The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Jonathan Kennedy-Good - Prescient Securities (Pty) Ltd - Analyst
: Good afternoon and thanks for the call. I just wanted to clarify a couple of things. If you could confirm for me, my understanding is your overall
group revenue for the five months is tracking in line with Q1, and if I recall that was just 4%.
And then secondly, you state it seemed to, to be, to me to be the fact that even our margins have remained steady since Q1, which I think they
were 25.5% at that point. If you could confirm that, would that lead to similar kind of growth of five months that you experienced in the first three?
I think that was 25% growth. Thank you.
Question: Jonathan Kennedy-Good - Prescient Securities (Pty) Ltd - Analyst
: I'm sorry, I was dropped off the call. No, I don't at this stage.
Question: Nadim Mohammed - SBG Securities (Pty) Ltd - Analyst
: Hi, good afternoon. Thanks for the opportunity to ask questions. Just three from my side. And firstly, just look at what I'd like to understand the
things that you see in the market now that you've had a few months of Vodacom and MTN's new pricing strategy on prepaid in place. Are you
seeing any sort of change in customer behaviour also, just add to that, I just any improvement in the state of the consumer. And you what sort of
low interest rates and improving care for the last few weeks? And then, I just would like to ask aboutt the free cash flow that Nonku mentioned
that he was following a positive trend in, for the five months today. Is that driven by working capital or is there a big contribution from working
capital improvements? And, lastly just want to understand the ICASA process, for Swiftnet at high level, you can just give us a sense of what the
different steps are and how far you are in terms of finalizing that process. Thank you.
Question: Nadim Mohammed - SBG Securities (Pty) Ltd - Analyst
: Thank you. Maybe Serame could address the other two then.
Question: Nadim Mohammed - SBG Securities (Pty) Ltd - Analyst
: Thank you very, very, very helpful. Thank you.
Question: Nadim Mohammed - SBG Securities (Pty) Ltd - Analyst
: Yeah, basically, I wanted to get a sense of the trends you're seeing over the last, let's say a month or so. Now that now that Vodacom and MTN's
new pricing is in place and also you know, as interest rates start turning down, are you seeing any improvement or any change in sort of the
behaviour of your prepaid customer base?
Question: Nadim Mohammed - SBG Securities (Pty) Ltd - Analyst
: Excellent. No, thank you. I really appreciate it.
Question: Jono Bradley - Absa Group - Analyst
: Thanks very much for the call and the opportunity to ask questions. Just two from me, please. Firstly, on Openserve and the pace of the fiber rollout
and the competition seems to have pulled back quite a bit on rolling out Fiber. Is this the same for Openserve in the second quarter?
And would you expect that to continue into next year?
And then related to that if you are pulling back on fiber CapEx, would that just be reallocated to the mobile business. And then the second question
is just on BCX, I just want to confirm on the BCX restructuring. You mentioned the ZAR200million to ZAR300 million and that would be provided
for. So, would that be a provision in the first half and the cash flow in the second half or the or could that cash flow be pushed into FY'26? Thanks
very much.
Question: Jono Bradley - Absa Group - Analyst
: Yes. Thank you very much. Very helpful.
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Question: Preshendran Odayar - Nedbank - Analyst
: Hi, good afternoon, everyone. Yeah, I just got one question and that's around, now that Swiftnet is actually progressing quite nicely, I know you
guys are busy on restructuring, but the question is around --- I'm trying to say further asset nationalization in, a more polite way. But selling stakes
in either BCX or Openserve. Following on to Jono's question, there was the results being released by both Rain and CIVH with very lofty valuations
for their businesses. So, I mean, are you guys seeing or, looking to actually monetize some of your positions in in Openserve and BCX in in the short
to medium term now that Swiftnet so that is, almost across the line? I just want to get some comments on timing and what you guys are doing in
that space if I may please. Thanks.
Question: Preshendran Odayar - Nedbank - Analyst
: Yeah, yeah, I'm good. Thanks. Thanks very much.
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