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: Preshendran M. Odayar - Nedbank Corporate and Investment Bank, Research Division - Analyst
: I just want to clarify on the free cash flow question. You're saying outside of the employee restructuring costs. So that's probably gone through in
this period, this first half. It's trending upwards. Does that include or exclude the spectrum payment? And has that been done? And then coupled
with that, is there any other, should I say, negative surprises that we should expect on free cash flow outside of the 2 known ones, which is spectrum
payment and employee restructuring cost payments?
Question: Preshendran M. Odayar - Nedbank Corporate and Investment Bank, Research Division - Analyst
: It's me again. Just, Dirk, if I can ask some -- a little bit more probing questions for each of the businesses. What can we expect just some compared
to quarter 1 in terms of revenue and margins for the mobile business, BCX, Openserve and the Lycamobile had quite a strong showing in the first
quarter a good run rate and then some of the other businesses went a bit backward. So just some -- if you can give us some color on what to expect
in the second quarter or for the first half.
And then coupled with that, can you just give us what your network uptime is under Stage 6 load shedding, the mobile network, not the -- I know
that Openserve is pretty robust. But just want to know on that it seems like MTN, they're throwing a lot of money to actually get that up and they've
done quite a lot going from what competitors say was around 80% to now at 91% on Stage 6. So just if you can give us some color on that. That's
2 from me.
Question: Preshendran M. Odayar - Nedbank Corporate and Investment Bank, Research Division - Analyst
: I promise this will be the last one, seeing I'm not holding Openserve lines over here. But yes, I think Myuran and Maddy asked similar questions
what I'm going to ask. But just some follow-ups. So the tower sale process, you're only going to announce something by results date, it looks like.
So nothing more immediate. That was my first question.
And second question, I'm trying to see this -- I'm just trying to get. On your new CFO, what skill set were you looking for in particular getting an
ex-Transnet CFO to come run. What is a relatively complex telco infrastructure business. Just want to know your thought process behind that. I
know it was a Board decision. I don't know if you can share some of those. Because I mean, telecom is not an easy business to model, to be honest.
I suppose for Dirk, I mean, I'm surprised you still got a lot of ECL with over the years, he has been looking at these numbers, both an audit partner
and as the CFO. So just some thoughts around that, if you can, just yes.
Question: Preshendran M. Odayar - Nedbank Corporate and Investment Bank, Research Division - Analyst
: Perfect. Thanks, Serame. Don't worry, I wasn't going to apply for the CFO job, it's beyond my level of expertise.
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