scene, with Kenya's online gambling industry valued at around $40 mn.
  • With new gambling laws for South Africa on the table, the country could become a major player in the African online gambling market.
  • The future of online gambling in South Africa looks promising.