Vodacom, Remgro Head Toward $743 Million Fiber-Deal Approval
The Competition Commission reached a deal with Vodacom and Maziv — a wholly owned unit of Remgro's Community Investment Ventures Holdings Ltd. — on revised conditions that substantially address the anti-trust concerns raised when when it initially opposed the transaction, the regulator said in an emailed statement on Tuesday.
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9 hours ago
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Santam gets in principle nod for Lloyd's syndicate
South African general insurer Santam has secured in principle approval from Lloyd's to set up a syndicate in London. The planned syndicate, which will carry the name Santam Syndicate 1918, signifies the year the insurer was established. The business operations are due to begin from 1 January 2026. Santam expects its gross written premium in the London market to be between £300m ($403.94m) and £400m for 2026. The initiative is pending final approval and "permission to underwrite" in the fourth quarter of 2025, while awaiting regulatory clearances in South Africa. Santam Group CEO Tavaziva Madzinga said: 'The establishment of our own London market insurance operation gives our business a solid foundation for continued international growth and diversification. It becomes an important lever in achieving our 2030 FutureFit strategic ambition. 'This is a transformational step for Santam in our 107-year history. We are very excited about our partnership with Lloyd's and the expansion opportunities into new territories and classes that the new syndicate will offer.' Santam's portfolio encompasses products including agricultural, car, engineering, guest house, liability, property, reinsurance and tourism. Lloyd's chief commercial officer and Americas CEO Dawn Miller stated: 'The African continent is undergoing significant development and represents a huge opportunity for our industry to facilitate economic progress, impact and resilience. 'We look forward to welcoming Santam as the leading property and casualty insurer in Africa as they utilise Lloyd's as a platform for international expansion by unlocking its global licences and excellent financial strength.' Lloyd's, a global insurance and reinsurance market, allows members to operate syndicates that underwrite insurance risks. Recently, credit insurer Atradius also secured in principle authorisation from Lloyd's to set up a new syndicate from 1 January 2026. "Santam gets in principle nod for Lloyd's syndicate " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News24
10 hours ago
- News24
This Cape Town ‘village' hub on reimagined land gives township entrepreneurs a chance
In the heart of Philippi Village is an entrepreneurial community hub redefining the idea of transformation. Philippi Village, an entrepreneurial and community hub in Philippi, Cape Town, offers low-income households the opportunity to become self-sufficient in the urban economy. Since its inception in 2016, the model for Philippi Village has evolved from a business support centre into a community-focused development project, adapting according to the circumstances of the community that it serves. Twelve hectares of open land and an abandoned cement structure might now be perceived as an oasis in the chaos, madness and challenges of the wider Philippi area. The project questions the role of space in the developing urban Cape Flats. Originally conceptualised to house small businesses, it acted as a 'landlord' to township-based entrepreneurs who could rent workspaces and receive guidance to launch or grow small businesses. The financial model was dependent on small businesses paying rent, which ultimately failed due to a lack of occupancy and disposable income. Although Philippi Village managed to invite external tenants such as the Desmond Tutu Foundation, it couldn't retain them due to incidents of violent crime in the area. 'People's ideas of safety are different,' says Bushra Razack, CEO of Philippi Village. 'They often have a perceived safety – where safety is armed security with a baton. How do you shift that mindset?' Klara Robertson/News24 Klara Robertson/News24 Klara Robertson/News24 The organisation decided to put up a wall to protect the investment. 'Walls mean different things to different people, but at that moment we needed perimeter safety,' Razack explains. Razack emphasises that the long-term plan of Philippi Village is to eradicate the need for the wall and use landscape design as an integrated form of security. Tearing down walls created solutions Every time Philippi Village tried to build a wall around its property, the residents of Siyangena, an informal settlement on the outskirts of the Philippi Village border, would tear it down. When the team engaged with the community to find the reason for this, the residents of Siyangena said that they broke the wall down because they had no access to toilets and used the land to relieve themselves. For Razack and her team, this was powerful information: they realised that even with the best possible intention, it was essential to understand what is important to the community. There are opportunities for the youth at Philippi Village. Klara Robertson/News24 Klara Robertson/News24 As an NGO focused on building entrepreneurial spaces in Philippi, the team was sceptical about becoming responsible for basic amenities but understood that the lack of toilets in Siyangena directly affected the village's perimeter. The Philippi team appealed to the Western Cape government to provide toilets for Siyangena, but the government claimed it didn't have jurisdiction because the land was privately owned. The solution was for the team to build the wall as a zigzag, providing space for the toilets and giving the provincial government permission to build them on their land, which occurred four years later. 