First Avenue’s CIO and portfolio manager, Hlelo Giyose, spoke to Ryk van Niekerk from Moneyweb about our philosophy and process. Particular emphasis is placed on our preference for companies with inflation that represent human ingenuity and have inherent inflation fighting properties. Click here to listen to the interview.
On 3 November, 2015, the Nigerian Communications Commission (NCC) fined MTN a record amount of $5.2 billion for failing to disconnect 5 million unregistered subscribers in their Nigerian operation. The scale of the fine represented 20% of their market capitalisation prior to the announcement.
First Avenue’s Hlelo Giyose commented on MTN’s handling of the fine […]