Anglo's Handling of De Beers Sale Irks Stakeholder Botswana
Anglo is selling De Beers as part of a restructuring plan outlined by Chief Executive Officer Duncan Wanblad after the company fended off a takeover approach from BHP Group Ltd. last year.
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Telkom South Africa Successfully Modernizes its Legacy Business Support Systems with Amdocs' Cloud-Native Customer Experience Suite
Transformation enables innovation, agility, and a next-gen customer experience for approximately 25 million subscribers JERSEY CITY, NJ / / August 6, 2025 / Amdocs (NASDAQ:DOX), a leading provider of software and services for communications and media companies, announced today the successful completion of a major business support systems (BSS) transformation with Telkom South Africa. The South African service provider upgraded its legacy BSS to Amdocs Customer Experience Suite (CES), Amdocs' cloud-native, modular platform, now supporting approximately 25 million mobile and wireline customers. The transformation delivers a future-ready digital foundation that is scalable, secure, and designed to accelerate innovation. With cloud-native architecture, open APIs, and 5G-ready capabilities, Telkom South Africa can now launch new services faster, simplify operations, and deliver a more seamless, personalized customer experience across digital and assisted channels. This marks a critical step in Telkom South Africa's long-term strategy to become a more agile, data-driven business aligned to the evolving needs of its customers. As part of the transformation, Telkom South Africa will benefit from unified digital commerce and care journeys built by Amdocs Studios, Amdocs' high-end digital services offering, including a complete microservices layer and user interface accelerators for faster time to market and deeper customer engagement. The modernized platform empowers the business to operate with enhanced flexibility, while paving the way for ongoing innovation and growth. "This program is not just a modernization - it's a foundation for Telkom South Africa's digital future," said Dr. Noxolo Dlamini-Kumalo, Chief Digital and Information Officer at Telkom South Africa. "Our collaboration with Amdocs has been central to its success. Together, we've created a platform that enables us to engage customers more deeply, move faster in the market, and position us at the forefront of digital innovation in Africa." "At Amdocs, we are proud to stand alongside Telkom South Africa as a strategic partner on this bold journey," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "This transformation is not only a significant milestone for Telkom South Africa, but a clear example of how cloud-native platforms and open architecture are enabling the communications industry to reimagine customer engagement, embrace 5G, and unlock new revenue opportunities." Supporting Resources Learn more about Amdocs Studios, here Read about Amdocs Customer Experience Suite, here Keep up with Amdocs news by visiting the company's website Follow us on X, Facebook, LinkedIn, and YouTube About Amdocs Amdocs helps those who build the future to make it amazing. With our market-leading portfolio of software products and services, we unlock our customers' innovative potential, empowering them to provide next-generation communication and media experiences for both the individual end user and enterprise customers. Our employees around the globe are here to accelerate service providers' migration to the cloud, enable them to differentiate in the 5G era, and digitalize and automate their operations. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $5.00 billion in fiscal 2024. For more information, visit Amdocs' Forward-Looking Statement This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, changes to trade policies including tariffs and trade restrictions, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company's customers. Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company's offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2024, filed on December 17, 2024, and our Form 6-K furnished for the first quarter of fiscal 2025 on February 18, 2025, and for the second quarter of fiscal 2025 on May 19, 2025. Media Contacts Mario HajiloiziAmdocs Public RelationsE-mail: Katie OwenBabel PR for AmdocsTel: +44 (0) 7490 131475Email: amdocs@ / SOURCE: Amdocs Management Limited View the original press release on ACCESS Newswire Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
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Nedbank Group Ltd (NDBKF) (H1 2025) Earnings Call Highlights: Navigating Growth Amidst Economic ...
Release Date: August 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Nedbank Group Ltd (NDBKF) reported a 7% increase in diluted headline earnings per share (HEPS), slightly ahead of their first-half guidance. The company's return on equity improved to 15.2%, supported by a 6% growth in headline earnings. Nedbank Group Ltd (NDBKF) completed its organizational restructure on time, which is expected to enhance client focus and drive revenue growth. The company gained market share in retail and commercial deposits, home loans, and vehicle finance. Digital transaction values increased significantly, with branch sales and digital transaction values rising by 11% and 16% year on year, respectively. Negative Points The operating environment was challenging, with South African GDP growth at only 0.1% in Q1 2025, impacting the banking sector. Nedbank Group Ltd (NDBKF) experienced a decline in unsecured lending market share and pressures on margins due to lower interest rates. The company's cost-to-income ratio increased to 57.4% due to slow revenue growth. Nedbank Group Ltd (NDBKF) faced challenges with its investment in ETI, leading to a reclassification as a non-current asset held for sale. The company's net interest margin declined by 26 basis points, primarily due to negative endowment impacts and asset mix changes. Q & A Highlights Warning! GuruFocus has detected 1 Warning Sign with NDBKF. Q: Can you provide more details on your target for a 17% ROE and what needs to happen in 2026 to achieve this? Also, could you elaborate on the elevated credit loss ratios in retail, MFC, and unsecured lending? A: The target for a 17% ROE is set for three years out. To achieve this, we need higher earnings growth in 2026 compared to 2025, better revenue momentum, more balance sheet growth, stabilization of loan loss rates, and improved efficiency in expenses. Regarding credit loss ratios, we are comfortable with the overall loan loss rate at 81 basis points, but there are opportunities for improvement in motor finance, personal loans, and cards, which we aim to address in the second half. Q: Regarding the ETI accounting change, were there any impacts on the P&L other than the 1 billion impairment? Also, what is the margin outlook for next year given the rate cuts? A: The ETI accounting change resulted in an additional 281 million rand of post-tax earnings being included in this set of numbers. From a balance sheet perspective, we booked our share of OCI foreign currency translation movements through equity. Regarding margins, we expect further dilution due to endowment impacts from rate cuts and a mix shift towards lower-margin assets. This trend may continue into 2026. Q: Upon completion of the sale of ETI, how likely is it that Nedbank will be able to repatriate the proceeds to South Africa? A: We aim for a clean sale of ETI without material suspensive conditions, allowing unrestricted access to hard currency. This would enable us to apply the proceeds to our capital stack as needed. Q: How does the group plan to maintain and improve ROE post-ETI sale, and is the current dividend policy appropriate? A: Post-ETI sale, we will focus on growing profitable businesses, improving risk-adjusted margins, and enhancing NIR through efficiency and lower cost-income ratios. The current dividend policy remains appropriate, with payouts at the top end of the range, subject to board approval. Q: What are the expectations for non-interest revenue and operating expenses in 2025 and 2026? A: For 2025, we expect non-interest revenue to grow above mid-single digits and operating expenses to grow between mid and upper single digits. In 2026, we aim for mid to upper single-digit growth in non-interest revenue and slightly above mid-single-digit growth in expenses, alongside stronger balance sheet growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Bloomberg
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Nigeria Retains High Yields on One-Year Bills to Lure Investors
Nigeria's central bank retained high double-digit yields on one-year papers favored by offshore investors in an auction on Tuesday to sustain dollar inflows and shore up the naira. The Abuja-based Central Bank of Nigeria sold the so called OMO bills at yields of 23.7%, about 782 basis points higher than comparable-tenored notes issued on behalf of the government last month. The yields on the government-backed treasury bills have been declining since the beginning of the year.