'The realities of township life, though not how you want to portray Philippi, is an important part of how one has to design the space,' says Razack. 'In South Africa we have an apartheid-style approach: bring out the guns, land invasion unit. In that moment, if we don't have an alternative in place, it's the easiest, safest, most convenient way to react to it. But we are only as healthy and safe as what is happening around us.' A 'conscious contract' with the community over land The model of Philippi Village is rooted in a community-centred approach, recognising that the spatial legacy of apartheid continues to shape township design – spaces historically not built to inspire dignity, health or opportunity. When residents of Waterfront informal settlement, driven by unliveable flooding conditions, began erecting homes on the Philippi Village premises, the team responded with a collaborative, rather than confrontational, approach. The settlement, situated on city-owned land and lacking basic services like sanitation and electricity, becomes inundated with sewage during the rainy season. In response, the Philippi Village team formed what they refer to as a 'conscious contract' with the Waterfront community. They agreed to prioritise Waterfront residents on their job seekers database in exchange for cooperation in managing the land occupation challenge. This mutual agreement laid the foundation for a unique partnership. Klara Robertson/News24 Seeing a tangible benefit, the community identified 40 individuals who were not originally from Waterfront but had joined the occupation. Simphiwe Nikani, the general manager at Philippi Village, converted unused shipping containers – typically reserved for tenants – into emergency housing overnight. The community agreed to use these emergency units exclusively during the rainy season. Remarkably, they also committed to taking down their own structures and vacating the space once the agreement's terms were met. 'I've never seen another example in South Africa where there is a land occupation that is illegal, and people willingly take their structures down, fulfill their side of the lease agreement, and exit,' remarks Razack. 'It comes from that relationship-building, seeing what's important. At that moment, employment was more important than temporary housing.' A developing model of sustainable development Razack explains that the journey of the Philippi Village project is far from perfect and still has a way to go. But its community-rooted, flexible approach offers vital insights into how urban spaces in low-income areas can be developed with the people they serve, not just around them. Razack ascertains that the organisation is operating in a place of complexity. 'We are not setting up the village in a place where every day is a little bit easier,' she says. Philippi Village hopes to remove its walls entirely and rely on design – not deterrence – for security. Until then, it remains a living example of how land, relationships and trust can form the foundation for a new kind of city building.
Yahoo
13 hours ago
- Yahoo
Mr Price Group Limited's (JSE:MRP) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Mr Price Group (JSE:MRP) has had a rough three months with its share price down 14%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Particularly, we will be paying attention to Mr Price Group's ROE today. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. How Do You Calculate Return On Equity? Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Mr Price Group is: 26% = R3.8b ÷ R14b (Based on the trailing twelve months to March 2025). The 'return' is the profit over the last twelve months. That means that for every ZAR1 worth of shareholders' equity, the company generated ZAR0.26 in profit. See our latest analysis for Mr Price Group What Is The Relationship Between ROE And Earnings Growth? We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. Mr Price Group's Earnings Growth And 26% ROE At first glance, Mr Price Group seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 15%. Probably as a result of this, Mr Price Group was able to see a decent growth of 6.1% over the last five years. We then compared Mr Price Group's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 11% in the same 5-year period, which is a bit concerning. Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. Is Mr Price Group fairly valued compared to other companies? These 3 valuation measures might help you decide. Is Mr Price Group Making Efficient Use Of Its Profits? Mr Price Group has a significant three-year median payout ratio of 63%, meaning that it is left with only 37% to reinvest into its business. This implies that the company has been able to achieve decent earnings growth despite returning most of its profits to shareholders. Besides, Mr Price Group has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 66%. Therefore, the company's future ROE is also not expected to change by much with analysts predicting an ROE of 29%. Conclusion In total, it does look like Mr Price Group has some positive aspects to its business. Its earnings have grown respectably as we saw earlier, which was likely due to the company reinvesting its earnings at a pretty high rate of return. However, given the high ROE, we do think that the company is reinvesting a small portion of its profits. This could likely be preventing the company from growing to its full extent. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
